Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Gate against Vest−0.021%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Gate

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 days—no 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 −$1 a day on $10k at the current rate, and Gate is 0.021% cheaper against Vest than usual: you would sell low and buy high (−$2 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	Vest LLY-USD-PERP	1,163.9	0.0046	pay 0.0006% / 1h	44m 06s	—	—	25x
Short	Gate LLY_USDT	1,163.6	0	get 0.0000% / 8h	3h 44m	$1.3M	$852K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Vest. 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 VestbpFee GatebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$9.59
Price spread: −0.021% → 0.000%: −$2.15
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.74
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	7.52 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin LLY-USDT	−0.0020%	8h	1,164.1	+0.018%	$83K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,164.3	+0.035%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,164	+0.011%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,164	+0.013%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.6	−0.024%	$789K	$635K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,163.6	−0.021%	$1.3M	$852K	25x
Bitget LLYUSDT	0.0000%	8h	1,164.6	+0.062%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.9	−0.001%	$192K	$16K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,164	+0.010%	$1K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.6	−0.109%	$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
Aftermath Perps LLYUSD	+0.0023%	1h	1,163.4	−0.043%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,164.1	+0.018%	$1.2M	$4.1M	10x	as long as short
Vest LLY-USD-PERPlong	+0.0046%	1h	1,163.9	long leg	—	—	25x
GRVT LLY_USDT_Perp	+0.0057%	8h	1,164.4	+0.045%	$233	$185K	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.1	+0.019%	$137K	$74K	20x	as long as short
tradeXYZ xyz:LLY	+0.0144%	1h	1,163.8	−0.007%	$8.7M	$1.2M	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.3	+1.067%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0283%	1h	1,163.9	+0.002%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0344%	1h	1,164.3	+0.036%	$1K	$7K	10x	as long as short