Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against SunX+0.986%61s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.986% dearer against SunX than usual: you sell high and buy low: +$99 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LLY-USDT	1,166.4	0	get 0.0000% / 8h	1h 23m	$1K	$6.6M	10x
Short	Injective LLY/USDC PERP	1,177.9	0.0220	get 0.0028% / 1h	23m 50s	$10K	$21K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.986%Rate

Funding earned: $46.2
Price spread: +0.986% → 0.000%: $98.59
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $136.77
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

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	45.42 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
QFEX LLY-USD	−0.0006%	1h	1,166.4	−0.003%	$1.2M	$5.0M	10x	as long as short
Aster LLYUSDT	0.0000%	8h	1,166	−0.038%	$24K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.2	−0.018%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.1	−0.026%	$819K	$564K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.4	+0.003%	$1.3M	$909K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.6	+0.020%	$2.3M	$176K	20x	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,166.4	long leg	$1K	$6.6M	10x
HTX LLY-USDT	0.0000%	8h	1,165.6	−0.071%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0011%	1h	1,166.6	+0.017%	$47K	$41K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	−0.019%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LLY	+0.0046%	8h	1,166.8	+0.033%	$191K	$19K	—	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.4	0.000%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.6	+0.017%	$139K	$56K	20x	as long as short
Nado LLY-PERP	+0.0167%	1h	1,166.3	−0.005%	$39K	$251	10x	as long as short
Binance LLYUSDT	+0.0213%	8h	1,166.3	−0.010%	$2.0M	$3.1M	20x	as long as short
Injective LLY/USDC PERPshort	+0.0220%	1h	1,177.9	+0.986%	$10K	$21K	12x
BloFin LLY-USDT	+0.0232%	8h	1,167	+0.047%	$84K	$84K	20x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.8	+0.034%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0416%	8h	1,166.7	+0.024%	$898	$209K	10x	as long as short