Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: Bybit against Variational Omni−0.016%7-day average +0.025% · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.038%−$4 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.016%, 7d avg +0.025%

Together, before fees+0.015%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.041% cheaper against Variational Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LLY	1,165.3	0	get 0.0000% / 8h	2h 31m	$191K	$19K	—
Short	Bybit LLYUSDT	1,165.1	0	get 0.0000% / 8h	2h 31m	$1.3M	$837K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.025%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$15.11
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 57 min ago; Bybit: live order book, 4 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 Variational Omni RFQ quote, 57 min ago	3.94 bp	doesn't fit	97.6 bp −$976	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.59 bp	19.4 bp −$19	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
Aster LLYUSDT	0.0000%	8h	1,164.5	−0.069%	$24K	$3K	20x	as long as short
Bybit LLYUSDTshort	0.0000%	8h	1,165.1	−0.016%	$1.3M	$837K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.1	−0.017%	$819K	$567K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165	−0.023%	$1.3M	$911K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,165.8	+0.043%	$2.3M	$176K	20x	as long as short
Variational Omni LLYlong	0.0000%	8h	1,165.3	long leg	$191K	$19K	—
SunX LLY-USDT	0.0000%	8h	1,165.3	0.000%	$2K	$6.7M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.9	−0.120%	$5K	$40K	20x	as long as short
QFEX LLY-USD	+0.0006%	1h	1,165.4	+0.004%	$1.2M	$4.8M	10x	as long as short
Aftermath Perps LLYUSD	+0.0020%	1h	1,165.3	+0.002%	$47K	$41K	5x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance LLYUSDT	+0.0026%	8h	1,165.2	−0.006%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0037%	8h	1,165.1	−0.021%	$84K	$83K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	+0.076%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.3	0.000%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.7	−0.051%	$139K	$62K	20x	as long as short
Nado LLY-PERP	+0.0160%	1h	1,165.3	+0.002%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.4	+1.038%	$10K	$21K	12x	as long as short
GRVT LLY_USDT_Perp	+0.0260%	8h	1,165.5	+0.014%	$455	$209K	10x	as long as short
Phoenix LLY	+0.0343%	1h	1,165.9	+0.052%	$1K	$7K	10x	as long as short