Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.012%

Price spread now: HTX against QFEX−0.120%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on HTX

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.120% cheaper against QFEX than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX LLY-USD	1,163.8	0.0035	pay 0.0004% / 1h	8m 21s	$1.2M	$4.2M	10x
Short	HTX LLY-USDT	1,162.4	0	get 0.0000% / 8h	4h 08m	$5K	$41K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$7.38
Price spread: −0.120% → 0.000%: −$12.03
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.4
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 min ago; HTX: 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, 5 min ago	2.11 bp	7.8 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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	−0.0003%	8h	1,164	+0.018%	$83K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,164.2	+0.030%	$24K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,163.4	−0.039%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.3	−0.044%	$789K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.4	−0.034%	$1.3M	$882K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164.1	+0.021%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.5	−0.023%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164.1	+0.027%	$221	$186K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.5	+0.059%	$2K	$5.8M	10x	as long as short
HTX LLY-USDTshort	0.0000%	8h	1,162.4	−0.120%	$5K	$41K	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance LLYUSDT	+0.0010%	8h	1,164.5	+0.062%	$2.0M	$3.1M	20x	as long as short
Aftermath Perps LLYUSD	+0.0022%	1h	1,163	−0.067%	$47K	$41K	5x	as long as short
QFEX LLY-USDlong	+0.0035%	1h	1,163.8	long leg	$1.2M	$4.2M	10x
Vest LLY-USD-PERP	+0.0046%	1h	1,162.8	−0.088%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0051%	1h	1,163.7	−0.009%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.8	−0.001%	$137K	$74K	20x	as long as short
Nado LLY-PERP	+0.0156%	1h	1,163.5	−0.030%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.2	+1.065%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0275%	1h	1,163.6	−0.018%	$1K	$7K	10x	as long as short