Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.021%

Price spread now: tradeXYZ against Bybit+0.019%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

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

costs, in and out, $10k−$800.803% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.019%, 7d avg −0.065%

Together, before fees+0.190%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.084% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,162.5	0	get 0.0000% / 8h	5h 21m	$1.3M	$581K	25x
Short	tradeXYZ xyz:LLY	1,162.7	0.0056	get 0.0007% / 1h	21m 22s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.019%Rate

Funding earned: $11.86
Price spread: +0.019% → −0.065%: $8.41
Slippage, 4 orders: −$51.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$60.07
Costs to cover: 0.803%
Break-even: 42.5 days

Slippage from Bybit: live order book, 5 min ago; tradeXYZ: 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, 5 min ago	5.63 bp	30.3 bp −$30	645.9 bp −$6,459	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	3.44 bp	15.0 bp −$15	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
Bybit LLYUSDTlong	0.0000%	8h	1,162.5	long leg	$1.3M	$581K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.5	+0.088%	$792K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.8	+0.028%	$1.3M	$903K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.5	+0.090%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.1	+0.054%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.6	+0.097%	$268	$189K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.4	+0.079%	$2K	$6.0M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,161.1	−0.119%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0018%	1h	1,162.6	+0.009%	$47K	$41K	5x	as long as short
Aster LLYUSDT	+0.0025%	8h	1,163	+0.047%	$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
QFEX LLY-USD	+0.0043%	1h	1,162.6	+0.014%	$1.2M	$4.6M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,161.9	−0.046%	—	—	25x	as long as short
tradeXYZ xyz:LLYshort	+0.0056%	1h	1,162.7	+0.019%	$8.7M	$1.2M	10x
BloFin LLY-USDT	+0.0070%	8h	1,163.1	+0.057%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0098%	8h	1,163.3	+0.075%	$2.0M	$3.1M	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.1	+0.053%	$137K	$73K	20x	as long as short
Nado LLY-PERP	+0.0135%	1h	1,162.6	+0.006%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+1.146%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0343%	1h	1,163.9	+0.122%	$1K	$7K	10x	as long as short