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 SunX+0.017%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1781.783% of the position

Long on SunX 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)+0.007%+$1 · spread now +0.017%, 7d avg −0.015%

Together, before fees+0.023%+$2 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 0.032% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LLY-USDT	1,165.1	0	get 0.0000% / 8h	9m 04s	$2K	$5.6M	10x
Short	OKX LLY-USDT-SWAP	1,165.3	0	get 0.0000% / 8h	9m 04s	$795K	$571K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SunX. 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 SunXbpFee OKXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.015%: $3.22
Slippage, 4 orders: −$160.28
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$175.06
Costs to cover: 1.783%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; OKX: live order book, 27 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 SunX live order book, 10 min ago	47.18 bp	65.4 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 27 min ago	3.86 bp	35.1 bp −$35	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	1,164.8	−0.022%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.3	+0.015%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,164.8	−0.028%	$1.3M	$346K	25x	as long as short
OKX LLY-USDT-SWAPshort	0.0000%	8h	1,165.3	+0.017%	$795K	$571K	20x
Gate LLY_USDT	0.0000%	8h	1,165.3	+0.017%	$1.3M	$758K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166	+0.081%	$2.3M	$166K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.1	+0.002%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.1	−0.004%	$221	$171K	10x	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,165.1	long leg	$2K	$5.6M	10x
HTX LLY-USDT	0.0000%	8h	1,164.1	−0.088%	$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
BloFin LLY-USDT	+0.0009%	8h	1,165.1	+0.001%	$84K	$85K	20x	as long as short
QFEX LLY-USD	+0.0022%	1h	1,165.3	+0.020%	$1.2M	$3.1M	10x	as long as short
Aftermath Perps LLYUSD	+0.0027%	1h	1,165.1	−0.004%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.1	−0.082%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0090%	1h	1,165	−0.009%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.9	−0.017%	$136K	$73K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.081%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0243%	1h	1,164	−0.093%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,164.9	−0.017%	$1K	$7K	10x	as long as short