Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.034%

Price spread now: GRVT against QFEX−0.014%7-day average −0.003% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.105%+$11 on $10k

Price spread, last 4 days (all we have)+0.185%+$19 · spread now −0.014%, 7d avg −0.003%

Together, before fees+0.290%+ Points / potential airdropGRVT: Active · farm board+$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.105%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX LLY-USD	1,163	0.0026	pay 0.0003% / 1h	47m 40s	$1.2M	$4.8M	10x
Short	GRVT LLY_USDT_Perp	1,162.8	0	get 0.0000% / 8h	6h 47m	$244	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against QFEX. 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

Position, each leg$Hold fordaysFee QFEXbpFee GRVTbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$5.46
Price spread: −0.014% → −0.003%: −$1.08
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$25.54
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 11 min ago; GRVT: live order book, 15 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 11 min ago	2.06 bp	7.5 bp −$7	15.2 bp −$152	doesn't fit	doesn't fit
Sell GRVT live order book, 15 min ago	1.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

LLY on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LLYUSDT	0.0000%	8h	1,162.9	−0.005%	$1.3M	$582K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,162.7	−0.022%	$792K	$637K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163	0.000%	$1.3M	$900K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.4	+0.040%	$2.3M	$177K	20x	as long as short
GRVT LLY_USDT_Perpshort	0.0000%	8h	1,162.8	−0.014%	$244	$193K	10x
SunX LLY-USDT	0.0000%	8h	1,163.4	+0.038%	$2K	$6.1M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.5	−0.038%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0004%	1h	1,162.4	−0.047%	$47K	$42K	5x	as long as short
Aster LLYUSDT	+0.0017%	8h	1,163	+0.001%	$23K	$3K	20x	as long as short
QFEX LLY-USDlong	+0.0026%	1h	1,163	long leg	$1.2M	$4.8M	10x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LLY	+0.0042%	8h	1,162.7	−0.025%	$191K	$17K	—	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,161.8	−0.096%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163	+0.003%	$137K	$75K	20x	as long as short
tradeXYZ xyz:LLY	+0.0108%	1h	1,162.9	−0.005%	$8.7M	$1.2M	10x	as long as short
BloFin LLY-USDT	+0.0129%	8h	1,162.8	−0.016%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0145%	8h	1,163.4	+0.034%	$2.0M	$3.1M	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,174.8	+1.018%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0223%	1h	1,162.6	−0.035%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0275%	1h	1,163.1	+0.012%	$1K	$7K	10x	as long as short