Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.035%

Price spread now: Variational Omni against Gate+0.013%7-day average +0.052% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.013%, 7d avg +0.052%

Together, before fees+0.124%+ Points / potential airdropVariational Omni: Active · farm board+$12 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: Variational Omni is 0.040% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,165	0	get 0.0000% / 8h	3h 20m	$1.3M	$853K	25x
Short	Variational Omni LLY	1,165.1	0	get 0.0000% / 8h	3h 20m	$192K	$16K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.052%: −$3.95
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.95
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Variational Omni: RFQ quote, 34 min ago. Net counts fees only.

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, 2 min ago	7.39 bp	24.7 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 34 min ago	6.22 bp	doesn't fit	42.7 bp −$427	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	−0.0025%	8h	1,165.6	+0.052%	$83K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.3	+0.026%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.3	+0.030%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,164.9	−0.003%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.9	−0.005%	$790K	$605K	20x	as long as short
Gate LLY_USDTlong	0.0000%	8h	1,165	long leg	$1.3M	$853K	25x
Bitget LLYUSDT	0.0000%	8h	1,165.5	+0.046%	$2.3M	$169K	20x	as long as short
Variational Omni LLYshort	0.0000%	8h	1,165.1	+0.013%	$192K	$16K	—
GRVT LLY_USDT_Perp	0.0000%	8h	1,164.9	−0.002%	$256	$184K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.3	+0.029%	$2K	$5.8M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,162.7	−0.194%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0017%	1h	1,164.4	−0.052%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,165.1	+0.015%	$1.2M	$4.0M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.6	−0.027%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0096%	1h	1,164.5	−0.039%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.9	−0.005%	$137K	$72K	20x	as long as short
Nado LLY-PERP	+0.0193%	1h	1,164.8	−0.016%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+0.931%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0344%	1h	1,165	+0.003%	$1K	$7K	10x	as long as short