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

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0076%/8h= −8.3% APRnext payment $0.76 per $10,000 · paid last 24h −0.059%
Price spread now: Bybit against Binance−0.076%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$670.671% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.143%−$14 on $10k
Price spread, last 7 days+0.040%+$4 · spread now −0.076%, 7d avg −0.004%
Together, before fees−0.103%−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.072% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance LLYUSDT1,1640.0076pay 0.0076% / 8h5h 03m$2.0M$3.1M20x
ShortBybit LLYUSDT1,163.20get 0.0000% / 8h5h 03m$1.3M$581K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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
−$15.96
Price spread: −0.076% → −0.004%
−$7.24
Slippage, 4 orders
−$46.08
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$90.28
Costs to cover
0.671%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago2.06 bp9.0 bp −$925.2 bp −$252doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago5.72 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit

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
Bybit LLYUSDTshort0.0000%8h1,163.2−0.076%$1.3M$581K25x
OKX LLY-USDT-SWAP0.0000%8h1,163.4−0.055%$792K$644K20xas long as short
Gate LLY_USDT0.0000%8h1,163.9−0.014%$1.3M$904K25xas long as short
Bitget LLYUSDT0.0000%8h1,163.7−0.034%$2.3M$176K20xas long as short
Variational Omni LLY0.0000%8h1,1640.000%$192K$18Kas long as short
GRVT LLY_USDT_Perp0.0000%8h1,163.9−0.010%$268$188K10xas long as short
SunX LLY-USDT0.0000%8h1,164.2+0.014%$823$6.0M10xas long as short
HTX LLY-USDT0.0000%8h1,162.5−0.136%$6K$40K20xas long as short
Aster LLYUSDT+0.0014%8h1,163.5−0.047%$24K$3K20xas long as short
Aftermath Perps LLYUSD+0.0016%1h1,162.9−0.095%$47K$41K5xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX LLY-USD+0.0043%1h1,163.9−0.009%$1.2M$4.5M10xas long as short
Vest LLY-USD-PERP+0.0046%1h1,162.7−0.118%25xas long as short
tradeXYZ xyz:LLY+0.0074%1h1,163.3−0.064%$8.7M$1.2M10xas long as short
Binance LLYUSDTlong+0.0076%8h1,164long leg$2.0M$3.1M20x
BloFin LLY-USDT+0.0085%8h1,164−0.001%$84K$84K20xas long as short
KuCoin LLYUSDTM+0.0100%8h1,163.6−0.038%$137K$73K20xas long as short
Nado LLY-PERP+0.0143%1h1,163.2−0.068%$39K$25110xas long as short
Injective LLY/USDC PERP+0.0220%1h1,175.2+0.959%$7K$24K12xas long as short
Phoenix LLY+0.0343%1h1,164.4+0.031%$1K$7K10xas long as short