Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.021%

Price spread now: Vest against Variational Omni−0.023%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Vest

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—+ Points / potential airdropVariational Omni: Active · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.023% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 41 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LLY	1,165.6	0	get 0.0000% / 8h	34m 25s	$193K	$18K	—
Short	Vest LLY-USD-PERP	1,165.3	0.0046	get 0.0006% / 1h	34m 25s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Variational Omni. 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 Variational OmnibpFee VestbpOrdersPrice spread, now −0.023%Rate

Funding earned: $9.59
Price spread: −0.023% → 0.000%: −$2.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $5.25
Costs to cover: 0.020%
Break-even: 3.2 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Vest: 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 Variational Omni RFQ quote, 5 min ago	3.52 bp	doesn't fit	48.8 bp −$488	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
BloFin LLY-USDT	−0.0016%	8h	1,166	+0.038%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.7	+0.012%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.6	+0.001%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.6	+0.007%	$1.3M	$347K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.6	+0.004%	$795K	$572K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.4	−0.012%	$1.3M	$756K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166	+0.040%	$2.3M	$167K	20x	as long as short
Variational Omni LLYlong	0.0000%	8h	1,165.6	long leg	$193K	$18K	—
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.6	+0.006%	$245	$174K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.6	+0.004%	$2K	$5.6M	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	1,164.8	−0.063%	$5K	$42K	20x	as long as short
Aftermath Perps LLYUSD	+0.0020%	1h	1,165.7	+0.016%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0022%	1h	1,165.6	+0.003%	$1.2M	$3.3M	10x	as long as short
Vest LLY-USD-PERPshort	+0.0046%	1h	1,165.3	−0.023%	—	—	25x
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.6	+0.004%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.5	−0.005%	$137K	$67K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.042%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0228%	1h	1,165.4	−0.017%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.7	+0.098%	$1K	$7K	10x	as long as short