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 +0.009%

Price spread now: Bybit against Bitget−0.058%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1201.199% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days−0.005%$0 · spread now −0.058%, 7d avg −0.028%

Together, before fees+0.076%+$8 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: Bybit is 0.031% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,166.6	0	get 0.0000% / 8h	1h 04m	$2.3M	$176K	20x
Short	Bybit LLYUSDT	1,165.9	0	get 0.0000% / 8h	1h 04m	$1.3M	$636K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.028%: −$3.08
Slippage, 4 orders: −$96.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$122.93
Costs to cover: 1.199%
Break-even: never at this rate

Slippage from Bitget: live order book, 8 min ago; Bybit: live order book, 6 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 Bitget live order book, 8 min ago	3.60 bp	20.0 bp −$20	34.1 bp −$341	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	2.36 bp	41.9 bp −$42	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
QFEX LLY-USD	−0.0006%	1h	1,166	−0.049%	$1.2M	$5.1M	10x	as long as short
Bybit LLYUSDTshort	0.0000%	8h	1,165.9	−0.058%	$1.3M	$636K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.2	−0.034%	$819K	$564K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166	−0.050%	$1.3M	$910K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,166.6	long leg	$2.3M	$176K	20x
SunX LLY-USDT	0.0000%	8h	1,166.1	−0.043%	$1K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.4	−0.276%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0011%	1h	1,166.2	−0.034%	$47K	$41K	5x	as long as short
Aster LLYUSDT	+0.0029%	8h	1,165.6	−0.081%	$24K	$3K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	−0.038%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.9	−0.060%	$8.6M	$1.1M	10x	as long as short
Variational Omni LLY	+0.0079%	8h	1,166	−0.049%	$191K	$19K	—	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.7	−0.077%	$139K	$56K	20x	as long as short
Nado LLY-PERP	+0.0142%	1h	1,166.1	−0.041%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.6	+1.029%	$10K	$21K	12x	as long as short
Binance LLYUSDT	+0.0248%	8h	1,166.2	−0.037%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0257%	8h	1,167	+0.038%	$84K	$85K	20x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.3	−0.026%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0447%	8h	1,166.3	−0.025%	$828	$208K	10x	as long as short