Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.054%

Price spread now: Binance against Vest+0.127%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.127% dearer against Vest than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest LLY-USD-PERP	1,161.9	0.0046	pay 0.0006% / 1h	44m 59s	—	—	25x
Short	Binance LLYUSDT	1,163.4	0.0143	get 0.0143% / 8h	6h 44m	$2.0M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now +0.127%Rate

Funding earned: $20.51
Price spread: +0.127% → 0.000%: $12.74
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: $21.25
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Binance: live order book, 6 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	1.72 bp	9.5 bp −$10	37.1 bp −$371	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,163.2	+0.114%	$1.3M	$582K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,162.7	+0.071%	$792K	$637K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.1	+0.106%	$1.3M	$900K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.7	+0.153%	$2.3M	$177K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,162.8	+0.079%	$244	$193K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.5	+0.139%	$2K	$6.1M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.5	+0.052%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0004%	1h	1,162.6	+0.061%	$47K	$42K	5x	as long as short
Aster LLYUSDT	+0.0017%	8h	1,163	+0.097%	$23K	$3K	20x	as long as short
QFEX LLY-USD	+0.0026%	1h	1,163.2	+0.116%	$1.2M	$4.8M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LLY	+0.0034%	8h	1,163.4	+0.135%	$191K	$17K	—	as long as short
Vest LLY-USD-PERPlong	+0.0046%	1h	1,161.9	long leg	—	—	25x
KuCoin LLYUSDTM	+0.0100%	8h	1,163.1	+0.105%	$137K	$75K	20x	as long as short
tradeXYZ xyz:LLY	+0.0100%	1h	1,162.6	+0.062%	$8.6M	$1.2M	10x	as long as short
BloFin LLY-USDT	+0.0129%	8h	1,162.8	+0.077%	$84K	$85K	20x	as long as short
Binance LLYUSDTshort	+0.0143%	8h	1,163.4	+0.127%	$2.0M	$3.1M	20x
Injective LLY/USDC PERP	+0.0220%	1h	1,174.8	+1.112%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0265%	1h	1,162.6	+0.062%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0275%	1h	1,163.1	+0.105%	$1K	$7K	10x	as long as short