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 −0.034%

Price spread now: Gate against Binance−0.090%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$970.975% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 2 days (all we have)+0.045%+$5 · spread now −0.090%, 7d avg −0.070%

Together, before fees−0.145%−$14 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: Gate is 0.021% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LLYUSDT	1,166.5	0	get 0.0000% / 8h	3h 30m	$2.0M	$3.2M	20x
Short	Gate LLY_USDT	1,165.4	0	get 0.0000% / 8h	3h 30m	$1.3M	$911K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → −0.070%: −$2.07
Slippage, 4 orders: −$72.46
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$99.53
Costs to cover: 0.975%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Gate: live order book, 3 min ago.

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 Binance live order book, 12 min ago	1.46 bp	11.3 bp −$11	25.0 bp −$250	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	9.23 bp	16.8 bp −$17	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	1,165	−0.123%	$24K	$3K	20x	as long as short
Binance LLYUSDTlong	0.0000%	8h	1,166.5	long leg	$2.0M	$3.2M	20x
Bybit LLYUSDT	0.0000%	8h	1,166.2	−0.025%	$1.3M	$961K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.3	−0.102%	$818K	$565K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,165.4	−0.090%	$1.3M	$911K	25x
Bitget LLYUSDT	0.0000%	8h	1,167	+0.040%	$2.3M	$183K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166.4	−0.008%	$191K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.8	−0.060%	$769	$207K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.6	+0.010%	$2K	$6.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.4	−0.091%	$5K	$40K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0016%	1h	1,165.9	−0.050%	$47K	$41K	5x	as long as short
BloFin LLY-USDT	+0.0028%	8h	1,166.1	−0.037%	$84K	$84K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	−0.024%	—	—	25x	as long as short
QFEX LLY-USD	+0.0049%	1h	1,166.3	−0.019%	$1.2M	$4.5M	10x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.8	−0.059%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.6	−0.162%	$139K	$61K	20x	as long as short
Nado LLY-PERP	+0.0125%	1h	1,165.1	−0.120%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.6	+0.867%	$10K	$21K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.9	−0.050%	$1K	$7K	10x	as long as short