Settings8H · net · $10k
Funding arb · Price arb /

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0325%/8h= +35.6% APRnext payment +$0.41 per $10,000 · paid last 24h +0.070%
Price spread now: Phoenix against Aftermath Perps+0.096%63s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.096% dearer against Aftermath Perps than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps LLYUSD1,1630.0018pay 0.0002% / 1h36m 17s$47K$41K5x
ShortPhoenix LLY1,164.10.0343get 0.0043% / 1h36m 17s$1K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$68.23
Price spread: +0.096% → 0.000%
$9.6
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$61.82
Costs to cover
0.160%
Break-even
0.7 days
Slippage unknown: Aftermath Perps: no order-book sample; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell Phoenix no order-book sample
Aftermath Perps and Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LLYUSDT0.0000%8h1,163.1+0.011%$1.3M$581K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,164.1+0.096%$792K$645K20xas long as short
Gate LLY_USDT0.0000%8h1,163.1+0.011%$1.3M$902K25xas long as short
Bitget LLYUSDT0.0000%8h1,163.7+0.061%$2.3M$176K20xas long as short
Variational Omni LLY0.0000%8h1,163.7+0.059%$192K$18Kas long as short
GRVT LLY_USDT_Perp0.0000%8h1,163.8+0.070%$244$188K10xas long as short
SunX LLY-USDT0.0000%8h1,163.5+0.044%$1K$6.0M10xas long as short
HTX LLY-USDT0.0000%8h1,161.5−0.129%$5K$40K20xas long as short
Aftermath Perps LLYUSDlong+0.0018%1h1,163long leg$47K$41K5x
Aster LLYUSDT+0.0031%8h1,163.2+0.022%$23K$3K20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX LLY-USD+0.0043%1h1,163.4+0.033%$1.2M$4.6M10xas long as short
Vest LLY-USD-PERP+0.0046%1h1,162.7−0.024%25xas long as short
tradeXYZ xyz:LLY+0.0050%1h1,163+0.001%$8.7M$1.2M10xas long as short
KuCoin LLYUSDTM+0.0100%8h1,163.2+0.019%$137K$73K20xas long as short
Nado LLY-PERP+0.0104%1h1,162.9−0.010%$39K$25110xas long as short
Binance LLYUSDT+0.0114%8h1,163.6+0.057%$2.0M$3.1M20xas long as short
BloFin LLY-USDT+0.0116%8h1,163.4+0.039%$84K$84K20xas long as short
Injective LLY/USDC PERP+0.0220%1h1,175.8+1.102%$7K$24K12xas long as short
Phoenix LLYshort+0.0343%1h1,164.1+0.096%$1K$7K10x