Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.029%

Price spread now: Bitget against tradeXYZ+0.053%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$590.590% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.288%−$29 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.053%, 7d avg +0.094%

Together, before fees−0.290%+ Points / potential airdroptradeXYZ: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.040% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.094%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:LLY	1,165.1	0.0050	pay 0.0006% / 1h	9m 35s	$8.7M	$1.2M	10x
Short	Bitget LLYUSDT	1,165.7	0	get 0.0000% / 8h	2h 09m	$2.3M	$169K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$10.5
Price spread: +0.053% → +0.094%: −$4.04
Slippage, 4 orders: −$29.04
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$73.58
Costs to cover: 0.590%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; Bitget: live order book, 3 min ago.

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 tradeXYZ live order book, 9 min ago	2.57 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	6.60 bp	16.3 bp −$16	43.9 bp −$439	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
Aster LLYUSDT	0.0000%	8h	1,165.5	+0.033%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.9	+0.065%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.2	+0.009%	$1.3M	$401K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165	−0.009%	$789K	$569K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.3	+0.013%	$1.3M	$833K	25x	as long as short
Bitget LLYUSDTshort	0.0000%	8h	1,165.7	+0.053%	$2.3M	$169K	20x
Variational Omni LLY	0.0000%	8h	1,165.5	+0.036%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.5	+0.033%	$210	$180K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.6	+0.043%	$2K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.2	−0.076%	$5K	$41K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0011%	1h	1,165.6	+0.040%	$1.2M	$3.7M	10x	as long as short
Aftermath Perps LLYUSD	+0.0018%	1h	1,165.3	+0.013%	$47K	$40K	5x	as long as short
BloFin LLY-USDT	+0.0028%	8h	1,165.6	+0.045%	$83K	$86K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165	−0.012%	—	—	25x	as long as short
tradeXYZ xyz:LLYlong	+0.0050%	1h	1,165.1	long leg	$8.7M	$1.2M	10x
KuCoin LLYUSDTM	+0.0100%	8h	1,165.2	+0.009%	$139K	$71K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178	+1.107%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0222%	1h	1,164.7	−0.031%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.8	+0.060%	$1K	$7K	10x	as long as short