Settings8H · net · $10k
Funding arb · Price arb /

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0160%/8h= −17.5% APRnext payment $0.20 per $10,000 · paid last 24h −0.071%
Price spread now: Vest against Phoenix−0.112%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.112% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix LLY1,163.40.0206pay 0.0026% / 1h23m 20s$1K$7K10x
ShortVest LLY-USD-PERP1,162.10.0046get 0.0006% / 1h23m 20s25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Phoenix. 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

Funding earned
−$33.6
Price spread: −0.112% → 0.000%
−$11.17
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
−$53.78
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; Vest: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell Vest no order-book sample
Phoenix and Vest: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LLYUSDT0.0000%8h1,162.9−0.046%$1.3M$581K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,163−0.034%$813K$577K20xas long as short
Gate LLY_USDT0.0000%8h1,162.9−0.045%$1.3M$899K25xas long as short
Bitget LLYUSDT0.0000%8h1,164+0.052%$2.3M$173K20xas long as short
GRVT LLY_USDT_Perp0.0000%8h1,162.9−0.041%$221$196K10xas long as short
SunX LLY-USDT0.0000%8h1,163−0.034%$2K$6.2M10xas long as short
HTX LLY-USDT0.0000%8h1,161.8−0.140%$6K$40K20xas long as short
QFEX LLY-USD+0.0004%1h1,163.2−0.021%$1.2M$5.1M10xas long as short
Aftermath Perps LLYUSD+0.0009%1h1,163.2−0.013%$47K$42K5xas long as short
Vest LLY-USD-PERPshort+0.0046%1h1,162.1−0.112%25x
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:LLY+0.0084%1h1,163.1−0.026%$8.6M$1.1M10xas long as short
Aster LLYUSDT+0.0085%8h1,163.2−0.021%$23K$3K20xas long as short
KuCoin LLYUSDTM+0.0100%8h1,163.1−0.026%$137K$75K20xas long as short
Variational Omni LLY+0.0110%8h1,162.8−0.048%$191K$17Kas long as short
Nado LLY-PERP+0.0116%1h1,162.7−0.061%$39K$25110xas long as short
Phoenix LLYlong+0.0206%1h1,163.4long leg$1K$7K10x
Injective LLY/USDC PERP+0.0220%1h1,176.6+1.135%$7K$24K12xas long as short
Binance LLYUSDT+0.0234%8h1,163.3−0.009%$2.0M$3.1M20xas long as short
BloFin LLY-USDT+0.0252%8h1,163.1−0.023%$84K$85K20xas long as short