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 Gate+0.012%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1751.751% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.012%, 7d avg +0.064%

Together, before fees+0.046%+$5 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 0.051% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,160	0	get 0.0000% / 8h	5h 45m	$1.3M	$629K	25x
Short	SunX LLY-USDT	1,160.1	0	get 0.0000% / 8h	5h 45m	$2K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.064%: −$5.14
Slippage, 4 orders: −$152.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$180.29
Costs to cover: 1.751%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; SunX: live order book, 7 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, 5 min ago	9.53 bp	22.8 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	46.52 bp	65.2 bp −$65	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	−0.0682%	1h	1,158.8	−0.101%	$39K	$251	10x	as long as short
tradeXYZ xyz:LLY	−0.0463%	1h	1,158.4	−0.134%	$8.7M	$1.2M	10x	as long as short
Bybit LLYUSDT	−0.0127%	8h	1,159.6	−0.032%	$1.4M	$481K	25x	as long as short
GRVT LLY_USDT_Perp	−0.0081%	8h	1,160.7	+0.068%	$267	$151K	10x	as long as short
Aftermath Perps LLYUSD	−0.0011%	1h	1,160.6	+0.052%	$47K	$50K	5x	as long as short
Aster LLYUSDT	0.0000%	8h	1,159.6	−0.029%	$23K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,160.5	+0.049%	$2.0M	$3.4M	20x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,159.8	−0.014%	$810K	$558K	20x	as long as short
Gate LLY_USDTlong	0.0000%	8h	1,160	long leg	$1.3M	$629K	25x
Bitget LLYUSDT	0.0000%	8h	1,160.3	+0.030%	$2.3M	$180K	20x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LLY	0.0000%	8h	1,160.1	+0.008%	$190K	$21K	—	as long as short
SunX LLY-USDTshort	0.0000%	8h	1,160.1	+0.012%	$2K	$4.7M	10x
HTX LLY-USDT	0.0000%	8h	1,158.5	−0.128%	$5K	$41K	20x	as long as short
BloFin LLY-USDT	+0.0002%	8h	1,160	0.000%	$86K	$87K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,159.8	−0.018%	—	—	25x	as long as short
QFEX LLY-USD	+0.0058%	1h	1,159.6	−0.030%	$1.2M	$3.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0076%	8h	1,158.8	−0.100%	$140K	$224K	20x	as long as short
Phoenix LLY	+0.0207%	1h	1,159.6	−0.031%	$1K	$9K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,160	+0.003%	$20K	$37K	12x	as long as short