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

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0229%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h +0.067%
Price spread now: Phoenix against Vest+0.094%58s7-day average · you sell dearer than you buy
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 4 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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.094% dearer against Vest than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest LLY-USD-PERP1,163.80.0046pay 0.0006% / 1h7m 44s25x
ShortPhoenix LLY1,164.90.0274get 0.0034% / 1h7m 44s$1K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$48.03
Price spread: +0.094% → 0.000%
$9.37
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$48.39
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; Phoenix: 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 Vest no order-book sample
Sell Phoenix no order-book sample
Vest and Phoenix: 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
Aster LLYUSDT0.0000%8h1,164.5+0.061%$24K$3K20xas long as short
Binance LLYUSDT0.0000%8h1,164.8+0.088%$2.0M$3.1M20xas long as short
Bybit LLYUSDT0.0000%8h1,164+0.020%$1.3M$346K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,164.8+0.085%$795K$571K20xas long as short
Gate LLY_USDT0.0000%8h1,165+0.101%$1.3M$758K25xas long as short
Bitget LLYUSDT0.0000%8h1,166+0.188%$2.3M$166K20xas long as short
Variational Omni LLY0.0000%8h1,165.1+0.113%$193K$18Kas long as short
GRVT LLY_USDT_Perp0.0000%8h1,165.1+0.107%$221$171K10xas long as short
SunX LLY-USDT0.0000%8h1,165.1+0.111%$2K$5.6M10xas long as short
HTX LLY-USDT0.0000%8h1,163.6−0.017%$5K$42K20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin LLY-USDT+0.0009%8h1,165.1+0.112%$84K$85K20xas long as short
QFEX LLY-USD+0.0022%1h1,165+0.103%$1.2M$3.1M10xas long as short
Aftermath Perps LLYUSD+0.0028%1h1,165+0.103%$47K$40K5xas long as short
Vest LLY-USD-PERPlong+0.0046%1h1,163.8long leg25x
tradeXYZ xyz:LLY+0.0095%1h1,164.5+0.059%$8.7M$1.2M10xas long as short
KuCoin LLYUSDTM+0.0100%8h1,164.4+0.051%$136K$73K20xas long as short
Injective LLY/USDC PERP+0.0220%1h1,177.7+1.193%$7K$24K12xas long as short
Nado LLY-PERP+0.0244%1h1,164+0.017%$39K$25110xas long as short
Phoenix LLYshort+0.0274%1h1,164.9+0.094%$1K$7K10x