Eli Lilly (LLY)
Perp: LLY on HL · Hedge: LLY (Stock)
Funding (ann.)
+5.5%
Basis
+0.20%
Open interest
$5,919,584
Status
delayed
Research note: funding below research threshold
Funding rate — annualized, 6049 settlement snapshots
Timezone: UTC · Units: % annualized · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T10:45:01+00:00
Basis — (perp mark − hedge) / hedge
Timezone: UTC · Units: % · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T10:45:01+00:00
Open interest — historical liquidity
Timezone: UTC · Units: USD notional · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T10:45:01+00:00
Persistence
0% of snapshots over the trailing 168h met the research condition: FR >= 100% APR, 7-day window.
Relevant paper trades
| Opened | Direction | Status | Net P&L | All-in P&L | Close reason |
|---|---|---|---|---|---|
| 2026-05-27 01:49 UTC | short_hl_long_ib | closed | -$16.56 | — | emergency FR=-486% |
| 2026-05-22 17:04 UTC | short_hl_long_ib | closed | -$14.96 | — | direction flip (FR went negative) |
Known limitations
- The hedge leg only trades during its market's own hours; the perp trades 24/7 — see Methodology for how naked-leg windows are handled.
- Funding and basis figures are delayed, not real-time — see the status strip at the top of every page.