Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Variational Omni against Bitget−0.016%7-day average −0.048% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.016%, 7d avg −0.048%

Together, before fees+0.057%+ Points / potential airdropVariational Omni: Active · farm board+$6 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: Variational Omni is 0.032% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,166.1	0	get 0.0000% / 8h	7h 41m	$2.3M	$160K	20x
Short	Variational Omni LLY	1,165.9	0	get 0.0000% / 8h	7h 41m	$191K	$21K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.048%: $3.18
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.82
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 min ago; Variational Omni: RFQ quote, 58 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 Bitget live order book, 1 min ago	9.64 bp	16.0 bp −$16	46.3 bp −$463	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 58 min ago	3.52 bp	doesn't fit	65.8 bp −$658	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
Nado LLY-PERP	−0.0200%	1h	1,166.3	+0.016%	$39K	$251	10x	as long as short
tradeXYZ xyz:LLY	−0.0045%	1h	1,165.8	−0.027%	$8.7M	$1.1M	10x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.8	−0.028%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.8	−0.028%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.4	+0.023%	$1.3M	$339K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.3	+0.016%	$795K	$569K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.2	+0.003%	$1.3M	$641K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,166.1	long leg	$2.3M	$160K	20x
Variational Omni LLYshort	0.0000%	8h	1,165.9	−0.016%	$191K	$21K	—
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.9	−0.021%	$222	$167K	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LLY-USDT	0.0000%	8h	1,165.9	−0.018%	$2K	$5.5M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.4	−0.146%	$6K	$41K	20x	as long as short
BloFin LLY-USDT	+0.0017%	8h	1,166.2	+0.005%	$84K	$86K	20x	as long as short
Aftermath Perps LLYUSD	+0.0019%	1h	1,165.7	−0.039%	$47K	$39K	5x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,165.8	−0.028%	$1.2M	$3.0M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165	−0.097%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.6	−0.044%	$136K	$99K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+0.994%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0412%	1h	1,166.4	+0.025%	$1K	$7K	10x	as long as short