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 −0.009%

Price spread now: Bitget against Bybit+0.101%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on Bybit Short on Bitget

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−0.017%−$2 · spread now +0.101%, 7d avg +0.028%

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: Bitget is 0.073% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,162.9	0	get 0.0000% / 8h	7h 01m	$1.3M	$582K	25x
Short	Bitget LLYUSDT	1,164.1	0	get 0.0000% / 8h	7h 01m	$2.3M	$177K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → +0.028%: $7.3
Slippage, 4 orders: −$47.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.02
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 1 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, 4 min ago	7.82 bp	17.7 bp −$18	337.8 bp −$3,378	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.72 bp	14.8 bp −$15	79.6 bp −$796	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
Bybit LLYUSDTlong	0.0000%	8h	1,162.9	long leg	$1.3M	$582K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.6	+0.058%	$793K	$630K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.8	−0.007%	$1.3M	$905K	25x	as long as short
Bitget LLYUSDTshort	0.0000%	8h	1,164.1	+0.101%	$2.3M	$177K	20x
GRVT LLY_USDT_Perp	0.0000%	8h	1,162.9	−0.005%	$221	$194K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163	+0.007%	$2K	$6.2M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,161	−0.164%	$6K	$40K	20x	as long as short
QFEX LLY-USD	+0.0004%	1h	1,162.7	−0.015%	$1.2M	$4.9M	10x	as long as short
Aftermath Perps LLYUSD	+0.0009%	1h	1,162.5	−0.032%	$47K	$42K	5x	as long as short
Aster LLYUSDT	+0.0043%	8h	1,163.2	+0.020%	$23K	$3K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERP	+0.0046%	1h	1,162.1	−0.074%	—	—	25x	as long as short
Variational Omni LLY	+0.0071%	8h	1,162.9	−0.002%	$191K	$17K	—	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.2	+0.024%	$137K	$75K	20x	as long as short
tradeXYZ xyz:LLY	+0.0151%	1h	1,162.4	−0.045%	$8.6M	$1.2M	10x	as long as short
Binance LLYUSDT	+0.0178%	8h	1,163.3	+0.028%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0183%	8h	1,163	+0.010%	$84K	$85K	20x	as long as short
Nado LLY-PERP	+0.0189%	1h	1,163	+0.005%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0206%	1h	1,163.3	+0.033%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.6	+1.176%	$7K	$24K	12x	as long as short