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 0.000%

Price spread now: Bitget against Gate+0.033%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.033%, 7d avg +0.116%

Together, before fees+0.037%+$4 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 0.083% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,166.2	0	get 0.0000% / 8h	1h 12m	$1.3M	$910K	25x
Short	Bitget LLYUSDT	1,166.6	0	get 0.0000% / 8h	1h 12m	$2.3M	$176K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.116%: −$8.29
Slippage, 4 orders: −$40.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$76.23
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bitget: 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 Gate live order book, 5 min ago	8.32 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.77 bp	10.7 bp −$11	41.2 bp −$412	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	1,166	−0.013%	$1.2M	$5.0M	10x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.1	−0.003%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.1	−0.005%	$819K	$564K	20x	as long as short
Gate LLY_USDTlong	0.0000%	8h	1,166.2	long leg	$1.3M	$910K	25x
Bitget LLYUSDTshort	0.0000%	8h	1,166.6	+0.033%	$2.3M	$176K	20x
SunX LLY-USDT	0.0000%	8h	1,166.2	+0.003%	$2K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.2	−0.170%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0011%	1h	1,166.2	+0.003%	$47K	$41K	5x	as long as short
Aster LLYUSDT	+0.0012%	8h	1,165.9	−0.023%	$24K	$3K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	0.000%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.3	+0.012%	$8.6M	$1.1M	10x	as long as short
Variational Omni LLY	+0.0064%	8h	1,166.4	+0.018%	$191K	$19K	—	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.1	−0.005%	$139K	$56K	20x	as long as short
Nado LLY-PERP	+0.0149%	1h	1,166.2	+0.002%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.6	+1.067%	$10K	$21K	12x	as long as short
BloFin LLY-USDT	+0.0223%	8h	1,166.1	−0.006%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0234%	8h	1,166.3	+0.011%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0274%	1h	1,167	+0.072%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0437%	8h	1,166.3	+0.008%	$875	$208K	10x	as long as short