Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget−0.060%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1561.564% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.060%, 7d avg −0.035%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,166.3	0	get 0.0000% / 8h	7h 56m	$2.3M	$178K	20x
Short	SunX LLY-USDT	1,165.6	0	get 0.0000% / 8h	7h 56m	$1K	$6.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.035%: −$2.52
Slippage, 4 orders: −$136.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$158.93
Costs to cover: 1.564%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; SunX: live order book, 13 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 Bitget live order book, 1 min ago	5.83 bp	15.2 bp −$15	37.2 bp −$372	doesn't fit	doesn't fit
Sell SunX live order book, 13 min ago	45.44 bp	64.6 bp −$65	doesn't fit	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
Bybit LLYUSDT	−0.0152%	8h	1,166.1	−0.017%	$1.3M	$625K	25x	as long as short
Nado LLY-PERP	−0.0023%	1h	1,166.1	−0.018%	$39K	$251	10x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.4	−0.077%	$817K	$575K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.6	−0.057%	$1.3M	$895K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,166.3	long leg	$2.3M	$178K	20x
SunX LLY-USDTshort	0.0000%	8h	1,165.6	−0.060%	$1K	$6.4M	10x
HTX LLY-USDT	0.0000%	8h	1,166.8	+0.046%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0004%	1h	1,165.7	−0.053%	$1.2M	$5.2M	10x	as long as short
Aftermath Perps LLYUSD	+0.0008%	1h	1,166.1	−0.019%	$47K	$42K	5x	as long as short
tradeXYZ xyz:LLY	+0.0012%	1h	1,165.7	−0.051%	$8.6M	$1.1M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERP	+0.0046%	1h	1,166.1	−0.014%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.2	−0.009%	$137K	$77K	20x	as long as short
Aster LLYUSDT	+0.0164%	8h	1,167.1	+0.065%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0179%	8h	1,165.5	−0.065%	$191K	$17K	—	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.3	+1.029%	$10K	$21K	12x	as long as short
Binance LLYUSDT	+0.0331%	8h	1,166.1	−0.016%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,167.1	+0.069%	$1K	$7K	10x	as long as short
BloFin LLY-USDT	+0.0351%	8h	1,165.5	−0.067%	$84K	$84K	20x	as long as short
GRVT LLY_USDT_Perp	+0.0466%	8h	1,166.7	+0.032%	$222	$203K	10x	as long as short