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: SunX against OKX−0.043%7-day average +0.016% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1761.757% of the position

Long on OKX Short on SunX

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)+0.008%+$1 · spread now −0.043%, 7d avg +0.016%

Together, before fees−0.008%−$1 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 0.059% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LLY-USDT-SWAP	1,166.3	0	get 0.0000% / 8h	1h 01m	$790K	$567K	20x
Short	SunX LLY-USDT	1,165.8	0	get 0.0000% / 8h	1h 01m	$2K	$5.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.016%: −$5.85
Slippage, 4 orders: −$157.67
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$181.52
Costs to cover: 1.757%
Break-even: never at this rate

Slippage from OKX: live order book, 40 min ago; SunX: live order book, 8 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, 40 min ago	2.14 bp	20.6 bp −$21	404.9 bp −$4,049	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	46.70 bp	65.4 bp −$65	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
BloFin LLY-USDT	−0.0017%	8h	1,165.7	−0.051%	$84K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,166	−0.023%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.9	−0.032%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.9	−0.033%	$1.3M	$350K	25x	as long as short
OKX LLY-USDT-SWAPlong	0.0000%	8h	1,166.3	long leg	$790K	$567K	20x
Gate LLY_USDT	0.0000%	8h	1,165.4	−0.080%	$1.3M	$812K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.2	−0.006%	$2.3M	$167K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166.7	+0.037%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,166	−0.023%	$222	$176K	10x	as long as short
SunX LLY-USDTshort	0.0000%	8h	1,165.8	−0.043%	$2K	$5.7M	10x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,163.7	−0.221%	$6K	$41K	20x	as long as short
QFEX LLY-USD	+0.0012%	1h	1,165.8	−0.045%	$1.2M	$3.4M	10x	as long as short
Aftermath Perps LLYUSD	+0.0021%	1h	1,165.4	−0.077%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.9	−0.032%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.9	−0.034%	$137K	$67K	20x	as long as short
tradeXYZ xyz:LLY	+0.0124%	1h	1,165.6	−0.060%	$8.7M	$1.2M	10x	as long as short
Phoenix LLY	+0.0206%	1h	1,166.3	0.000%	$1K	$7K	10x	as long as short
Nado LLY-PERP	+0.0213%	1h	1,166	−0.024%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.7	+1.063%	$7K	$24K	12x	as long as short