Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.054%

Price spread now: Binance against Vest+0.060%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.060% dearer against Vest than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest LLY-USD-PERP	1,163.9	0.0046	pay 0.0006% / 1h	34m 09s	—	—	25x
Short	Binance LLYUSDT	1,164.6	0.0140	get 0.0140% / 8h	6h 34m	$2.0M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now +0.060%Rate

Funding earned: $19.79
Price spread: +0.060% → 0.000%: $6.01
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: $13.8
Costs to cover: 0.120%
Break-even: 2.1 days

Slippage unknown: Vest: no order-book sample; Binance: live order book, 17 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 17 min ago	1.72 bp	9.5 bp −$10	37.1 bp −$371	doesn't fit	doesn't fit

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 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	1,163.8	−0.003%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.9	+0.004%	$792K	$644K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164.3	+0.035%	$1.3M	$901K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164	+0.013%	$2.3M	$173K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.9	+0.007%	$221	$193K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.5	+0.056%	$2K	$6.1M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.5	−0.113%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0005%	1h	1,162.9	−0.079%	$47K	$41K	5x	as long as short
Variational Omni LLY	+0.0020%	8h	1,164.5	+0.052%	$192K	$18K	—	as long as short
Aster LLYUSDT	+0.0021%	8h	1,164.2	+0.026%	$24K	$3K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0026%	1h	1,164.7	+0.070%	$1.2M	$4.8M	10x	as long as short
Vest LLY-USD-PERPlong	+0.0046%	1h	1,163.9	long leg	—	—	25x
tradeXYZ xyz:LLY	+0.0050%	1h	1,164.1	+0.021%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164	+0.013%	$137K	$75K	20x	as long as short
Binance LLYUSDTshort	+0.0140%	8h	1,164.6	+0.060%	$2.0M	$3.1M	20x
Injective LLY/USDC PERP	+0.0220%	1h	1,176	+1.044%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0268%	1h	1,163.6	−0.022%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0275%	1h	1,164.6	+0.064%	$1K	$7K	10x	as long as short