Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.028%

Price spread now: tradeXYZ against OKX+0.009%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.009%, 7d avg −0.037%

Together, before fees+0.215%+ Points / potential airdroptradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.045% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LLY-USDT-SWAP	1,165.6	0	get 0.0000% / 8h	31m 08s	$795K	$572K	20x
Short	tradeXYZ xyz:LLY	1,165.7	0.0050	get 0.0006% / 1h	31m 08s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against OKX. 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 OKXbpFee tradeXYZbpOrdersPrice spread, now +0.009%Rate

Funding earned: $10.5
Price spread: +0.009% → −0.037%: $4.52
Slippage, 4 orders: −$46.19
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$59.17
Costs to cover: 0.742%
Break-even: 46.4 days

Slippage from OKX: live order book, 5 min ago; tradeXYZ: live order book, 7 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 OKX live order book, 5 min ago	3.86 bp	12.0 bp −$12	348.6 bp −$3,486	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.86 bp	12.8 bp −$13	28.5 bp −$285	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	−0.0016%	8h	1,165.6	−0.003%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.5	−0.006%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.6	−0.003%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.6	+0.003%	$1.3M	$347K	25x	as long as short
OKX LLY-USDT-SWAPlong	0.0000%	8h	1,165.6	long leg	$795K	$572K	20x
Gate LLY_USDT	0.0000%	8h	1,165.6	−0.001%	$1.3M	$756K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.1	+0.046%	$2.3M	$167K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.6	−0.004%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.6	+0.003%	$210	$173K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.7	+0.009%	$2K	$5.6M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,163.1	−0.214%	$6K	$42K	20x	as long as short
Aftermath Perps LLYUSD	+0.0020%	1h	1,165.7	+0.012%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0022%	1h	1,165.6	+0.001%	$1.2M	$3.3M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.3	−0.027%	—	—	25x	as long as short
tradeXYZ xyz:LLYshort	+0.0050%	1h	1,165.7	+0.009%	$8.7M	$1.2M	10x
KuCoin LLYUSDTM	+0.0100%	8h	1,165.4	−0.017%	$137K	$68K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.038%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0233%	1h	1,165.3	−0.022%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.9	+0.112%	$1K	$7K	10x	as long as short