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 +0.026%

Price spread now: Variational Omni against Bybit+0.006%7-day average −0.019% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.006%, 7d avg −0.019%

Together, before fees+0.005%+ Points / potential airdropVariational Omni: Active · farm board+$1 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 0.025% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,165.6	0	get 0.0000% / 8h	55m 58s	$1.3M	$350K	25x
Short	Variational Omni LLY	1,165.7	0	get 0.0000% / 8h	55m 58s	$193K	$18K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → −0.019%: $2.54
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.46
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: RFQ quote, 48 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 Bybit live order book, 5 min ago	9.22 bp	17.6 bp −$18	671.6 bp −$6,716	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 48 min ago	5.14 bp	doesn't fit	64.5 bp −$645	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	−0.0020%	8h	1,166.1	+0.041%	$84K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.5	−0.016%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.8	+0.011%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDTlong	0.0000%	8h	1,165.6	long leg	$1.3M	$350K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.8	+0.014%	$790K	$567K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.7	+0.003%	$1.3M	$755K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.2	+0.051%	$2.3M	$167K	20x	as long as short
Variational Omni LLYshort	0.0000%	8h	1,165.7	+0.006%	$193K	$18K	—
GRVT LLY_USDT_Perp	0.0000%	8h	1,166	+0.033%	$222	$176K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.9	+0.022%	$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	1,164.6	−0.087%	$6K	$42K	20x	as long as short
Aftermath Perps LLYUSD	+0.0019%	1h	1,165.7	+0.009%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0022%	1h	1,165.7	+0.008%	$1.2M	$3.4M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.9	+0.021%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.9	+0.022%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.6	−0.003%	$137K	$67K	20x	as long as short
Nado LLY-PERP	+0.0114%	1h	1,166	+0.033%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0206%	1h	1,166.3	+0.057%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.035%	$7K	$24K	12x	as long as short