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 Gate+0.009%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$720.717% of the position

Long on Gate 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)+0.112%+$11 · spread now +0.009%, 7d avg +0.051%

Together, before fees+0.127%+$13 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 0.043% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,165.3	0	get 0.0000% / 8h	2h 10m	$1.3M	$833K	25x
Short	OKX LLY-USDT-SWAP	1,165.4	0	get 0.0000% / 8h	2h 10m	$790K	$568K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.051%: −$4.28
Slippage, 4 orders: −$46.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$75.94
Costs to cover: 0.717%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: live order book, 35 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 Gate live order book, 1 min ago	10.13 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 35 min ago	0.43 bp	14.8 bp −$15	278.5 bp −$2,785	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	1,165.5	+0.013%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.8	+0.039%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.3	−0.002%	$1.3M	$401K	25x	as long as short
OKX LLY-USDT-SWAPshort	0.0000%	8h	1,165.4	+0.009%	$790K	$568K	20x
Gate LLY_USDTlong	0.0000%	8h	1,165.3	long leg	$1.3M	$833K	25x
Bitget LLYUSDT	0.0000%	8h	1,165.8	+0.046%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.5	+0.019%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.4	+0.005%	$268	$180K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.6	+0.026%	$2K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.3	−0.174%	$5K	$41K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0011%	1h	1,165.6	+0.028%	$1.2M	$3.7M	10x	as long as short
Aftermath Perps LLYUSD	+0.0018%	1h	1,165.5	+0.018%	$47K	$40K	5x	as long as short
BloFin LLY-USDT	+0.0028%	8h	1,165.6	+0.028%	$83K	$86K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.7	−0.051%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.5	+0.017%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.2	−0.009%	$139K	$71K	20x	as long as short
Nado LLY-PERP	+0.0217%	1h	1,164.7	−0.048%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178	+1.090%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.8	+0.043%	$1K	$7K	10x	as long as short