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 −0.004%

Price spread now: Bybit against Vest+0.024%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 Bybit

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 airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.024% dearer against Vest than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest LLY-USD-PERP	1,163.8	0.0046	pay 0.0006% / 1h	7m 47s	—	—	25x
Short	Bybit LLYUSDT	1,164.1	0	get 0.0000% / 8h	7m 47s	$1.3M	$346K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$9.59
Price spread: +0.024% → 0.000%: $2.41
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.19
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	11.42 bp	24.5 bp −$25	doesn't fit	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 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	1,164.4	+0.054%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,164.8	+0.083%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDTshort	0.0000%	8h	1,164.1	+0.024%	$1.3M	$346K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.8	+0.085%	$795K	$571K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164.6	+0.071%	$1.3M	$758K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166	+0.189%	$2.3M	$166K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.1	+0.113%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.1	+0.107%	$221	$171K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.1	+0.111%	$2K	$5.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.6	−0.017%	$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
BloFin LLY-USDT	+0.0009%	8h	1,165.1	+0.112%	$84K	$85K	20x	as long as short
QFEX LLY-USD	+0.0022%	1h	1,165	+0.103%	$1.2M	$3.1M	10x	as long as short
Aftermath Perps LLYUSD	+0.0028%	1h	1,165	+0.103%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERPlong	+0.0046%	1h	1,163.8	long leg	—	—	25x
tradeXYZ xyz:LLY	+0.0094%	1h	1,164.9	+0.094%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.5	+0.059%	$136K	$73K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.193%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0244%	1h	1,164	+0.017%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,164.9	+0.094%	$1K	$7K	10x	as long as short