Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h +0.030%

Price spread now: tradeXYZ against Gate0.000%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1561.559% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.288%+$29 on $10k

Price spread, last 7 days+0.086%+$9 · spread now 0.000%, 7d avg +0.022%

Together, before fees+0.375%+ Points / potential airdroptradeXYZ: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.022% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.022%). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,164	0	get 0.0000% / 8h	3h 38m	$1.3M	$852K	25x
Short	tradeXYZ xyz:LLY	1,164	0.0163	get 0.0020% / 1h	38m 18s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now 0.000%Rate

Funding earned: $34.2
Price spread: 0.000% → +0.022%: −$2.22
Slippage, 4 orders: −$122.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$123.97
Costs to cover: 1.559%
Break-even: 32.4 days

Slippage from Gate: live order book, 4 min ago; tradeXYZ: live order book, 10 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, 4 min ago	9.62 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	2.15 bp	12.9 bp −$13	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
BloFin LLY-USDT	−0.0024%	8h	1,164.5	+0.040%	$83K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,164.3	+0.028%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,164.6	+0.052%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,164.1	+0.012%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.9	−0.009%	$789K	$617K	20x	as long as short
Gate LLY_USDTlong	0.0000%	8h	1,164	long leg	$1.3M	$852K	25x
Bitget LLYUSDT	0.0000%	8h	1,164.8	+0.071%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,164.4	+0.035%	$192K	$16K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.6	+0.052%	$1K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.1	−0.082%	$5K	$41K	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	+0.0022%	1h	1,163.9	−0.008%	$47K	$41K	5x	as long as short
GRVT LLY_USDT_Perp	+0.0031%	8h	1,164.4	+0.031%	$245	$185K	10x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,164.4	+0.036%	$1.2M	$4.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.1	+0.005%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.2	+0.017%	$137K	$74K	20x	as long as short
tradeXYZ xyz:LLYshort	+0.0163%	1h	1,164	0.000%	$8.7M	$1.2M	10x
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+1.014%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0233%	1h	1,163.9	−0.009%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0344%	1h	1,164.4	+0.034%	$1K	$7K	10x	as long as short