Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0271%/8h= +29.6% APRpaid last 24h +0.016%

Price spread now: Phoenix against BloFin+0.069%106s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 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 +$8 a day on $10k at the current rate, and Phoenix is 0.069% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LLY-USDT	1,163.1	0.0004	pay 0.0004% / 8h	4h 35m	$84K	$85K	20x
Short	Phoenix LLY	1,163.9	0.0275	get 0.0034% / 1h	35m 24s	$1K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against BloFin. 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 BloFinbpFee PhoenixbpOrdersPrice spread, now +0.069%Rate

Funding earned: $56.84
Price spread: +0.069% → 0.000%: $6.88
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $44.72
Costs to cover: 0.190%
Break-even: 1.5 days

Slippage unknown: BloFin: no order-book sample; Phoenix: 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 BloFin no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

BloFin and Phoenix: 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	1,163.2	+0.007%	$23K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,162.4	−0.060%	$1.3M	$547K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,162.2	−0.077%	$789K	$642K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.9	−0.015%	$1.3M	$880K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.3	+0.016%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,162.8	−0.022%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.1	+0.003%	$221	$186K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,162.9	−0.017%	$2K	$5.9M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,161.1	−0.171%	$5K	$40K	20x	as long as short
BloFin LLY-USDTlong	+0.0004%	8h	1,163.1	long leg	$84K	$85K	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0015%	1h	1,162.6	−0.043%	$47K	$41K	5x	as long as short
Binance LLYUSDT	+0.0030%	8h	1,163.1	−0.002%	$2.0M	$3.1M	20x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,163.3	+0.016%	$1.2M	$4.3M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.4	−0.062%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,162.6	−0.043%	$8.7M	$1.2M	10x	as long as short
Nado LLY-PERP	+0.0100%	1h	1,162.8	−0.027%	$39K	$251	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163	−0.009%	$137K	$73K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.1	+1.032%	$7K	$24K	12x	as long as short
Phoenix LLYshort	+0.0275%	1h	1,163.9	+0.069%	$1K	$7K	10x