Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit+0.054%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1761.764% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.054%, 7d avg −0.005%

Together, before fees−0.176%−$18 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% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,159.5	0	get 0.0000% / 8h	6h 08m	$1.4M	$423K	25x
Short	SunX LLY-USDT	1,160.1	0	get 0.0000% / 8h	6h 08m	$2K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → −0.005%: $5.88
Slippage, 4 orders: −$157.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$170.53
Costs to cover: 1.764%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; SunX: live order book, 3 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 Bybit live order book, just now	1.21 bp	32.0 bp −$32	405.0 bp −$4,050	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	45.25 bp	64.1 bp −$64	doesn't fit	doesn't fit	doesn't fit

LLY on 19 exchanges

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
Nado LLY-PERP	−0.0040%	1h	1,161.5	+0.174%	$39K	$251	10x	as long as short
BloFin LLY-USDT	−0.0007%	8h	1,160.3	+0.068%	$38K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,160.9	+0.120%	$23K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,160.3	+0.071%	$2.0M	$3.3M	20x	as long as short
Bybit LLYUSDTlong	0.0000%	8h	1,159.5	long leg	$1.4M	$423K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,158.1	−0.118%	$803K	$578K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,159.8	+0.024%	$1.3M	$619K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,160.6	+0.095%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,159.9	+0.040%	$191K	$20K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,160.1	+0.057%	$220	$155K	10x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LLY-USDTshort	0.0000%	8h	1,160.1	+0.054%	$2K	$4.7M	10x
HTX LLY-USDT	0.0000%	8h	1,159.3	−0.018%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0005%	1h	1,159.9	+0.041%	$47K	$42K	5x	as long as short
Injective LLY/USDC PERP	+0.0033%	1h	1,160	+0.046%	$20K	$37K	12x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,159.2	−0.026%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,159.9	+0.037%	$8.7M	$1.2M	10x	as long as short
QFEX LLY-USD	+0.0075%	1h	1,159.7	+0.020%	$1.2M	$3.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,158.8	−0.058%	$140K	$198K	20x	as long as short
Phoenix LLY	+0.0275%	1h	1,159.4	−0.006%	$1K	$7K	10x	as long as short