Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.010%

Price spread now: OKX against QFEX+0.021%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.021%, 7d avg −0.008%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.029% dearer against QFEX than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.008%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX LLY-USD	1,165.3	0.0022	pay 0.0003% / 1h	14m 05s	$1.2M	$3.2M	10x
Short	OKX LLY-USDT-SWAP	1,165.5	0	get 0.0000% / 8h	14m 05s	$795K	$571K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against QFEX. 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 QFEXbpFee OKXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$4.57
Price spread: +0.021% → −0.008%: $2.9
Slippage, 4 orders: −$42.81
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$64.48
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; OKX: live order book, 22 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 QFEX live order book, 4 min ago	2.10 bp	7.9 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell OKX live order book, 22 min ago	3.86 bp	35.1 bp −$35	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	−0.0021%	8h	1,165.4	+0.013%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.1	−0.016%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.2	−0.006%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.1	−0.015%	$1.3M	$346K	25x	as long as short
OKX LLY-USDT-SWAPshort	0.0000%	8h	1,165.5	+0.021%	$795K	$571K	20x
Gate LLY_USDT	0.0000%	8h	1,165.1	−0.014%	$1.3M	$758K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.1	+0.075%	$2.3M	$166K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.3	+0.001%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.5	+0.019%	$221	$172K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.3	+0.004%	$1K	$5.6M	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	−0.062%	$5K	$42K	20x	as long as short
QFEX LLY-USDlong	+0.0022%	1h	1,165.3	long leg	$1.2M	$3.2M	10x
Aftermath Perps LLYUSD	+0.0025%	1h	1,165.3	+0.005%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.3	−0.078%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0080%	1h	1,165.3	+0.004%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.1	−0.013%	$137K	$72K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.068%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0241%	1h	1,164.5	−0.067%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.9	+0.056%	$1K	$7K	10x	as long as short