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 0.000%

Price spread now: Gate against SunX−0.004%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1661.660% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.004%, 7d avg −0.070%

Together, before fees−0.041%−$4 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 0.066% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LLY-USDT	1,166.6	0	get 0.0000% / 8h	0m 21s	$1K	$6.4M	10x
Short	Gate LLY_USDT	1,166.6	0	get 0.0000% / 8h	0m 21s	$1.3M	$901K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → −0.070%: $6.57
Slippage, 4 orders: −$142.97
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$159.4
Costs to cover: 1.660%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Gate: live order book, 2 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 Gate live order book, 2 min ago	8.75 bp	19.6 bp −$20	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 LLYUSDT	0.0000%	8h	1,166.4	−0.018%	$1.3M	$631K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,167.2	+0.051%	$819K	$573K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,166.6	−0.004%	$1.3M	$901K	25x
Bitget LLYUSDT	0.0000%	8h	1,167.1	+0.041%	$2.3M	$175K	20x	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,166.6	long leg	$1K	$6.4M	10x
HTX LLY-USDT	0.0000%	8h	1,164.7	−0.167%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0006%	1h	1,166.7	+0.009%	$47K	$42K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,166.2	−0.033%	$1.2M	$5.2M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166	−0.051%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.4	−0.017%	$8.6M	$1.1M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LLY-PERP	+0.0050%	1h	1,166.2	−0.031%	$39K	$251	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.7	+0.009%	$138K	$78K	20x	as long as short
Aster LLYUSDT	+0.0166%	8h	1,165.9	−0.063%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0180%	8h	1,166.6	0.000%	$191K	$17K	—	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.3	+1.003%	$10K	$21K	12x	as long as short
BloFin LLY-USDT	+0.0332%	8h	1,166.7	+0.011%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0340%	8h	1,166.6	−0.002%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,166.8	+0.017%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0456%	8h	1,166.3	−0.023%	$222	$203K	10x	as long as short