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: SunX against Gate+0.271%53s7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1771.771% of the position

Long on Gate 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 4 days (all we have)−0.213%−$21 · spread now +0.271%, 7d avg +0.064%

Together, before fees−0.213%−$21 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 0.208% dearer against Gate than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.064%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,146.1	0	get 0.0000% / 8h	4h 50m	$1.3M	$634K	25x
Short	SunX LLY-USDT	1,149.2	0	get 0.0000% / 8h	4h 50m	$1K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.271%Rate

Funding earned: $0
Price spread: +0.271% → +0.064%: $20.78
Slippage, 4 orders: −$154.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$156.35
Costs to cover: 1.771%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; SunX: live order book, 11 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, 5 min ago	9.65 bp	25.5 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	46.42 bp	65.1 bp −$65	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
Bybit LLYUSDT	−0.0057%	8h	1,146.4	+0.031%	$1.4M	$576K	25x	as long as short
Aftermath Perps LLYUSD	−0.0018%	1h	1,155.6	+0.827%	$47K	$51K	5x	as long as short
Aster LLYUSDT	0.0000%	8h	1,148.2	+0.181%	$23K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,148.5	+0.206%	$2.0M	$3.8M	20x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,146.3	+0.018%	$817K	$567K	20x	as long as short
Gate LLY_USDTlong	0.0000%	8h	1,146.1	long leg	$1.3M	$634K	25x
Bitget LLYUSDT	0.0000%	8h	1,148.5	+0.209%	$2.3M	$317K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,148.4	+0.203%	$188K	$21K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,161.9	+1.384%	$221	$150K	10x	as long as short
SunX LLY-USDTshort	0.0000%	8h	1,149.2	+0.271%	$1K	$4.5M	10x

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,161.8	+1.369%	$6K	$42K	20x	as long as short
BloFin LLY-USDT	+0.0006%	8h	1,149.2	+0.267%	$86K	$86K	20x	as long as short
QFEX LLY-USD	+0.0013%	1h	1,147.4	+0.114%	$1.2M	$3.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0027%	8h	1,147.3	+0.106%	$145K	$287K	20x	as long as short
Injective LLY/USDC PERP	+0.0033%	1h	1,160	+1.214%	$20K	$37K	12x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,146.6	+0.041%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,146.5	+0.036%	$8.7M	$1.3M	10x	as long as short
Phoenix LLY	+0.0069%	1h	1,163.2	+1.493%	$1K	$9K	10x	as long as short
Nado LLY-PERP	+0.0097%	1h	1,146.9	+0.069%	$38K	$251	10x	as long as short