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

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0399%/8h= +43.7% APRnext payment +$3.99 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against SunX−0.002%74s7-day average −0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.183%+$18 on $10k
Price spread, last 3 days (all we have)+0.005%+$1 · spread now −0.002%, 7d avg −0.005%
Together, before fees+0.188%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX LLY-USDT1,166.70get 0.0000% / 8h1h 29m$1K$6.6M10x
ShortGRVT LLY_USDT_Perp1,166.70.0399get 0.0399% / 8h1h 29m$910$209K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$83.79
Price spread: −0.002% → −0.005%
$0.31
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$67.1
Costs to cover
0.170%
Break-even
1.4 days
Slippage unknown: SunX: live order book, 9 min ago; GRVT: live order book, 52 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago45.02 bp63.0 bp −$63doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 52 min ago3.00 bpdoesn't fitdoesn'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
QFEX LLY-USD−0.0006%1h1,166.4−0.022%$1.2M$5.0M10xas long as short
Aster LLYUSDT0.0000%8h1,165.9−0.070%$24K$3K20xas long as short
Bybit LLYUSDT0.0000%8h1,166.2−0.039%$1.3M$637K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,166.3−0.034%$820K$562K20xas long as short
Gate LLY_USDT0.0000%8h1,166.5−0.019%$1.3M$909K25xas long as short
Bitget LLYUSDT0.0000%8h1,167+0.027%$2.3M$176K20xas long as short
SunX LLY-USDTlong0.0000%8h1,166.7long leg$1K$6.6M10x
HTX LLY-USDT0.0000%8h1,165.1−0.137%$5K$40K20xas long as short
Aftermath Perps LLYUSD+0.0011%1h1,166.6−0.011%$47K$41K5xas long as short
Variational Omni LLY+0.0034%8h1,166.7−0.002%$191K$19Kas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest LLY-USD-PERP+0.0046%1h1,166.2−0.045%25xas long as short
tradeXYZ xyz:LLY+0.0050%1h1,166.6−0.009%$8.6M$1.1M10xas long as short
KuCoin LLYUSDTM+0.0100%8h1,166.6−0.009%$139K$56K20xas long as short
Nado LLY-PERP+0.0177%1h1,166.3−0.033%$39K$25110xas long as short
BloFin LLY-USDT+0.0187%8h1,166.7−0.003%$84K$84K20xas long as short
Binance LLYUSDT+0.0200%8h1,166.6−0.012%$2.0M$3.1M20xas long as short
Injective LLY/USDC PERP+0.0220%1h1,177.9+0.960%$10K$21K12xas long as short
Phoenix LLY+0.0274%1h1,166.3−0.034%$1K$7K10xas long as short
GRVT LLY_USDT_Perpshort+0.0399%8h1,166.7−0.002%$910$209K10x