Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h +0.023%

Price spread now: BloFin against QFEX+0.020%99s7-day average — · you sell dearer than you buy

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

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX LLY-USD	1,166.3	0.0075	pay 0.0009% / 1h	55m 20s	$1.2M	$3.0M	10x
Short	BloFin LLY-USDT	1,166.5	0.0000	pay 0.0000% / 8h	6h 55m	$84K	$85K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against QFEX. 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 QFEXbpFee BloFinbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$15.88
Price spread: +0.020% → 0.000%: $1.97
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.91
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; BloFin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 3 min ago	1.29 bp	7.4 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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-USDTshort	0.0000%	8h	1,166.5	+0.020%	$84K	$85K	20x
Aster LLYUSDT	0.0000%	8h	1,165.8	−0.044%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,166.6	+0.030%	$2.0M	$3.0M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.9	−0.036%	$1.3M	$291K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.8	+0.045%	$795K	$537K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.9	−0.030%	$1.3M	$588K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.3	+0.001%	$2.3M	$117K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166.5	+0.019%	$191K	$20K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,166.1	−0.011%	$210	$162K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.7	+0.037%	$1K	$5.0M	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	1,165.3	−0.087%	$5K	$42K	20x	as long as short
Aftermath Perps LLYUSD	+0.0016%	1h	1,165.6	−0.058%	$47K	$27K	5x	as long as short
Injective LLY/USDC PERP	+0.0033%	1h	1,177.7	+0.980%	$7K	$24K	12x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.5	−0.067%	—	—	25x	as long as short
QFEX LLY-USDlong	+0.0075%	1h	1,166.3	long leg	$1.2M	$3.0M	10x
KuCoin LLYUSDTM	+0.0100%	8h	1,165.4	−0.075%	$136K	$148K	20x	as long as short
Phoenix LLY	+0.0412%	1h	1,166.1	−0.015%	$1K	$7K	10x	as long as short
tradeXYZ xyz:LLY	+0.0552%	1h	1,165.6	−0.057%	$8.7M	$1.1M	10x	as long as short
Nado LLY-PERP	+0.0621%	1h	1,164.3	−0.165%	$39K	$251	10x	as long as short