Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.055%

Price spread now: Binance against Aftermath Perps+0.081%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.081% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps LLYUSD	1,164.3	0.0029	pay 0.0004% / 1h	56m 13s	$47K	$40K	5x
Short	Binance LLYUSDT	1,165.3	0	get 0.0000% / 8h	7h 56m	$2.0M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aftermath Perps. 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 Aftermath PerpsbpFee BinancebpOrdersPrice spread, now +0.081%Rate

Funding earned: −$6.19
Price spread: +0.081% → 0.000%: $8.11
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.07
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Binance: live order book, 9 min ago. Net counts fees only.

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	1.33 bp	13.5 bp −$13	36.4 bp −$364	doesn't fit	doesn't fit

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado LLY-PERP	−0.0104%	1h	1,165.5	+0.103%	$39K	$251	10x	as long as short
BloFin LLY-USDT	−0.0020%	8h	1,165	+0.057%	$85K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.4	+0.097%	$24K	$3K	20x	as long as short
Binance LLYUSDTshort	0.0000%	8h	1,165.3	+0.081%	$2.0M	$3.1M	20x
Bybit LLYUSDT	0.0000%	8h	1,165.4	+0.089%	$1.3M	$343K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.7	+0.033%	$795K	$570K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.1	+0.069%	$1.3M	$634K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,165.6	+0.109%	$2.3M	$166K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,164.8	+0.040%	$193K	$19K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.2	+0.074%	$221	$170K	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LLY-USDT	0.0000%	8h	1,165.4	+0.093%	$1K	$5.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.2	−0.011%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSDlong	+0.0029%	1h	1,164.3	long leg	$47K	$40K	5x
QFEX LLY-USD	+0.0035%	1h	1,165.7	+0.122%	$1.2M	$3.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.5	+0.018%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.6	+0.110%	$8.7M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.2	+0.076%	$137K	$83K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.150%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.3	+0.085%	$1K	$7K	10x	as long as short