Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Gate against Bybit−0.019%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1321.317% of the position

Long on Bybit Short on Gate

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+0.011%+$1 · spread now −0.019%, 7d avg −0.089%

Together, before fees−0.070%−$7 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: Gate is 0.070% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,165.8	0	get 0.0000% / 8h	1h 46m	$1.3M	$636K	25x
Short	Gate LLY_USDT	1,165.6	0	get 0.0000% / 8h	1h 46m	$1.3M	$908K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.089%: $7
Slippage, 4 orders: −$105.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$124.74
Costs to cover: 1.317%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 1 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, 4 min ago	1.84 bp	47.3 bp −$47	629.2 bp −$6,292	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.51 bp	13.6 bp −$14	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
QFEX LLY-USD	−0.0006%	1h	1,165.9	+0.009%	$1.2M	$5.0M	10x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.5	−0.021%	$24K	$3K	20x	as long as short
Bybit LLYUSDTlong	0.0000%	8h	1,165.8	long leg	$1.3M	$636K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.2	−0.050%	$819K	$563K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,165.6	−0.019%	$1.3M	$908K	25x
Bitget LLYUSDT	0.0000%	8h	1,166.2	+0.038%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166	+0.019%	$191K	$19K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.1	+0.027%	$2K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.3	−0.130%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0011%	1h	1,165.6	−0.017%	$47K	$42K	5x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERP	+0.0046%	1h	1,165	−0.067%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.2	+0.036%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.1	+0.027%	$139K	$56K	20x	as long as short
Binance LLYUSDT	+0.0159%	8h	1,166.1	+0.031%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0178%	8h	1,166.2	+0.033%	$84K	$84K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.6	+1.014%	$10K	$21K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.2	−0.050%	$1K	$7K	10x	as long as short
Nado LLY-PERP	+0.0284%	1h	1,166	+0.018%	$39K	$251	10x	as long as short
GRVT LLY_USDT_Perp	+0.0360%	8h	1,165.6	−0.012%	$233	$208K	10x	as long as short