Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.037%

Price spread now: Binance against tradeXYZ+0.039%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 2 days (all we have)+0.028%+$3 · spread now +0.039%, 7d avg +0.052%

Together, before fees−0.040%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:LLY	1,163.6	0.0100	pay 0.0012% / 1h	13m 03s	$8.7M	$1.2M	10x
Short	Binance LLYUSDT	1,164.1	0.0157	get 0.0157% / 8h	6h 13m	$2.0M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: $11.98
Price spread: +0.039% → +0.052%: −$1.31
Slippage, 4 orders: −$24.95
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.29
Costs to cover: 0.530%
Break-even: 31.7 days

Slippage from tradeXYZ: live order book, 6 min ago; Binance: live order book, 8 min ago.

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 tradeXYZ live order book, 6 min ago	3.01 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.90 bp	7.2 bp −$7	31.2 bp −$312	doesn't fit	doesn't fit

LLY on 18 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 LLYUSDT	0.0000%	8h	1,163.3	−0.028%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.3	−0.026%	$792K	$644K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.7	+0.005%	$1.3M	$905K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164.1	+0.040%	$2.3M	$173K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164.3	+0.062%	$233	$191K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164	+0.034%	$2K	$6.1M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.8	−0.068%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,163.2	−0.031%	$47K	$41K	5x	as long as short
Variational Omni LLY	+0.0021%	8h	1,163.9	+0.024%	$192K	$18K	—	as long as short
QFEX LLY-USD	+0.0026%	1h	1,164	+0.030%	$1.2M	$4.7M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERP	+0.0046%	1h	1,162.3	−0.114%	—	—	25x	as long as short
Aster LLYUSDT	+0.0050%	8h	1,163.7	+0.005%	$24K	$3K	20x	as long as short
tradeXYZ xyz:LLYlong	+0.0100%	1h	1,163.6	long leg	$8.7M	$1.2M	10x
KuCoin LLYUSDTM	+0.0100%	8h	1,163.4	−0.017%	$137K	$75K	20x	as long as short
Binance LLYUSDTshort	+0.0157%	8h	1,164.1	+0.039%	$2.0M	$3.1M	20x
Injective LLY/USDC PERP	+0.0220%	1h	1,176.1	+1.074%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0275%	1h	1,164.3	+0.060%	$1K	$7K	10x	as long as short
Nado LLY-PERP	+0.0285%	1h	1,162.5	−0.097%	$39K	$251	10x	as long as short