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 +0.009%

Price spread now: Bybit against SunX−0.035%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$2022.021% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.035%, 7d avg +0.009%

Together, before fees+0.227%+$23 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: Bybit is 0.044% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.009%.

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	3h 30m	$2K	$6.8M	10x
Short	Bybit LLYUSDT	1,166.2	0	get 0.0000% / 8h	3h 30m	$1.3M	$961K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.009%: −$4.41
Slippage, 4 orders: −$183.11
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$206.52
Costs to cover: 2.021%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Bybit: live order book, 1 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, 9 min ago	46.32 bp	64.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.99 bp	46.3 bp −$46	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
Aster LLYUSDT	0.0000%	8h	1,165	−0.133%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,166.5	−0.010%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDTshort	0.0000%	8h	1,166.2	−0.035%	$1.3M	$961K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.3	−0.111%	$818K	$565K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.4	−0.100%	$1.3M	$911K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,167	+0.030%	$2.3M	$183K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166.4	−0.018%	$191K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.8	−0.069%	$769	$207K	10x	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,166.6	long leg	$2K	$6.8M	10x
HTX LLY-USDT	0.0000%	8h	1,165.4	−0.101%	$5K	$40K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0016%	1h	1,165.9	−0.060%	$47K	$41K	5x	as long as short
BloFin LLY-USDT	+0.0028%	8h	1,166.1	−0.047%	$84K	$84K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	−0.034%	—	—	25x	as long as short
QFEX LLY-USD	+0.0049%	1h	1,166.3	−0.029%	$1.2M	$4.5M	10x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.8	−0.069%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.6	−0.171%	$139K	$61K	20x	as long as short
Nado LLY-PERP	+0.0125%	1h	1,165.1	−0.129%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.6	+0.857%	$10K	$21K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.9	−0.060%	$1K	$7K	10x	as long as short