Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate+0.020%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1501.504% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.020%, 7d avg +0.053%

Together, before fees+0.121%+$12 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: OKX is 0.033% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,161	0	get 0.0000% / 8h	5h 28m	$1.3M	$635K	25x
Short	OKX LLY-USDT-SWAP	1,161.2	0	get 0.0000% / 8h	5h 28m	$811K	$556K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.053%: −$3.29
Slippage, 4 orders: −$125.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$153.74
Costs to cover: 1.504%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; OKX: live order book, 16 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 Gate live order book, 2 min ago	9.69 bp	58.0 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 16 min ago	0.43 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit

LLY on 19 exchanges

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
Nado LLY-PERP	−0.0318%	1h	1,163.4	+0.212%	$39K	$251	10x	as long as short
Bybit LLYUSDT	−0.0121%	8h	1,161	+0.003%	$1.4M	$492K	25x	as long as short
GRVT LLY_USDT_Perp	−0.0085%	8h	1,160.9	−0.009%	$244	$151K	10x	as long as short
BloFin LLY-USDT	−0.0018%	8h	1,161.8	+0.071%	$86K	$87K	20x	as long as short
Aftermath Perps LLYUSD	−0.0010%	1h	1,161.2	+0.016%	$47K	$50K	5x	as long as short
Aster LLYUSDT	0.0000%	8h	1,162.1	+0.100%	$23K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,161.9	+0.081%	$2.0M	$3.5M	20x	as long as short
OKX LLY-USDT-SWAPshort	0.0000%	8h	1,161.2	+0.020%	$811K	$556K	20x
Gate LLY_USDTlong	0.0000%	8h	1,161	long leg	$1.3M	$635K	25x
Bitget LLYUSDT	0.0000%	8h	1,162.4	+0.123%	$2.3M	$179K	20x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LLY	0.0000%	8h	1,160.8	−0.012%	$190K	$21K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,162	+0.089%	$1K	$4.7M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,159.6	−0.121%	$5K	$42K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,161.6	+0.051%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,162.2	+0.106%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0051%	8h	1,160.3	−0.058%	$140K	$244K	20x	as long as short
QFEX LLY-USD	+0.0058%	1h	1,161.5	+0.045%	$1.2M	$3.1M	10x	as long as short
Phoenix LLY	+0.0207%	1h	1,163.4	+0.209%	$1K	$9K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,160	−0.084%	$20K	$37K	12x	as long as short