Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.032%

Price spread now: Injective against Binance+0.866%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Injective

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—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.866% dearer against Binance than usual: you sell high and buy low: +$87 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	Binance LLYUSDT	1,166.5	0	get 0.0000% / 8h	3h 30m	$2.0M	$3.2M	20x
Short	Injective LLY/USDC PERP	1,176.6	0.0220	get 0.0028% / 1h	30m 43s	$10K	$21K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +0.866%Rate

Funding earned: $46.2
Price spread: +0.866% → 0.000%: $86.6
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $122.78
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 11 min ago; Injective: 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 Binance live order book, 11 min ago	1.46 bp	11.3 bp −$11	25.0 bp −$250	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	1,164.9	−0.136%	$24K	$3K	20x	as long as short
Binance LLYUSDTlong	0.0000%	8h	1,166.5	long leg	$2.0M	$3.2M	20x
Bybit LLYUSDT	0.0000%	8h	1,166.1	−0.035%	$1.3M	$961K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.3	−0.103%	$818K	$565K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.4	−0.092%	$1.3M	$911K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.8	+0.029%	$2.3M	$183K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.7	−0.069%	$191K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.8	−0.061%	$769	$207K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.4	−0.008%	$2K	$6.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.3	−0.189%	$5K	$40K	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	+0.0015%	1h	1,165.9	−0.051%	$47K	$41K	5x	as long as short
BloFin LLY-USDT	+0.0028%	8h	1,166.1	−0.038%	$84K	$84K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	−0.026%	—	—	25x	as long as short
QFEX LLY-USD	+0.0049%	1h	1,166.3	−0.020%	$1.2M	$4.5M	10x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.8	−0.060%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.6	−0.163%	$139K	$61K	20x	as long as short
Nado LLY-PERP	+0.0120%	1h	1,165.1	−0.117%	$39K	$251	10x	as long as short
Injective LLY/USDC PERPshort	+0.0220%	1h	1,176.6	+0.866%	$10K	$21K	12x
Phoenix LLY	+0.0274%	1h	1,165.9	−0.051%	$1K	$7K	10x	as long as short