Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit+0.015%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$900.898% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.015%, 7d avg −0.018%

Together, before fees−0.039%−$4 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 0.033% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,159.7	0	get 0.0000% / 8h	6h 16m	$1.4M	$343K	25x
Short	OKX LLY-USDT-SWAP	1,159.9	0	get 0.0000% / 8h	6h 16m	$805K	$581K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.018%: $3.31
Slippage, 4 orders: −$68.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$86.53
Costs to cover: 0.898%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 32 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 Bybit live order book, 3 min ago	4.40 bp	22.2 bp −$22	342.3 bp −$3,423	doesn't fit	doesn't fit
Sell OKX live order book, 32 min ago	3.43 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit

LLY on 19 exchanges

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
BloFin LLY-USDT	−0.0018%	8h	1,159.2	−0.044%	$85K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,161.1	+0.121%	$23K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,160.1	+0.033%	$2.0M	$3.3M	20x	as long as short
Bybit LLYUSDTlong	0.0000%	8h	1,159.7	long leg	$1.4M	$343K	25x
OKX LLY-USDT-SWAPshort	0.0000%	8h	1,159.9	+0.015%	$805K	$581K	20x
Gate LLY_USDT	0.0000%	8h	1,159.4	−0.027%	$1.3M	$614K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,160.3	+0.051%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,159	−0.065%	$190K	$20K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,158.9	−0.075%	$220	$156K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,159.2	−0.046%	$1K	$4.8M	10x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,158.3	−0.128%	$5K	$42K	20x	as long as short
Aftermath Perps LLYUSD	+0.0019%	1h	1,158.6	−0.098%	$47K	$42K	5x	as long as short
Injective LLY/USDC PERP	+0.0033%	1h	1,160	+0.023%	$20K	$37K	12x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,158.8	−0.078%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,158.8	−0.080%	$8.7M	$1.2M	10x	as long as short
QFEX LLY-USD	+0.0075%	1h	1,159.8	+0.003%	$1.2M	$3.1M	10x	as long as short
Nado LLY-PERP	+0.0082%	1h	1,162	+0.195%	$39K	$251	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,158.5	−0.106%	$140K	$190K	20x	as long as short
Phoenix LLY	+0.0275%	1h	1,158	−0.149%	$1K	$7K	10x	as long as short