Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX+0.043%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1691.687% of the position

Long on SunX 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)+0.009%+$1 · spread now +0.043%, 7d avg −0.015%

Together, before fees+0.025%+$2 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% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LLY-USDT	1,163.5	0	get 0.0000% / 8h	5h 46m	$2K	$6.0M	10x
Short	OKX LLY-USDT-SWAP	1,164	0	get 0.0000% / 8h	5h 46m	$792K	$645K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → −0.015%: $5.82
Slippage, 4 orders: −$150.7
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$162.88
Costs to cover: 1.687%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; OKX: live order book, 15 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, 12 min ago	46.38 bp	64.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 15 min ago	3.87 bp	26.4 bp −$26	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
Bybit LLYUSDT	0.0000%	8h	1,163.2	−0.024%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAPshort	0.0000%	8h	1,164	+0.043%	$792K	$645K	20x
Gate LLY_USDT	0.0000%	8h	1,163.3	−0.017%	$1.3M	$902K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.9	+0.036%	$2.3M	$176K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164	+0.046%	$221	$188K	10x	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,163.5	long leg	$2K	$6.0M	10x
HTX LLY-USDT	0.0000%	8h	1,163.3	−0.015%	$5K	$40K	20x	as long as short
Variational Omni LLY	+0.0016%	8h	1,163.5	−0.003%	$192K	$18K	—	as long as short
Aftermath Perps LLYUSD	+0.0021%	1h	1,163.2	−0.027%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0043%	1h	1,163.6	+0.006%	$1.2M	$4.7M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERP	+0.0046%	1h	1,162.7	−0.068%	—	—	25x	as long as short
Aster LLYUSDT	+0.0050%	8h	1,163.4	−0.007%	$24K	$3K	20x	as long as short
tradeXYZ xyz:LLY	+0.0086%	1h	1,163.3	−0.017%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.4	−0.009%	$137K	$76K	20x	as long as short
Binance LLYUSDT	+0.0138%	8h	1,163.5	−0.002%	$2.0M	$3.1M	20x	as long as short
Nado LLY-PERP	+0.0141%	1h	1,163.3	−0.019%	$39K	$251	10x	as long as short
BloFin LLY-USDT	+0.0163%	8h	1,164.5	+0.089%	—	$85K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.6	+1.040%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0343%	1h	1,163.2	−0.026%	$1K	$7K	10x	as long as short