Settings8H · net · $10k
Funding arb · Price arb /

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against OKX+0.043%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$856as in the Funding arb table
Net, price: spread back to 7d avg − costs−$865as in the Price arb table
costs, in and out, $10k−$8698.695% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.132%+$13 on $10k
Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.043%, 7d avg −0.004%
Together, before fees+0.024%+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.047% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX LLY-USDT-SWAP1,1650get 0.0000% / 8h2h 03m$789K$569K20x
ShortKuCoin LLYUSDTM1,165.50.0100get 0.0100% / 8h2h 03m$139K$71K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: +0.043% → −0.004%
$4.74
Slippage, 4 orders
−$847.49
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$843.75
Costs to cover
8.695%
Break-even
288.3 days
Slippage from OKX: live order book, 43 min ago; KuCoin: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 43 min ago0.43 bp19.0 bp −$19361.8 bp −$3,618doesn't fitdoesn't fit
Sell KuCoin live order book, 46 min ago10.30 bp459.0 bp −$459doesn't fitdoesn't fitdoesn't fit

LLY on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster LLYUSDT0.0000%8h1,165.6+0.053%$24K$3K20xas long as short
Binance LLYUSDT0.0000%8h1,165.5+0.046%$2.0M$3.2M20xas long as short
Bybit LLYUSDT0.0000%8h1,165.4+0.033%$1.3M$401K25xas long as short
OKX LLY-USDT-SWAPlong0.0000%8h1,165long leg$789K$569K20x
Gate LLY_USDT0.0000%8h1,165.5+0.045%$1.3M$833K25xas long as short
Bitget LLYUSDT0.0000%8h1,165.8+0.066%$2.3M$169K20xas long as short
Variational Omni LLY0.0000%8h1,165.5+0.045%$193K$18Kas long as short
GRVT LLY_USDT_Perp0.0000%8h1,165.5+0.040%$210$179K10xas long as short
SunX LLY-USDT0.0000%8h1,165.6+0.052%$2K$5.8M10xas long as short
HTX LLY-USDT0.0000%8h1,164.3−0.063%$5K$41K20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX LLY-USD+0.0011%1h1,165.5+0.046%$1.2M$3.7M10xas long as short
Aftermath Perps LLYUSD+0.0019%1h1,165.1+0.009%$47K$40K5xas long as short
BloFin LLY-USDT+0.0026%8h1,165.4+0.038%$83K$86K20xas long as short
Vest LLY-USD-PERP+0.0046%1h1,165−0.003%25xas long as short
tradeXYZ xyz:LLY+0.0050%1h1,165.3+0.026%$8.7M$1.2M10xas long as short
KuCoin LLYUSDTMshort+0.0100%8h1,165.5+0.043%$139K$71K20x
Injective LLY/USDC PERP+0.0220%1h1,178+1.116%$7K$24K12xas long as short
Nado LLY-PERP+0.0227%1h1,165.1+0.012%$39K$25110xas long as short
Phoenix LLY+0.0274%1h1,166.4+0.120%$1K$7K10xas long as short