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: Bitget against OKX+0.073%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$770.767% of the position

Long on OKX Short on Bitget

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)−0.128%−$13 · spread now +0.073%, 7d avg +0.046%

Together, before fees−0.144%−$14 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: Bitget is 0.026% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LLY-USDT-SWAP	1,165.3	0	get 0.0000% / 8h	3h 00m	$790K	$591K	20x
Short	Bitget LLYUSDT	1,166.2	0	get 0.0000% / 8h	3h 00m	$2.3M	$169K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.046%: $2.65
Slippage, 4 orders: −$54.72
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$74.07
Costs to cover: 0.767%
Break-even: never at this rate

Slippage from OKX: live order book, 50 min ago; Bitget: live order book, 1 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 OKX live order book, 50 min ago	2.58 bp	19.5 bp −$20	390.6 bp −$3,906	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.07 bp	10.7 bp −$11	47.4 bp −$474	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
BloFin LLY-USDT	−0.0004%	8h	1,165.6	+0.025%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.6	+0.029%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.8	+0.046%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.7	+0.037%	$1.3M	$526K	25x	as long as short
OKX LLY-USDT-SWAPlong	0.0000%	8h	1,165.3	long leg	$790K	$591K	20x
Gate LLY_USDT	0.0000%	8h	1,165.4	+0.012%	$1.3M	$855K	25x	as long as short
Bitget LLYUSDTshort	0.0000%	8h	1,166.2	+0.073%	$2.3M	$169K	20x
Variational Omni LLY	0.0000%	8h	1,165.6	+0.029%	$193K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.7	+0.033%	$256	$182K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.8	+0.043%	$2K	$5.8M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,164.5	−0.066%	$6K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,165.4	+0.006%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,165.6	+0.025%	$1.2M	$3.9M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.5	+0.014%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.3	0.000%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.5	+0.017%	$137K	$72K	20x	as long as short
Nado LLY-PERP	+0.0182%	1h	1,165.4	+0.008%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.8	+0.987%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0344%	1h	1,166.4	+0.094%	$1K	$7K	10x	as long as short