Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.018%

Price spread now: KuCoin against QFEX+0.021%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$800as in the Price arb table

costs, in and out, $10k−$8038.025% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.082%+$8 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now +0.021%, 7d avg −0.002%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.024% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX LLY-USD	1,166.5	0.0023	pay 0.0003% / 1h	15m 49s	$1.2M	$5.1M	10x
Short	KuCoin LLYUSDTM	1,166.7	0.0100	get 0.0100% / 8h	15m 49s	$138K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.021%Rate

Funding earned: $16.14
Price spread: +0.021% → −0.002%: $2.38
Slippage, 4 orders: −$780.51
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$783.98
Costs to cover: 8.025%
Break-even: 346.9 days

Slippage from QFEX: live order book, 8 min ago; KuCoin: live order book, 38 min ago.

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, 8 min ago	52.11 bp	57.3 bp −$57	63.0 bp −$630	doesn't fit	doesn't fit
Sell KuCoin live order book, 38 min ago	19.32 bp	195.9 bp −$196	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	1,167	+0.046%	$1.3M	$631K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,167.5	+0.090%	$819K	$573K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.7	+0.022%	$1.3M	$900K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,167.4	+0.084%	$2.3M	$175K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.6	+0.013%	$1K	$6.5M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.3	−0.099%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0003%	1h	1,166.7	+0.018%	$47K	$42K	5x	as long as short
Nado LLY-PERP	+0.0009%	1h	1,166.9	+0.039%	$39K	$251	10x	as long as short
QFEX LLY-USDlong	+0.0023%	1h	1,166.5	long leg	$1.2M	$5.1M	10x
Vest LLY-USD-PERP	+0.0046%	1h	1,166.6	+0.014%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.7	+0.021%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTMshort	+0.0100%	8h	1,166.7	+0.021%	$138K	$81K	20x
Aster LLYUSDT	+0.0119%	8h	1,166.2	−0.020%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0141%	8h	1,166.6	+0.010%	$191K	$19K	—	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.5	+1.033%	$10K	$21K	12x	as long as short
Binance LLYUSDT	+0.0304%	8h	1,166.7	+0.021%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0315%	8h	1,166.9	+0.037%	$84K	$85K	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,167.5	+0.090%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0444%	8h	1,166.6	+0.015%	$397	$206K	10x	as long as short