Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.024%

Price spread now: tradeXYZ against Bitget−0.164%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.164%, 7d avg −0.093%

Together, before fees+0.355%+ Points / potential airdroptradeXYZ: Active · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.071% cheaper against Bitget than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of −0.093%). If the spread goes back, that is −$7 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,146.9	0	get 0.0000% / 8h	4h 49m	$2.3M	$326K	20x
Short	tradeXYZ xyz:LLY	1,145	0.0085	get 0.0011% / 1h	49m 09s	$8.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.164%Rate

Funding earned: $17.81
Price spread: −0.164% → −0.093%: −$7.08
Slippage, 4 orders: −$38.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$57.9
Costs to cover: 0.686%
Break-even: 29.8 days

Slippage from Bitget: live order book, 1 min ago; tradeXYZ: live order book, 3 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, 1 min ago	7.43 bp	18.3 bp −$18	49.6 bp −$496	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	3.92 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit

LLY on 19 exchanges

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	−0.0049%	8h	1,145.7	−0.101%	$1.4M	$612K	25x	as long as short
BloFin LLY-USDT	−0.0028%	8h	1,145.9	−0.083%	$86K	$86K	20x	as long as short
Aftermath Perps LLYUSD	−0.0019%	1h	1,153.8	+0.599%	$47K	$51K	5x	as long as short
GRVT LLY_USDT_Perp	−0.0003%	8h	1,149.1	+0.191%	$770	$151K	10x	as long as short
Aster LLYUSDT	0.0000%	8h	1,147	+0.010%	$23K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,146.5	−0.037%	$2.0M	$3.9M	20x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,146.2	−0.059%	$817K	$568K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,145.9	−0.084%	$1.3M	$641K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,146.9	long leg	$2.3M	$326K	20x
Variational Omni LLY	0.0000%	8h	1,148.4	+0.134%	$188K	$21K	—	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LLY-USDT	0.0000%	8h	1,147.3	+0.037%	$1K	$4.5M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,149.1	+0.194%	$5K	$42K	20x	as long as short
QFEX LLY-USD	+0.0013%	1h	1,145.7	−0.102%	$1.2M	$3.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0026%	8h	1,145.6	−0.112%	$145K	$288K	20x	as long as short
Injective LLY/USDC PERP	+0.0033%	1h	1,160	+1.144%	$20K	$37K	12x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,145.2	−0.147%	—	—	25x	as long as short
Phoenix LLY	+0.0069%	1h	1,147.5	+0.054%	$1K	$9K	10x	as long as short
tradeXYZ xyz:LLYshort	+0.0085%	1h	1,145	−0.164%	$8.7M	$1.3M	10x
Nado LLY-PERP	+0.0140%	1h	1,144.4	−0.217%	$38K	$251	10x	as long as short