Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: HTX against Injective−1.085%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 HTX

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 HTX is 1.085% cheaper against Injective than usual: you would sell low and buy high (−$109 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	1,176.8	0.0220	pay 0.0028% / 1h	4m 48s	$7K	$24K	12x
Short	HTX LLY-USDT	1,164	0	get 0.0000% / 8h	3h 04m	$6K	$41K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −1.085%Rate

Funding earned: −$46.2
Price spread: −1.085% → 0.000%: −$108.51
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$166.73
Costs to cover: 0.120%
Break-even: never at this rate

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

Injective and 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
Aster LLYUSDT	0.0000%	8h	1,165.5	−0.960%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.8	−0.931%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.5	−0.958%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.3	−0.977%	$790K	$604K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.4	−0.969%	$1.3M	$854K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.2	−0.905%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.6	−0.948%	$193K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.7	−0.942%	$256	$182K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.8	−0.935%	$1K	$5.8M	10x	as long as short
HTX LLY-USDTshort	0.0000%	8h	1,164	−1.085%	$6K	$41K	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0015%	1h	1,165.3	−0.974%	$47K	$40K	5x	as long as short
BloFin LLY-USDT	+0.0018%	8h	1,165.6	−0.953%	$84K	$85K	20x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,165.6	−0.952%	$1.2M	$3.9M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.5	−0.964%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.6	−0.952%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.5	−0.960%	$137K	$72K	20x	as long as short
Nado LLY-PERP	+0.0178%	1h	1,165.4	−0.970%	$39K	$251	10x	as long as short
Injective LLY/USDC PERPlong	+0.0220%	1h	1,176.8	long leg	$7K	$24K	12x
Phoenix LLY	+0.0344%	1h	1,165.7	−0.943%	$1K	$7K	10x	as long as short