Settings8H · net · $10k
Funding arb · Price arb /

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0229%/8h= +25.1% APRnext payment +$0.29 per $10,000 · paid last 24h +0.070%
Price spread now: Phoenix against Vest+0.063%58s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 +$7 a day on $10k at the current rate, and Phoenix is 0.063% dearer against Vest than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest LLY-USD-PERP1,162.80.0046pay 0.0006% / 1h17m 58s25x
ShortPhoenix LLY1,163.50.0275get 0.0034% / 1h17m 58s$1K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$48.13
Price spread: +0.063% → 0.000%
$6.28
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$45.41
Costs to cover
0.090%
Break-even
0.4 days
Slippage unknown: Vest: no order-book sample; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Phoenix no order-book sample
Vest and Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster LLYUSDT0.0000%8h1,163.4+0.054%$24K$3K20xas long as short
Bybit LLYUSDT0.0000%8h1,163.4+0.055%$1.3M$521K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,163.7+0.080%$790K$645K20xas long as short
Gate LLY_USDT0.0000%8h1,163.7+0.078%$1.3M$881K25xas long as short
Bitget LLYUSDT0.0000%8h1,164.1+0.110%$2.3M$169K20xas long as short
Variational Omni LLY0.0000%8h1,163.7+0.084%$192K$18Kas long as short
GRVT LLY_USDT_Perp0.0000%8h1,163.2+0.039%$221$186K10xas long as short
SunX LLY-USDT0.0000%8h1,164.4+0.140%$2K$5.8M10xas long as short
HTX LLY-USDT0.0000%8h1,161.7−0.093%$5K$41K20xas long as short
Binance LLYUSDT+0.0009%8h1,163.9+0.096%$2.0M$3.1M20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps LLYUSD+0.0018%1h1,163.6+0.074%$47K$41K5xas long as short
BloFin LLY-USDT+0.0026%8h1,164.4+0.140%$84K$85K20xas long as short
QFEX LLY-USD+0.0035%1h1,164+0.103%$1.2M$4.2M10xas long as short
Vest LLY-USD-PERPlong+0.0046%1h1,162.8long leg25x
tradeXYZ xyz:LLY+0.0050%1h1,163.6+0.071%$8.7M$1.2M10xas long as short
KuCoin LLYUSDTM+0.0100%8h1,163.7+0.080%$137K$74K20xas long as short
Nado LLY-PERP+0.0116%1h1,162.9+0.014%$39K$25110xas long as short
Injective LLY/USDC PERP+0.0220%1h1,175.1+1.060%$7K$24K12xas long as short
Phoenix LLYshort+0.0275%1h1,163.5+0.063%$1K$7K10x