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 HTX+0.082%7-day average — · you sell dearer than you buy

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

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.082% dearer against HTX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LLY-USDT	1,163.1	0	get 0.0000% / 8h	3h 37m	$5K	$41K	20x
Short	tradeXYZ xyz:LLY	1,164	0.0163	get 0.0020% / 1h	37m 43s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now +0.082%Rate

Funding earned: $34.18
Price spread: +0.082% → 0.000%: $8.17
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $12.35
Costs to cover: 0.300%
Break-even: 4.5 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 11 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 11 min ago	2.15 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.121%	$83K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,164.3	+0.109%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,164.5	+0.121%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,164.1	+0.094%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.1	+0.090%	$789K	$617K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164	+0.082%	$1.3M	$852K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164.8	+0.153%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,164.4	+0.117%	$192K	$16K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.6	+0.133%	$1K	$5.8M	10x	as long as short
HTX LLY-USDTlong	0.0000%	8h	1,163.1	long leg	$5K	$41K	20x

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	+0.073%	$47K	$41K	5x	as long as short
GRVT LLY_USDT_Perp	+0.0031%	8h	1,164.4	+0.113%	$245	$185K	10x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,164.4	+0.118%	$1.2M	$4.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.1	+0.087%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.2	+0.099%	$137K	$73K	20x	as long as short
tradeXYZ xyz:LLYshort	+0.0163%	1h	1,164	+0.082%	$8.7M	$1.2M	10x
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+1.096%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0233%	1h	1,163.9	+0.072%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0344%	1h	1,164.4	+0.116%	$1K	$7K	10x	as long as short