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: Bitget against Bybit−0.009%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$800.803% of the position

Long on Bybit Short on Bitget

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+0.033%+$3 · spread now −0.009%, 7d avg +0.027%

Together, before fees−0.048%−$5 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: Bitget is 0.036% cheaper against Bybit than usual: you would sell low and buy high, −$4 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	Bybit LLYUSDT	1,166	0	get 0.0000% / 8h	1h 54m	$1.3M	$402K	25x
Short	Bitget LLYUSDT	1,165.9	0	get 0.0000% / 8h	1h 54m	$2.3M	$169K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.027%: −$3.6
Slippage, 4 orders: −$57.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$83.89
Costs to cover: 0.803%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: 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 Bybit live order book, 2 min ago	7.55 bp	26.2 bp −$26	610.0 bp −$6,100	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.80 bp	11.4 bp −$11	38.0 bp −$380	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	−0.0016%	8h	1,165.9	−0.006%	$83K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.9	−0.008%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,166.1	+0.009%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDTlong	0.0000%	8h	1,166	long leg	$1.3M	$402K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.9	−0.009%	$790K	$567K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.7	−0.026%	$1.3M	$810K	25x	as long as short
Bitget LLYUSDTshort	0.0000%	8h	1,165.9	−0.009%	$2.3M	$169K	20x
Variational Omni LLY	0.0000%	8h	1,166	+0.001%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.9	−0.006%	$268	$179K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.1	+0.008%	$2K	$5.8M	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	1,166.1	+0.003%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0012%	1h	1,166.3	+0.024%	$1.2M	$3.7M	10x	as long as short
Aftermath Perps LLYUSD	+0.0017%	1h	1,165.4	−0.053%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.4	+0.034%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.3	+0.025%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166	−0.001%	$137K	$72K	20x	as long as short
Nado LLY-PERP	+0.0127%	1h	1,166	+0.003%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.5	+0.985%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.6	+0.051%	$1K	$7K	10x	as long as short