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: Gate against OKX+0.034%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1341.341% of the position

Long on OKX Short on Gate

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)−0.236%−$24 · spread now +0.034%, 7d avg −0.053%

Together, before fees−0.251%−$25 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: Gate is 0.087% dearer against OKX than usual: you sell high and buy low, +$9 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	OKX LLY-USDT-SWAP	1,163.6	0	get 0.0000% / 8h	3h 52m	$789K	$645K	20x
Short	Gate LLY_USDT	1,164	0	get 0.0000% / 8h	3h 52m	$1.3M	$852K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.053%: $8.73
Slippage, 4 orders: −$109.08
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$125.35
Costs to cover: 1.341%
Break-even: never at this rate

Slippage from OKX: live order book, 64 min ago; Gate: live order book, 5 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, 64 min ago	5.16 bp	14.0 bp −$14	325.9 bp −$3,259	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	9.11 bp	63.6 bp −$64	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
Aster LLYUSDT	0.0000%	8h	1,164.4	+0.070%	$24K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,163.7	+0.010%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAPlong	0.0000%	8h	1,163.6	long leg	$789K	$645K	20x
Gate LLY_USDTshort	0.0000%	8h	1,164	+0.034%	$1.3M	$852K	25x
Bitget LLYUSDT	0.0000%	8h	1,164.7	+0.094%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,164.3	+0.063%	$192K	$17K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.4	+0.069%	$1K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.1	−0.047%	$5K	$41K	20x	as long as short
Binance LLYUSDT	+0.0014%	8h	1,164.5	+0.078%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0028%	8h	1,164.7	+0.098%	$83K	$85K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0028%	1h	1,163.4	−0.017%	$47K	$41K	5x	as long as short
GRVT LLY_USDT_Perp	+0.0038%	8h	1,164.2	+0.052%	$221	$185K	10x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,164.5	+0.075%	$1.2M	$4.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.8	−0.072%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.8	+0.017%	$137K	$74K	20x	as long as short
tradeXYZ xyz:LLY	+0.0165%	1h	1,163.6	0.000%	$8.7M	$1.2M	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.3	+1.091%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0344%	1h	1,164.3	+0.060%	$1K	$7K	10x	as long as short
Nado LLY-PERP	+0.0534%	1h	1,162.4	−0.102%	$39K	$251	10x	as long as short