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: Gate against SunX+0.008%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1781.778% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.053%−$5 · spread now +0.008%, 7d avg −0.070%

Together, before fees−0.053%−$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: Gate is 0.078% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LLY-USDT	1,166.2	0	get 0.0000% / 8h	43m 41s	$2K	$6.6M	10x
Short	Gate LLY_USDT	1,166.3	0	get 0.0000% / 8h	43m 41s	$1.3M	$898K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.070%: $7.77
Slippage, 4 orders: −$154.85
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$170.07
Costs to cover: 1.778%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Gate: 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 SunX live order book, 5 min ago	45.86 bp	64.2 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	7.89 bp	19.7 bp −$20	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	1,166.7	+0.046%	$39K	$251	10x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.2	+0.003%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.1	−0.009%	$818K	$571K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,166.3	+0.008%	$1.3M	$898K	25x
Bitget LLYUSDT	0.0000%	8h	1,166.7	+0.043%	$2.3M	$176K	20x	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,166.2	long leg	$2K	$6.6M	10x
HTX LLY-USDT	0.0000%	8h	1,164.8	−0.122%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0006%	1h	1,166.2	−0.004%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,166.5	+0.023%	$1.2M	$5.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.6	+0.034%	—	—	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	1,166.4	+0.017%	$8.6M	$1.1M	10x	as long as short
Aster LLYUSDT	+0.0068%	8h	1,166.1	−0.008%	$24K	$3K	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.1	−0.009%	$138K	$81K	20x	as long as short
Variational Omni LLY	+0.0102%	8h	1,166.2	−0.003%	$191K	$19K	—	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.9	+1.003%	$10K	$21K	12x	as long as short
BloFin LLY-USDT	+0.0254%	8h	1,166.2	+0.003%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0270%	8h	1,166.3	+0.010%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,167.5	+0.111%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0455%	8h	1,166.2	−0.004%	$548	$208K	10x	as long as short