Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.037%

Price spread now: BloFin against tradeXYZ+0.069%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. BloFin is 0.069% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:LLY	1,163	0.0070	pay 0.0009% / 1h	0m 54s	$8.7M	$1.2M	10x
Short	BloFin LLY-USDT	1,163.8	0.0054	get 0.0054% / 8h	5h 00m	$84K	$84K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$3.3
Price spread: +0.069% → 0.000%: $6.88
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.42
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago	3.87 bp	14.4 bp −$14	28.6 bp −$286	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 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	1,163.1	+0.010%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.4	+0.034%	$792K	$644K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.6	+0.050%	$1.3M	$904K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.8	+0.066%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.6	+0.051%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.9	+0.080%	$221	$188K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.7	+0.060%	$1K	$6.0M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.9	−0.009%	$5K	$40K	20x	as long as short
Aster LLYUSDT	+0.0012%	8h	1,163.6	+0.048%	$24K	$3K	20x	as long as short
Aftermath Perps LLYUSD	+0.0015%	1h	1,162.7	−0.027%	$47K	$41K	5x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0043%	1h	1,163.8	+0.069%	$1.2M	$4.5M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.8	−0.021%	—	—	25x	as long as short
BloFin LLY-USDTshort	+0.0054%	8h	1,163.8	+0.069%	$84K	$84K	20x
tradeXYZ xyz:LLYlong	+0.0070%	1h	1,163	long leg	$8.7M	$1.2M	10x
Binance LLYUSDT	+0.0071%	8h	1,163.6	+0.052%	$2.0M	$3.1M	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.6	+0.052%	$137K	$73K	20x	as long as short
Nado LLY-PERP	+0.0141%	1h	1,163.2	+0.021%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.2	+1.049%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0343%	1h	1,164.4	+0.120%	$1K	$7K	10x	as long as short