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

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0344%/8h= +37.7% APRnext payment +$3.44 per $10,000 · paid last 24h −0.030%
Price spread now: GRVT against KuCoin0.000%113s7-day average +0.017% · you sell dearer than you buy
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 7 days+0.046%+$5 on $10k
Price spread, last 3 days (all we have)+0.071%+$7 · spread now 0.000%, 7d avg +0.017%
Together, before fees+0.117%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin LLYUSDTM1,166.70.0100pay 0.0100% / 8h17m 47s$138K$81K20x
ShortGRVT LLY_USDT_Perp1,166.70.0444get 0.0444% / 8h17m 47s$397$206K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against KuCoin. 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
$72.24
Price spread: 0.000% → +0.017%
−$1.61
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$49.63
Costs to cover
0.210%
Break-even
2.2 days
Slippage unknown: KuCoin: live order book, 36 min ago; GRVT: live order book, 59 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 KuCoin live order book, 36 min ago19.32 bp492.1 bp −$492doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 59 min ago2.06 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

LLY on 19 venues

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 LLYUSDT0.0000%8h1,167+0.025%$1.3M$631K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,167.5+0.069%$819K$573K20xas long as short
Gate LLY_USDT0.0000%8h1,166.7−0.003%$1.3M$900K25xas long as short
Bitget LLYUSDT0.0000%8h1,167.5+0.065%$2.3M$175K20xas long as short
SunX LLY-USDT0.0000%8h1,166.8+0.009%$1K$6.5M10xas long as short
HTX LLY-USDT0.0000%8h1,166−0.064%$5K$40K20xas long as short
Aftermath Perps LLYUSD+0.0003%1h1,166.70.000%$47K$42K5xas long as short
Nado LLY-PERP+0.0006%1h1,166.8+0.011%$39K$25110xas long as short
QFEX LLY-USD+0.0023%1h1,166.5−0.017%$1.2M$5.1M10xas long as short
Vest LLY-USD-PERP+0.0046%1h1,166.6−0.008%25xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:LLY+0.0050%1h1,166.8+0.009%$8.6M$1.1M10xas long as short
KuCoin LLYUSDTMlong+0.0100%8h1,166.7long leg$138K$81K20x
Aster LLYUSDT+0.0117%8h1,166.3−0.038%$24K$3K20xas long as short
Variational Omni LLY+0.0132%8h1,166.6−0.006%$191K$19Kas long as short
Injective LLY/USDC PERP+0.0220%1h1,178.5+1.011%$10K$21K12xas long as short
Binance LLYUSDT+0.0301%8h1,166.8+0.005%$2.0M$3.1M20xas long as short
BloFin LLY-USDT+0.0306%8h1,167+0.026%$84K$85K20xas long as short
Phoenix LLY+0.0343%1h1,166.70.000%$1K$7K10xas long as short
GRVT LLY_USDT_Perpshort+0.0444%8h1,166.70.000%$397$206K10x