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 −0.068%

Price spread now: SunX against Binance−0.028%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1541.535% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.028%, 7d avg −0.006%

Together, before fees−0.233%−$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: SunX is 0.022% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LLYUSDT	1,164.4	0	get 0.0000% / 8h	3h 42m	$2.0M	$3.1M	20x
Short	SunX LLY-USDT	1,164.1	0	get 0.0000% / 8h	3h 42m	$2K	$5.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.006%: −$2.22
Slippage, 4 orders: −$135.52
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$155.75
Costs to cover: 1.535%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; SunX: live order book, 6 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 Binance live order book, 8 min ago	0.04 bp	10.4 bp −$10	23.4 bp −$234	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	45.52 bp	64.5 bp −$65	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	1,164.3	−0.014%	$24K	$3K	20x	as long as short
Binance LLYUSDTlong	0.0000%	8h	1,164.4	long leg	$2.0M	$3.1M	20x
Bybit LLYUSDT	0.0000%	8h	1,164.1	−0.033%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.6	−0.071%	$789K	$635K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.8	−0.055%	$1.3M	$852K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164.8	+0.034%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.9	−0.048%	$192K	$16K	—	as long as short
SunX LLY-USDTshort	0.0000%	8h	1,164.1	−0.028%	$2K	$5.8M	10x
HTX LLY-USDT	0.0000%	8h	1,162.3	−0.186%	$5K	$41K	20x	as long as short
BloFin LLY-USDT	+0.0015%	8h	1,164.5	+0.003%	$83K	$85K	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	+0.0023%	1h	1,163.4	−0.087%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,164.1	−0.027%	$1.2M	$4.1M	10x	as long as short
GRVT LLY_USDT_Perp	+0.0042%	8h	1,164.3	−0.012%	$233	$185K	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,163.9	−0.043%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.1	−0.028%	$137K	$74K	20x	as long as short
tradeXYZ xyz:LLY	+0.0149%	1h	1,164.1	−0.028%	$8.7M	$1.2M	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.3	+1.019%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0269%	1h	1,163.9	−0.046%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0344%	1h	1,164.7	+0.023%	$1K	$7K	10x	as long as short