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 +0.009%

Price spread now: Bybit against Bitget−0.052%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$730.727% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.052%, 7d avg −0.027%

Together, before fees+0.109%+$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: Bybit is 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,166.4	0	get 0.0000% / 8h	2h 29m	$2.3M	$169K	20x
Short	Bybit LLYUSDT	1,165.8	0	get 0.0000% / 8h	2h 29m	$1.3M	$398K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.027%: −$2.48
Slippage, 4 orders: −$49.68
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$75.16
Costs to cover: 0.727%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 2 min ago.

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 Bitget live order book, 3 min ago	4.50 bp	18.4 bp −$18	28.7 bp −$287	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.13 bp	26.2 bp −$26	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	1,165.7	−0.058%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,166	−0.030%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDTshort	0.0000%	8h	1,165.8	−0.052%	$1.3M	$398K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.9	−0.043%	$791K	$569K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.6	−0.066%	$1.3M	$829K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,166.4	long leg	$2.3M	$169K	20x
Variational Omni LLY	0.0000%	8h	1,165.9	−0.042%	$193K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.2	−0.099%	$221	$180K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166	−0.034%	$1K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.7	−0.061%	$6K	$41K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0011%	1h	1,165.9	−0.044%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,165.7	−0.056%	$47K	$40K	5x	as long as short
BloFin LLY-USDT	+0.0016%	8h	1,165.9	−0.040%	$84K	$86K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.4	+0.002%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,166	−0.034%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.9	−0.043%	$137K	$71K	20x	as long as short
Nado LLY-PERP	+0.0198%	1h	1,165.7	−0.062%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.3	+0.934%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.4	0.000%	$1K	$7K	10x	as long as short