Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Bybit against SunX−0.026%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1701.697% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.026%, 7d avg +0.008%

Together, before fees+0.137%+$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: Bybit is 0.034% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LLY-USDT	1,166.7	0	get 0.0000% / 8h	0m 56s	$1K	$6.4M	10x
Short	Bybit LLYUSDT	1,166.4	0	get 0.0000% / 8h	0m 56s	$1.3M	$631K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.008%: −$3.41
Slippage, 4 orders: −$150.71
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$173.11
Costs to cover: 1.697%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Bybit: 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 SunX live order book, 8 min ago	45.44 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.16 bp	19.1 bp −$19	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
Bybit LLYUSDTshort	0.0000%	8h	1,166.4	−0.026%	$1.3M	$631K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.2	−0.043%	$818K	$572K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.6	−0.011%	$1.3M	$901K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,167	+0.027%	$2.3M	$175K	20x	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,166.7	long leg	$1K	$6.4M	10x
HTX LLY-USDT	0.0000%	8h	1,165.7	−0.083%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0006%	1h	1,166.7	0.000%	$47K	$42K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,166.3	−0.035%	$1.2M	$5.2M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.3	−0.038%	—	—	25x	as long as short
Nado LLY-PERP	+0.0047%	1h	1,166.4	−0.022%	$39K	$251	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.4	−0.026%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.7	0.000%	$138K	$78K	20x	as long as short
Aster LLYUSDT	+0.0164%	8h	1,166.2	−0.039%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0180%	8h	1,166.6	−0.009%	$191K	$17K	—	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.3	+0.994%	$10K	$21K	12x	as long as short
BloFin LLY-USDT	+0.0332%	8h	1,166.7	+0.003%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0339%	8h	1,166.7	0.000%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,166.8	+0.009%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0456%	8h	1,166.3	−0.031%	$222	$203K	10x	as long as short