Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.011%

Price spread now: QFEX against Bitget−0.020%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1471.468% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 7 days−0.040%−$4 · spread now −0.020%, 7d avg −0.072%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.052% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,166.7	0	get 0.0000% / 8h	1h 24m	$2.3M	$167K	20x
Short	QFEX LLY-USD	1,166.5	0.0012	get 0.0002% / 1h	24m 41s	$1.2M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $2.59
Price spread: −0.020% → −0.072%: $5.19
Slippage, 4 orders: −$124.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$138.99
Costs to cover: 1.468%
Break-even: 383.0 days

Slippage from Bitget: live order book, 3 min ago; QFEX: live order book, 9 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	6.68 bp	14.9 bp −$15	32.7 bp −$327	doesn't fit	doesn't fit
Sell QFEX live order book, 9 min ago	52.07 bp	57.8 bp −$58	66.3 bp −$663	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
BloFin LLY-USDT	−0.0002%	8h	1,166.7	+0.005%	$84K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,166.3	−0.029%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,166.8	+0.006%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.1	−0.054%	$1.3M	$400K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166	−0.058%	$790K	$567K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166	−0.056%	$1.3M	$811K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,166.7	long leg	$2.3M	$167K	20x
Variational Omni LLY	0.0000%	8h	1,166.7	+0.001%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,166.6	−0.008%	$245	$176K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.8	+0.010%	$2K	$5.7M	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	1,163.7	−0.255%	$6K	$41K	20x	as long as short
QFEX LLY-USDshort	+0.0012%	1h	1,166.5	−0.020%	$1.2M	$3.5M	10x
Aftermath Perps LLYUSD	+0.0017%	1h	1,166.4	−0.024%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.7	−0.086%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0089%	1h	1,166.4	−0.024%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.4	−0.024%	$137K	$68K	20x	as long as short
Nado LLY-PERP	+0.0176%	1h	1,165.7	−0.082%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0206%	1h	1,166.5	−0.015%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.7	+1.030%	$7K	$24K	12x	as long as short