Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: Injective against KuCoin+1.065%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Injective

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 1.065% dearer against KuCoin than usual: you sell high and buy low: +$107 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	KuCoin LLYUSDTM	1,163.8	0.0100	pay 0.0100% / 8h	4h 07m	$137K	$74K	20x
Short	Injective LLY/USDC PERP	1,176.2	0.0220	get 0.0028% / 1h	7m 17s	$7K	$24K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.065%Rate

Funding earned: $25.2
Price spread: +1.065% → 0.000%: $106.55
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $119.73
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 67 min ago; Injective: 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 KuCoin live order book, 67 min ago	12.91 bp	485.1 bp −$485	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
BloFin LLY-USDT	−0.0015%	8h	1,164.6	+0.071%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,164	+0.020%	$24K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,163.4	−0.036%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.3	−0.043%	$789K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.9	+0.010%	$1.3M	$882K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164.1	+0.027%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.5	−0.022%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164.1	+0.028%	$221	$186K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.5	+0.060%	$2K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.2	−0.054%	$5K	$41K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance LLYUSDT	+0.0010%	8h	1,164.5	+0.063%	$2.0M	$3.1M	20x	as long as short
Aftermath Perps LLYUSD	+0.0022%	1h	1,163.1	−0.061%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,163.9	+0.010%	$1.2M	$4.2M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.8	−0.089%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0053%	1h	1,163.7	−0.009%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTMlong	+0.0100%	8h	1,163.8	long leg	$137K	$74K	20x
Nado LLY-PERP	+0.0156%	1h	1,163.5	−0.030%	$39K	$251	10x	as long as short
Injective LLY/USDC PERPshort	+0.0220%	1h	1,176.2	+1.065%	$7K	$24K	12x
Phoenix LLY	+0.0275%	1h	1,163.5	−0.026%	$1K	$7K	10x	as long as short