LLY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.021%

Price spread now: Bybit against KuCoin−0.001%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$742as in the Funding arb table

Net, price: spread back to 7d avg − costs−$738as in the Price arb table

costs, in and out, $10k−$7357.351% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.001%, 7d avg +0.028%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.029% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LLYUSDTM	1,165.7	0.0100	pay 0.0100% / 8h	7h 45m	$138K	$77K	20x
Short	Bybit LLYUSDT	1,165.7	0	get 0.0000% / 8h	7h 45m	$1.3M	$625K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$21
Price spread: −0.001% → +0.028%: −$2.87
Slippage, 4 orders: −$712.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$758.97
Costs to cover: 7.351%
Break-even: never at this rate

Slippage from KuCoin: live order book, 68 min ago; Bybit: live order book, just now.

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 KuCoin live order book, 68 min ago	19.32 bp	492.1 bp −$492	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	5.75 bp	23.0 bp −$23	doesn't fit	doesn't fit	doesn't fit

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 LLYUSDTshort	0.0000%	8h	1,165.7	−0.001%	$1.3M	$625K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.3	+0.051%	$818K	$575K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.7	−0.003%	$1.3M	$896K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.3	+0.051%	$2.3M	$178K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.9	+0.015%	$256	$201K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.6	−0.009%	$1K	$6.4M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.8	−0.251%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0004%	1h	1,165.8	+0.007%	$1.2M	$5.2M	10x	as long as short
Aftermath Perps LLYUSD	+0.0009%	1h	1,165.4	−0.025%	$47K	$42K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166	+0.027%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.4	−0.026%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTMlong	+0.0100%	8h	1,165.7	long leg	$138K	$77K	20x
Nado LLY-PERP	+0.0133%	1h	1,165.1	−0.052%	$39K	$251	10x	as long as short
Aster LLYUSDT	+0.0142%	8h	1,165.9	+0.020%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0159%	8h	1,165.6	−0.010%	$191K	$17K	—	as long as short
Phoenix LLY	+0.0206%	1h	1,165.6	−0.009%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.3	+1.081%	$10K	$21K	12x	as long as short
Binance LLYUSDT	+0.0303%	8h	1,165.8	+0.006%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0317%	8h	1,165.8	+0.005%	$84K	$85K	20x	as long as short