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: Bitget against Variational Omni−0.008%7-day average +0.049% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

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)+0.039%+$4 · spread now −0.008%, 7d avg +0.049%

Together, before fees−0.034%+ Points / potential airdropVariational Omni: Active · farm board−$3 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: Bitget is 0.056% cheaper against Variational Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LLY	1,166	0	get 0.0000% / 8h	1h 49m	$193K	$18K	—
Short	Bitget LLYUSDT	1,166	0	get 0.0000% / 8h	1h 49m	$2.3M	$169K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BitgetbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → +0.049%: −$5.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.62
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 59 min ago; Bitget: live order book, 2 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 Variational Omni RFQ quote, 59 min ago	3.43 bp	doesn't fit	55.9 bp −$559	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	5.53 bp	13.2 bp −$13	44.5 bp −$445	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	−0.0010%	8h	1,166.1	+0.008%	$84K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,166.2	+0.014%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,166.3	+0.018%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.3	+0.018%	$1.3M	$402K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.4	−0.055%	$790K	$567K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.8	−0.020%	$1.3M	$810K	25x	as long as short
Bitget LLYUSDTshort	0.0000%	8h	1,166	−0.008%	$2.3M	$169K	20x
Variational Omni LLYlong	0.0000%	8h	1,166	long leg	$193K	$18K	—
GRVT LLY_USDT_Perp	0.0000%	8h	1,166	−0.001%	$268	$179K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.1	+0.005%	$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	1,166.3	+0.026%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0012%	1h	1,166.2	+0.016%	$1.2M	$3.7M	10x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,165.8	−0.023%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.4	+0.031%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.1	+0.005%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.2	+0.014%	$137K	$69K	20x	as long as short
Nado LLY-PERP	+0.0120%	1h	1,166.6	+0.048%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0206%	1h	1,167.4	+0.117%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.5	+0.983%	$7K	$24K	12x	as long as short