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: Gate against Variational Omni−0.011%7-day average −0.050% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

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)−0.041%−$4 · spread now −0.011%, 7d avg −0.050%

Together, before fees−0.115%+ Points / potential airdropVariational Omni: Active · farm board−$11 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: Gate is 0.039% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LLY	1,165.7	0	get 0.0000% / 8h	36m 32s	$193K	$18K	—
Short	Gate LLY_USDT	1,165.6	0	get 0.0000% / 8h	36m 32s	$1.3M	$756K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.050%: $3.93
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$11.07
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Gate: live order book, 6 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, 2 min ago	3.52 bp	doesn't fit	48.8 bp −$488	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	8.54 bp	17.9 bp −$18	doesn't fit	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
Aster LLYUSDT	0.0000%	8h	1,165.4	−0.025%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.6	−0.007%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.5	−0.015%	$1.3M	$347K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.6	−0.010%	$795K	$572K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,165.6	−0.011%	$1.3M	$756K	25x
Bitget LLYUSDT	0.0000%	8h	1,166.1	+0.036%	$2.3M	$167K	20x	as long as short
Variational Omni LLYlong	0.0000%	8h	1,165.7	long leg	$193K	$18K	—
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.6	−0.008%	$245	$174K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.7	−0.002%	$1K	$5.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.8	−0.077%	$5K	$42K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0019%	1h	1,165.7	+0.002%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0022%	1h	1,165.7	−0.004%	$1.2M	$3.3M	10x	as long as short
BloFin LLY-USDT	+0.0022%	8h	1,166.1	+0.029%	$84K	$85K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.3	−0.038%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.7	−0.002%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.4	−0.027%	$137K	$67K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.028%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0225%	1h	1,165.3	−0.032%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,166	+0.024%	$1K	$7K	10x	as long as short