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: OKX against Gate−0.001%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$850.849% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.001%, 7d avg +0.057%

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: OKX is 0.058% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,166.2	0	get 0.0000% / 8h	36m 00s	$1.3M	$899K	25x
Short	OKX LLY-USDT-SWAP	1,166.2	0	get 0.0000% / 8h	36m 00s	$819K	$571K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → +0.057%: −$5.8
Slippage, 4 orders: −$59.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$90.73
Costs to cover: 0.849%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: live order book, 40 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 Gate live order book, 1 min ago	8.54 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 40 min ago	3.00 bp	21.3 bp −$21	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
Nado LLY-PERP	−0.0027%	1h	1,166.8	+0.053%	$39K	$251	10x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.3	+0.003%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAPshort	0.0000%	8h	1,166.2	−0.001%	$819K	$571K	20x
Gate LLY_USDTlong	0.0000%	8h	1,166.2	long leg	$1.3M	$899K	25x
Bitget LLYUSDT	0.0000%	8h	1,166.8	+0.054%	$2.3M	$176K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.4	+0.016%	$1K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.4	−0.074%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0003%	1h	1,166.5	+0.025%	$47K	$42K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,165.5	−0.061%	$1.2M	$5.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.9	−0.024%	—	—	25x	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	1,166.7	+0.042%	$8.6M	$1.1M	10x	as long as short
Aster LLYUSDT	+0.0074%	8h	1,166.1	−0.011%	$24K	$3K	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.2	−0.001%	$138K	$81K	20x	as long as short
Variational Omni LLY	+0.0104%	8h	1,166.4	+0.017%	$191K	$19K	—	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.1	+1.020%	$10K	$21K	12x	as long as short
Binance LLYUSDT	+0.0271%	8h	1,166.5	+0.021%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0294%	8h	1,166.7	+0.038%	$84K	$85K	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,167.3	+0.093%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0448%	8h	1,166.3	+0.010%	$840	$207K	10x	as long as short