Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against HTX+1.200%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.200% dearer against HTX than usual: you sell high and buy low: +$120 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LLY-USDT	1,163.7	0	get 0.0000% / 8h	10m 34s	$5K	$42K	20x
Short	Injective LLY/USDC PERP	1,177.7	0.0220	get 0.0028% / 1h	10m 34s	$7K	$24K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +1.200%Rate

Funding earned: $46.2
Price spread: +1.200% → 0.000%: $119.96
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $154.14
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Injective: no order-book sample. 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 HTX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

HTX and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0026%	8h	1,165.6	+0.162%	$84K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,164.8	+0.091%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.2	+0.127%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,164.7	+0.079%	$1.3M	$346K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.3	+0.134%	$795K	$571K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164.8	+0.089%	$1.3M	$758K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.1	+0.200%	$2.3M	$166K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.1	+0.119%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.2	+0.127%	$221	$171K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.2	+0.125%	$2K	$5.6M	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-USDTlong	0.0000%	8h	1,163.7	long leg	$5K	$42K	20x
QFEX LLY-USD	+0.0022%	1h	1,164.7	+0.082%	$1.2M	$3.1M	10x	as long as short
Aftermath Perps LLYUSD	+0.0026%	1h	1,165.2	+0.129%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,163.8	+0.007%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0086%	1h	1,164.9	+0.100%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.7	+0.082%	$136K	$73K	20x	as long as short
Injective LLY/USDC PERPshort	+0.0220%	1h	1,177.7	+1.200%	$7K	$24K	12x
Nado LLY-PERP	+0.0241%	1h	1,164	+0.024%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,164.9	+0.100%	$1K	$7K	10x	as long as short