Funding arb · Price arb /

LLY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.031%

Price spread now: tradeXYZ against HTX+0.044%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and tradeXYZ is 0.044% dearer against HTX than usual: you sell high and buy low: +$4 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	0	get 0.0000% / 8h	6h 14m	$5K	$40K	20x
Short	tradeXYZ xyz:LLY	1,163.5	0.0095	get 0.0012% / 1h	14m 16s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.044%Rate

Funding earned: $20.04
Price spread: +0.044% → 0.000%: $4.39
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$5.58
Costs to cover: 0.300%
Break-even: 8.9 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	3.01 bp	17.4 bp −$17	doesn't fit	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 18 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	1,163.1	+0.010%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.3	+0.027%	$792K	$644K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.9	+0.077%	$1.3M	$905K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164.1	+0.092%	$2.3M	$173K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164.3	+0.114%	$233	$191K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164	+0.087%	$2K	$6.1M	10x	as long as short
HTX LLY-USDTlong	0.0000%	8h	1,163	long leg	$5K	$40K	20x
Aftermath Perps LLYUSD	+0.0014%	1h	1,163.2	+0.021%	$47K	$41K	5x	as long as short
Variational Omni LLY	+0.0021%	8h	1,163.9	+0.077%	$192K	$18K	—	as long as short
QFEX LLY-USD	+0.0026%	1h	1,164	+0.084%	$1.2M	$4.7M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERP	+0.0046%	1h	1,162.3	−0.064%	—	—	25x	as long as short
Aster LLYUSDT	+0.0048%	8h	1,163.6	+0.057%	$24K	$3K	20x	as long as short
tradeXYZ xyz:LLYshort	+0.0095%	1h	1,163.5	+0.044%	$8.7M	$1.2M	10x
KuCoin LLYUSDTM	+0.0100%	8h	1,163.3	+0.027%	$137K	$75K	20x	as long as short
Binance LLYUSDT	+0.0155%	8h	1,164	+0.085%	$2.0M	$3.1M	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.1	+1.127%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0275%	1h	1,164.5	+0.130%	$1K	$7K	10x	as long as short
Nado LLY-PERP	+0.0283%	1h	1,162.8	−0.017%	$39K	$251	10x	as long as short