Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0014%/8h= −1.6% APRpaid last 24h −0.014%

Price spread now: SunX against Aftermath Perps+0.026%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 SunX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.026% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps LLYUSD	1,165.4	0.0014	pay 0.0002% / 1h	51m 41s	$47K	$40K	5x
Short	SunX LLY-USDT	1,165.7	0	get 0.0000% / 8h	2h 51m	$1K	$5.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$2.98
Price spread: +0.026% → 0.000%: $2.61
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.37
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	45.03 bp	63.9 bp −$64	doesn't fit	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
Aster LLYUSDT	0.0000%	8h	1,165.8	+0.030%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.7	+0.027%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.6	+0.019%	$1.3M	$526K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.2	−0.017%	$790K	$579K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.3	−0.005%	$1.3M	$826K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.3	+0.074%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.7	+0.025%	$193K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.7	+0.024%	$233	$182K	10x	as long as short
SunX LLY-USDTshort	0.0000%	8h	1,165.7	+0.026%	$1K	$5.8M	10x
HTX LLY-USDT	0.0000%	8h	1,164	−0.118%	$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
QFEX LLY-USD	+0.0011%	1h	1,165.6	+0.015%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps LLYUSDlong	+0.0014%	1h	1,165.4	long leg	$47K	$40K	5x
BloFin LLY-USDT	+0.0027%	8h	1,165.9	+0.044%	$84K	$86K	20x	as long as short
tradeXYZ xyz:LLY	+0.0033%	1h	1,165.3	−0.008%	$8.7M	$1.2M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.5	+0.005%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.4	0.000%	$137K	$71K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.5	+1.039%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0225%	1h	1,165.4	+0.001%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.8	+0.035%	$1K	$7K	10x	as long as short