Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.021%

Price spread now: Variational Omni against Vest+0.001%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Variational Omni

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 · Variational Omni: Active · farm boardneeds 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: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest LLY-USD-PERP	1,165.5	0.0046	pay 0.0006% / 1h	44m 28s	—	—	25x
Short	Variational Omni LLY	1,165.5	0	get 0.0000% / 8h	2h 44m	$193K	$16K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.001%Rate

Funding earned: −$9.59
Price spread: +0.001% → 0.000%: $0.14
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.46
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	3.43 bp	doesn't fit	60.1 bp −$601	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	−0.0027%	8h	1,165.7	+0.023%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.7	+0.024%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.7	+0.018%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.6	+0.010%	$1.3M	$440K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.2	−0.022%	$790K	$570K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.2	−0.023%	$1.3M	$827K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.2	+0.064%	$2.3M	$169K	20x	as long as short
Variational Omni LLYshort	0.0000%	8h	1,165.5	+0.001%	$193K	$16K	—
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.6	+0.009%	$221	$182K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.6	+0.012%	$1K	$5.8M	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	1,163.9	−0.135%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0011%	1h	1,165.5	+0.003%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,165.4	−0.005%	$47K	$40K	5x	as long as short
tradeXYZ xyz:LLY	+0.0020%	1h	1,165.3	−0.014%	$8.7M	$1.2M	10x	as long as short
Vest LLY-USD-PERPlong	+0.0046%	1h	1,165.5	long leg	—	—	25x
KuCoin LLYUSDTM	+0.0100%	8h	1,165.4	−0.005%	$137K	$71K	20x	as long as short
Nado LLY-PERP	+0.0202%	1h	1,165.4	−0.005%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.5	+1.033%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.5	+0.089%	$1K	$7K	10x	as long as short