Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.012%

Price spread now: QFEX against HTX+0.222%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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 +$1 a day on $10k at the current rate, and QFEX is 0.222% dearer against HTX than usual: you sell high and buy low: +$22 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	1,160.2	0	get 0.0000% / 8h	6h 58m	$6K	$40K	20x
Short	QFEX LLY-USD	1,162.8	0.0026	get 0.0003% / 1h	58m 13s	$1.2M	$4.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.222%Rate

Funding earned: $5.46
Price spread: +0.222% → 0.000%: $22.24
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: $5.7
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 10 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 10 min ago	1.81 bp	7.9 bp −$8	13.8 bp −$138	doesn't fit	doesn't fit

HTX: 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
Bybit LLYUSDT	0.0000%	8h	1,163.2	+0.253%	$1.3M	$583K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,162	+0.153%	$792K	$629K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.8	+0.220%	$1.3M	$898K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164.1	+0.334%	$2.3M	$177K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,162.9	+0.232%	$221	$194K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163	+0.240%	$2K	$6.2M	10x	as long as short
HTX LLY-USDTlong	0.0000%	8h	1,160.2	long leg	$6K	$40K	20x
Aftermath Perps LLYUSD	+0.0008%	1h	1,162.6	+0.201%	$47K	$42K	5x	as long as short
QFEX LLY-USDshort	+0.0026%	1h	1,162.8	+0.222%	$1.2M	$4.9M	10x
Aster LLYUSDT	+0.0036%	8h	1,162.8	+0.223%	$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	+0.157%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,162.2	+0.171%	$8.6M	$1.2M	10x	as long as short
Variational Omni LLY	+0.0061%	8h	1,162.8	+0.226%	$191K	$17K	—	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163	+0.240%	$137K	$75K	20x	as long as short
BloFin LLY-USDT	+0.0169%	8h	1,162.9	+0.229%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0171%	8h	1,163.1	+0.247%	$2.0M	$3.1M	20x	as long as short
Nado LLY-PERP	+0.0203%	1h	1,163	+0.240%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0206%	1h	1,163.3	+0.265%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,174.8	+1.257%	$7K	$24K	12x	as long as short