Settings8H · net · $10k
Funding arb · Price arb /

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0020%/8h= −2.2% APRnext payment $0.03 per $10,000 · paid last 24h −0.055%
Price spread now: QFEX against Injective−1.228%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 1.228% cheaper against Injective than usual: you would sell low and buy high (−$123 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective LLY/USDC PERP1,1600.0033pay 0.0004% / 1h48m 24s$20K$37K12x
ShortQFEX LLY-USD1,145.80.0013get 0.0002% / 1h48m 24s$1.2M$3.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$4.24
Price spread: −1.228% → 0.000%
−$122.84
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$137.11
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; QFEX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell QFEX live order book, 3 min ago5.09 bp10.1 bp −$1014.2 bp −$142doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LLY on 19 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LLYUSDT−0.0043%8h1,145−1.294%$1.4M$613K25xas long as short
BloFin LLY-USDT−0.0028%8h1,145.9−1.213%$86K$86K20xas long as short
Aftermath Perps LLYUSD−0.0018%1h1,151.9−0.697%$47K$51K5xas long as short
GRVT LLY_USDT_Perp−0.0003%8h1,149.1−0.942%$770$151K10xas long as short
Aster LLYUSDT0.0000%8h1,146.6−1.158%$23K$3K20xas long as short
Binance LLYUSDT0.0000%8h1,146.5−1.166%$2.0M$3.9M20xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,147−1.121%$823K$574K20xas long as short
Gate LLY_USDT0.0000%8h1,144.7−1.319%$1.3M$647K25xas long as short
Bitget LLYUSDT0.0000%8h1,146.7−1.145%$2.3M$329K20xas long as short
Variational Omni LLY0.0000%8h1,148.4−0.999%$188K$21Kas long as short
Show all 19 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX LLY-USDT0.0000%8h1,145.8−1.224%$2K$4.5M10xas long as short
HTX LLY-USDT0.0000%8h1,149.1−0.940%$5K$42K20xas long as short
QFEX LLY-USDshort+0.0013%1h1,145.8−1.228%$1.2M$3.2M10x
KuCoin LLYUSDTM+0.0024%8h1,145.6−1.241%$145K$291K20xas long as short
Injective LLY/USDC PERPlong+0.0033%1h1,160long leg$20K$37K12x
Vest LLY-USD-PERP+0.0046%1h1,145.1−1.287%25xas long as short
Phoenix LLY+0.0069%1h1,147.5−1.078%$1K$9K10xas long as short
tradeXYZ xyz:LLY+0.0108%1h1,145.3−1.267%$8.7M$1.3M10xas long as short
Nado LLY-PERP+0.0163%1h1,144.4−1.345%$38K$25110xas long as short