Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.022%

Price spread now: tradeXYZ against Bybit+0.029%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.029%, 7d avg −0.065%

Together, before fees+0.165%+ Points / potential airdroptradeXYZ: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.095% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,162.5	0	get 0.0000% / 8h	4h 33m	$1.3M	$531K	25x
Short	tradeXYZ xyz:LLY	1,162.8	0.0050	get 0.0006% / 1h	33m 12s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.029%Rate

Funding earned: $10.5
Price spread: +0.029% → −0.065%: $9.47
Slippage, 4 orders: −$42.56
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$51.6
Costs to cover: 0.716%
Break-even: 41.4 days

Slippage from Bybit: live order book, 3 min ago; tradeXYZ: live order book, 5 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, 3 min ago	3.53 bp	28.9 bp −$29	475.0 bp −$4,750	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	3.01 bp	13.9 bp −$14	29.0 bp −$290	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	−0.0002%	8h	1,163	+0.043%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,163.1	+0.055%	$23K	$3K	20x	as long as short
Bybit LLYUSDTlong	0.0000%	8h	1,162.5	long leg	$1.3M	$531K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.9	+0.124%	$790K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.9	+0.036%	$1.3M	$880K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.5	+0.089%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,162.8	+0.033%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.1	+0.055%	$221	$186K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.1	+0.055%	$2K	$5.9M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,161	−0.123%	$6K	$40K	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	1,162.5	+0.005%	$47K	$41K	5x	as long as short
Binance LLYUSDT	+0.0025%	8h	1,163.1	+0.054%	$2.0M	$3.1M	20x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,163.2	+0.066%	$1.2M	$4.3M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.6	+0.013%	—	—	25x	as long as short
tradeXYZ xyz:LLYshort	+0.0050%	1h	1,162.8	+0.029%	$8.7M	$1.2M	10x
Nado LLY-PERP	+0.0097%	1h	1,162.9	+0.034%	$39K	$251	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163	+0.046%	$137K	$73K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.1	+1.087%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0275%	1h	1,163.2	+0.064%	$1K	$7K	10x	as long as short