Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget−0.025%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1651.652% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.101%−$10 · spread now −0.025%, 7d avg −0.115%

Together, before fees−0.101%−$10 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 0.091% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,164.1	0	get 0.0000% / 8h	4h 15m	$2.3M	$169K	20x
Short	Gate LLY_USDT	1,163.8	0	get 0.0000% / 8h	4h 15m	$1.3M	$881K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.115%: $9.05
Slippage, 4 orders: −$138.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$156.13
Costs to cover: 1.652%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	7.34 bp	14.6 bp −$15	28.5 bp −$285	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	7.82 bp	80.7 bp −$81	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	1,163.5	−0.049%	$24K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,163.5	−0.052%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.5	−0.047%	$790K	$645K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,163.8	−0.025%	$1.3M	$881K	25x
Bitget LLYUSDTlong	0.0000%	8h	1,164.1	long leg	$2.3M	$169K	20x
Variational Omni LLY	0.0000%	8h	1,164.3	+0.018%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164	−0.005%	$221	$186K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.2	+0.013%	$1K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.7	−0.119%	$5K	$41K	20x	as long as short
Binance LLYUSDT	+0.0010%	8h	1,164.3	+0.017%	$2.0M	$3.1M	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	+0.0019%	1h	1,163.6	−0.035%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,164.3	+0.021%	$1.2M	$4.2M	10x	as long as short
BloFin LLY-USDT	+0.0035%	8h	1,164	−0.005%	$84K	$85K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.8	−0.111%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,163.4	−0.056%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.7	−0.030%	$137K	$74K	20x	as long as short
Nado LLY-PERP	+0.0127%	1h	1,162.9	−0.096%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.2	+1.044%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0275%	1h	1,164.7	+0.056%	$1K	$7K	10x	as long as short