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 +0.059%

Price spread now: Binance against Bybit+0.076%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$800.796% of the position

Long on Bybit Short on Binance

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−0.044%−$4 · spread now +0.076%, 7d avg +0.004%

Together, before fees+0.098%+$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: Binance is 0.072% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,165.9	0	get 0.0000% / 8h	1h 26m	$1.3M	$400K	25x
Short	Binance LLYUSDT	1,166.8	0	get 0.0000% / 8h	1h 26m	$2.0M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.004%: $7.23
Slippage, 4 orders: −$58.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.36
Costs to cover: 0.796%
Break-even: never at this rate

Slippage from Bybit: live order book, 10 min ago; Binance: live order book, 9 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 Bybit live order book, 10 min ago	8.70 bp	22.7 bp −$23	596.5 bp −$5,965	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.28 bp	14.6 bp −$15	42.9 bp −$429	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
BloFin LLY-USDT	−0.0022%	8h	1,166.9	+0.087%	$84K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,166.2	+0.031%	$24K	$3K	20x	as long as short
Binance LLYUSDTshort	0.0000%	8h	1,166.8	+0.076%	$2.0M	$3.2M	20x
Bybit LLYUSDTlong	0.0000%	8h	1,165.9	long leg	$1.3M	$400K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,166	+0.012%	$790K	$567K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166	+0.010%	$1.3M	$811K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.5	+0.058%	$2.3M	$167K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166.7	+0.072%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.8	−0.003%	$245	$176K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.8	+0.081%	$2K	$5.7M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,165.6	−0.025%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0012%	1h	1,166.5	+0.051%	$1.2M	$3.5M	10x	as long as short
Aftermath Perps LLYUSD	+0.0017%	1h	1,166.4	+0.046%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.7	−0.015%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0079%	1h	1,166.3	+0.038%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.3	+0.038%	$137K	$68K	20x	as long as short
Nado LLY-PERP	+0.0171%	1h	1,165.7	−0.012%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0206%	1h	1,166.8	+0.081%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.7	+1.101%	$7K	$24K	12x	as long as short