Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.021%

Price spread now: Variational Omni against Vest+0.070%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.070% dearer against Vest than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest LLY-USD-PERP	1,164.8	0.0046	pay 0.0006% / 1h	20m 43s	—	—	25x
Short	Variational Omni LLY	1,165.6	0	get 0.0000% / 8h	20m 43s	$193K	$18K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.070%Rate

Funding earned: −$9.59
Price spread: +0.070% → 0.000%: $6.96
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.63
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 18 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 Variational Omni RFQ quote, 18 min ago	3.52 bp	doesn't fit	65.8 bp −$658	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
BloFin LLY-USDT	−0.0020%	8h	1,165.6	+0.067%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165	+0.013%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.7	+0.073%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.3	+0.041%	$1.3M	$346K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.4	+0.052%	$795K	$571K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.7	+0.074%	$1.3M	$757K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.2	+0.121%	$2.3M	$167K	20x	as long as short
Variational Omni LLYshort	0.0000%	8h	1,165.6	+0.070%	$193K	$18K	—
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.4	+0.052%	$210	$172K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.7	+0.077%	$2K	$5.6M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,163.3	−0.130%	$5K	$42K	20x	as long as short
QFEX LLY-USD	+0.0022%	1h	1,165.1	+0.022%	$1.2M	$3.2M	10x	as long as short
Aftermath Perps LLYUSD	+0.0022%	1h	1,165.7	+0.081%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERPlong	+0.0046%	1h	1,164.8	long leg	—	—	25x
tradeXYZ xyz:LLY	+0.0059%	1h	1,165.5	+0.060%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165	+0.017%	$136K	$70K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.107%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0235%	1h	1,165.2	+0.034%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.9	+0.180%	$1K	$7K	10x	as long as short