Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.002%

Price spread now: QFEX against Bybit+0.077%7-day average −0.045% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.077%, 7d avg −0.045%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.122% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,162.2	0	get 0.0000% / 8h	4h 36m	$1.3M	$573K	25x
Short	QFEX LLY-USD	1,163.1	0.0035	get 0.0004% / 1h	36m 33s	$1.2M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $7.38
Price spread: +0.077% → −0.045%: $12.21
Slippage, 4 orders: −$34.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$35.58
Costs to cover: 0.552%
Break-even: 40.8 days

Slippage from Bybit: live order book, 4 min ago; QFEX: live order book, 12 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	4.09 bp	24.8 bp −$25	445.3 bp −$4,453	doesn't fit	doesn't fit
Sell QFEX live order book, 12 min ago	1.85 bp	7.1 bp −$7	14.6 bp −$146	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
Aster LLYUSDT	0.0000%	8h	1,163.2	+0.084%	$23K	$3K	20x	as long as short
Bybit LLYUSDTlong	0.0000%	8h	1,162.2	long leg	$1.3M	$573K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.3	+0.096%	$791K	$642K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.9	+0.063%	$1.3M	$879K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.5	+0.116%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163	+0.073%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.1	+0.081%	$233	$186K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.2	+0.088%	$2K	$5.9M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,161.1	−0.092%	$5K	$40K	20x	as long as short
BloFin LLY-USDT	+0.0004%	8h	1,163.1	+0.079%	$84K	$85K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0014%	1h	1,163.3	+0.096%	$47K	$41K	5x	as long as short
Binance LLYUSDT	+0.0032%	8h	1,163.1	+0.080%	$2.0M	$3.1M	20x	as long as short
QFEX LLY-USDshort	+0.0035%	1h	1,163.1	+0.077%	$1.2M	$4.3M	10x
Vest LLY-USD-PERP	+0.0046%	1h	1,162.4	+0.021%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,163	+0.071%	$8.7M	$1.2M	10x	as long as short
Nado LLY-PERP	+0.0099%	1h	1,162.5	+0.028%	$39K	$251	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.1	+0.079%	$137K	$73K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.1	+1.112%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0275%	1h	1,162.9	+0.062%	$1K	$7K	10x	as long as short