Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Gate against Injective−0.949%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Gate

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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.949% cheaper against Injective than usual: you would sell low and buy high (−$95 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LLY/USDC PERP	1,176.6	0.0220	pay 0.0028% / 1h	30m 43s	$10K	$21K	12x
Short	Gate LLY_USDT	1,165.4	0	get 0.0000% / 8h	3h 30m	$1.3M	$911K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now −0.949%Rate

Funding earned: −$46.2
Price spread: −0.949% → 0.000%: −$94.93
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$156.15
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Gate: live order book, 2 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	9.23 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit

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
Aster LLYUSDT	0.0000%	8h	1,164.9	−0.994%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,166.5	−0.859%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.1	−0.893%	$1.3M	$961K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.3	−0.960%	$818K	$565K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,165.4	−0.949%	$1.3M	$911K	25x
Bitget LLYUSDT	0.0000%	8h	1,166.8	−0.830%	$2.3M	$183K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.7	−0.927%	$191K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.8	−0.919%	$769	$207K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.4	−0.867%	$2K	$6.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.3	−1.046%	$5K	$40K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0015%	1h	1,165.9	−0.909%	$47K	$41K	5x	as long as short
BloFin LLY-USDT	+0.0028%	8h	1,166.1	−0.897%	$84K	$84K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	−0.885%	—	—	25x	as long as short
QFEX LLY-USD	+0.0049%	1h	1,166.3	−0.879%	$1.2M	$4.5M	10x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.8	−0.918%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.6	−1.020%	$139K	$61K	20x	as long as short
Nado LLY-PERP	+0.0120%	1h	1,165.1	−0.974%	$39K	$251	10x	as long as short
Injective LLY/USDC PERPlong	+0.0220%	1h	1,176.6	long leg	$10K	$21K	12x
Phoenix LLY	+0.0274%	1h	1,165.9	−0.909%	$1K	$7K	10x	as long as short