Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.028%

Price spread now: Bitget against tradeXYZ+0.002%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.002%, 7d avg +0.093%

Together, before fees−0.239%+ Points / potential airdroptradeXYZ: Active · farm board−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.092% cheaper against tradeXYZ than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.093%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:LLY	1,166.4	0.0114	pay 0.0014% / 1h	17m 52s	$8.7M	$1.2M	10x
Short	Bitget LLYUSDT	1,166.4	0	get 0.0000% / 8h	1h 17m	$2.3M	$167K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$23.97
Price spread: +0.002% → +0.093%: −$9.15
Slippage, 4 orders: −$33.85
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$96.97
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Bitget: live order book, 4 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 tradeXYZ live order book, 11 min ago	2.57 bp	16.6 bp −$17	36.4 bp −$364	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	6.68 bp	16.8 bp −$17	49.4 bp −$494	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
Aster LLYUSDT	0.0000%	8h	1,166.4	−0.004%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,166.7	+0.029%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166	−0.033%	$1.3M	$351K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.4	0.000%	$790K	$567K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166	−0.033%	$1.3M	$811K	25x	as long as short
Bitget LLYUSDTshort	0.0000%	8h	1,166.4	+0.002%	$2.3M	$167K	20x
Variational Omni LLY	0.0000%	8h	1,166.7	+0.025%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,166.2	−0.016%	$245	$176K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.8	+0.034%	$1K	$5.7M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.5	−0.077%	$6K	$41K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin LLY-USDT	+0.0012%	8h	1,166.7	+0.029%	$84K	$85K	20x	as long as short
QFEX LLY-USD	+0.0012%	1h	1,165.8	−0.053%	$1.2M	$3.5M	10x	as long as short
Aftermath Perps LLYUSD	+0.0019%	1h	1,166.3	−0.007%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.7	−0.062%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.4	0.000%	$137K	$68K	20x	as long as short
tradeXYZ xyz:LLYlong	+0.0114%	1h	1,166.4	long leg	$8.7M	$1.2M	10x
Nado LLY-PERP	+0.0198%	1h	1,166.2	−0.020%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0206%	1h	1,167.8	+0.120%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.7	+1.055%	$7K	$24K	12x	as long as short