Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.035%

Price spread now: Variational Omni against OKX+0.024%7-day average +0.003% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.024%, 7d avg +0.003%

Together, before fees+0.023%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.021% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LLY-USDT-SWAP	1,165.2	0	get 0.0000% / 8h	2h 44m	$790K	$570K	20x
Short	Variational Omni LLY	1,165.5	0	get 0.0000% / 8h	2h 44m	$193K	$16K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.003%: $2.07
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.93
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Variational Omni: RFQ quote, 5 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 OKX live order book, 2 min ago	0.43 bp	19.0 bp −$19	361.8 bp −$3,618	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.43 bp	doesn't fit	60.1 bp −$601	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
BloFin LLY-USDT	−0.0027%	8h	1,165.7	+0.045%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.7	+0.041%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.6	+0.036%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.5	+0.029%	$1.3M	$419K	25x	as long as short
OKX LLY-USDT-SWAPlong	0.0000%	8h	1,165.2	long leg	$790K	$570K	20x
Gate LLY_USDT	0.0000%	8h	1,165.2	−0.004%	$1.3M	$827K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.2	+0.087%	$2.3M	$169K	20x	as long as short
Variational Omni LLYshort	0.0000%	8h	1,165.5	+0.024%	$193K	$16K	—
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.6	+0.031%	$221	$182K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.6	+0.034%	$2K	$5.8M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,163.9	−0.112%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0011%	1h	1,165.5	+0.025%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,165.3	+0.011%	$47K	$40K	5x	as long as short
tradeXYZ xyz:LLY	+0.0020%	1h	1,165.5	+0.026%	$8.7M	$1.2M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.5	+0.022%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.4	+0.017%	$137K	$71K	20x	as long as short
Nado LLY-PERP	+0.0202%	1h	1,165.4	+0.017%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.5	+1.056%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.5	+0.112%	$1K	$7K	10x	as long as short