Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: OKX against Injective−1.030%7-day average — · you buy dearer than you sell

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

Long on Injective Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 1.030% cheaper against Injective than usual: you would sell low and buy high (−$103 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LLY/USDC PERP	1,174.8	0.0220	pay 0.0028% / 1h	45m 20s	$7K	$24K	12x
Short	OKX LLY-USDT-SWAP	1,162.7	0	get 0.0000% / 8h	6h 45m	$792K	$637K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Injective. 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 InjectivebpFee OKXbpOrdersPrice spread, now −1.030%Rate

Funding earned: −$46.2
Price spread: −1.030% → 0.000%: −$103
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$159.22
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; OKX: live order book, 21 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 Injective no order-book sample	—	—	—	—	—
Sell OKX live order book, 21 min ago	3.44 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit

Injective: 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
Bybit LLYUSDT	0.0000%	8h	1,163.2	−0.990%	$1.3M	$582K	25x	as long as short
OKX LLY-USDT-SWAPshort	0.0000%	8h	1,162.7	−1.030%	$792K	$637K	20x
Gate LLY_USDT	0.0000%	8h	1,163	−1.003%	$1.3M	$900K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.7	−0.949%	$2.3M	$177K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,162.8	−1.021%	$244	$193K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.5	−0.962%	$2K	$6.1M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.5	−1.049%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0004%	1h	1,162.6	−1.040%	$47K	$42K	5x	as long as short
Aster LLYUSDT	+0.0017%	8h	1,163	−1.007%	$23K	$3K	20x	as long as short
QFEX LLY-USD	+0.0026%	1h	1,163.2	−0.985%	$1.2M	$4.8M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LLY	+0.0034%	8h	1,163.4	−0.966%	$191K	$17K	—	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,161.9	−1.100%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.1	−0.996%	$137K	$75K	20x	as long as short
tradeXYZ xyz:LLY	+0.0102%	1h	1,162.6	−1.038%	$8.6M	$1.2M	10x	as long as short
BloFin LLY-USDT	+0.0129%	8h	1,162.8	−1.024%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0143%	8h	1,163.4	−0.974%	$2.0M	$3.1M	20x	as long as short
Injective LLY/USDC PERPlong	+0.0220%	1h	1,174.8	long leg	$7K	$24K	12x
Nado LLY-PERP	+0.0265%	1h	1,162.6	−1.038%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0275%	1h	1,163.1	−0.996%	$1K	$7K	10x	as long as short