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: SunX against Gate+0.022%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$1971.974% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.022%, 7d avg +0.065%

Together, before fees+0.036%+$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: SunX 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 +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,165	0	get 0.0000% / 8h	3h 18m	$1.3M	$853K	25x
Short	SunX LLY-USDT	1,165.3	0	get 0.0000% / 8h	3h 18m	$2K	$5.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.065%: −$4.28
Slippage, 4 orders: −$174.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$201.66
Costs to cover: 1.974%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago	7.39 bp	24.7 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	46.77 bp	65.4 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
BloFin LLY-USDT	−0.0007%	8h	1,165.5	+0.043%	$83K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.5	+0.042%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.4	+0.030%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.3	+0.019%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.9	−0.012%	$790K	$605K	20x	as long as short
Gate LLY_USDTlong	0.0000%	8h	1,165	long leg	$1.3M	$853K	25x
Bitget LLYUSDT	0.0000%	8h	1,165.5	+0.039%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.1	+0.006%	$192K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.1	+0.009%	$221	$183K	10x	as long as short
SunX LLY-USDTshort	0.0000%	8h	1,165.3	+0.022%	$2K	$5.8M	10x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,163.2	−0.155%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0016%	1h	1,164.7	−0.030%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,165.2	+0.015%	$1.2M	$3.9M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.7	−0.030%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0084%	1h	1,164.9	−0.012%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.2	+0.014%	$137K	$72K	20x	as long as short
Nado LLY-PERP	+0.0188%	1h	1,165.1	+0.003%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+0.924%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0344%	1h	1,165	−0.003%	$1K	$7K	10x	as long as short