Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h +0.023%

Price spread now: BloFin against QFEX+0.059%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on BloFin

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

The price spread pays, funding is against you. BloFin is 0.059% dearer against QFEX than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX LLY-USD	1,162.1	0.0075	pay 0.0009% / 1h	4m 40s	$1.2M	$3.1M	10x
Short	BloFin LLY-USDT	1,162.8	−0.0029	pay 0.0029% / 8h	6h 04m	$38K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against QFEX. 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 QFEXbpFee BloFinbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$21.83
Price spread: +0.059% → 0.000%: $5.94
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$37.89
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 6 min ago; BloFin: 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 QFEX live order book, 6 min ago	1.90 bp	7.4 bp −$7	16.5 bp −$165	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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 exchanges

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
Nado LLY-PERP	−0.0066%	1h	1,161.8	−0.022%	$39K	$251	10x	as long as short
BloFin LLY-USDTshort	−0.0029%	8h	1,162.8	+0.059%	$38K	$86K	20x
Aster LLYUSDT	0.0000%	8h	1,162	−0.008%	$23K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,162.4	+0.030%	$2.0M	$3.3M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,162.1	+0.002%	$1.4M	$424K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,162.4	+0.028%	$806K	$576K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162	−0.009%	$1.3M	$620K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,162.5	+0.037%	$2.3M	$172K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,160.7	−0.116%	$191K	$20K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,160.5	−0.135%	$220	$155K	10x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LLY-USDT	0.0000%	8h	1,162.5	+0.037%	$1K	$4.7M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,160.8	−0.113%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0001%	1h	1,161	−0.090%	$47K	$42K	5x	as long as short
Injective LLY/USDC PERP	+0.0033%	1h	1,160	−0.178%	$20K	$37K	12x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,161.3	−0.067%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,161.5	−0.049%	$8.7M	$1.2M	10x	as long as short
QFEX LLY-USDlong	+0.0075%	1h	1,162.1	long leg	$1.2M	$3.1M	10x
KuCoin LLYUSDTM	+0.0100%	8h	1,160.2	−0.161%	$140K	$204K	20x	as long as short
Phoenix LLY	+0.0275%	1h	1,160.4	−0.144%	$1K	$7K	10x	as long as short