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: Gate against Bybit−0.043%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$880.878% of the position

Long on Bybit Short on Gate

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−0.061%−$6 · spread now −0.043%, 7d avg −0.087%

Together, before fees−0.142%−$14 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 0.044% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,165.7	0	get 0.0000% / 8h	2h 46m	$1.3M	$448K	25x
Short	Gate LLY_USDT	1,165.2	0	get 0.0000% / 8h	2h 46m	$1.3M	$827K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.087%: $4.41
Slippage, 4 orders: −$61.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$83.42
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: 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 Bybit live order book, 4 min ago	3.95 bp	12.4 bp −$12	394.2 bp −$3,942	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	5.15 bp	19.0 bp −$19	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	1,165.8	+0.006%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.7	+0.001%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDTlong	0.0000%	8h	1,165.7	long leg	$1.3M	$448K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.2	−0.041%	$790K	$575K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,165.2	−0.043%	$1.3M	$827K	25x
Bitget LLYUSDT	0.0000%	8h	1,166.2	+0.047%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.5	−0.017%	$193K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.7	+0.005%	$233	$182K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.7	+0.002%	$1K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.8	−0.160%	$5K	$41K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0011%	1h	1,165.5	−0.016%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,165.4	−0.024%	$47K	$40K	5x	as long as short
BloFin LLY-USDT	+0.0025%	8h	1,165.8	+0.006%	$84K	$86K	20x	as long as short
tradeXYZ xyz:LLY	+0.0027%	1h	1,165.6	−0.007%	$8.7M	$1.2M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.5	−0.019%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.5	−0.015%	$137K	$71K	20x	as long as short
Nado LLY-PERP	+0.0203%	1h	1,165.4	−0.024%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.5	+1.014%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.5	+0.070%	$1K	$7K	10x	as long as short