Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0306%/8h= +33.5% APRpaid last 24h +0.046%

Price spread now: Phoenix against Aster+0.057%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.057% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LLYUSDT	1,163.3	0.0037	pay 0.0037% / 8h	5h 38m	$23K	$3K	20x
Short	Phoenix LLY	1,164	0.0343	get 0.0043% / 1h	38m 55s	$1K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. 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 AsterbpFee PhoenixbpOrdersPrice spread, now +0.057%Rate

Funding earned: $64.29
Price spread: +0.057% → 0.000%: $5.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $55.03
Costs to cover: 0.150%
Break-even: 1.0 days

Slippage unknown: Aster: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Aster 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LLYUSDT	0.0000%	8h	1,163	−0.031%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.1	+0.066%	$792K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.1	−0.017%	$1.3M	$902K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.7	+0.030%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.7	+0.029%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164	+0.059%	$221	$188K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.4	+0.006%	$1K	$6.0M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.3	−0.085%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0019%	1h	1,163	−0.030%	$47K	$41K	5x	as long as short
Aster LLYUSDTlong	+0.0037%	8h	1,163.3	long leg	$23K	$3K	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0043%	1h	1,163.5	+0.011%	$1.2M	$4.6M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.7	−0.056%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,163	−0.029%	$8.7M	$1.2M	10x	as long as short
BloFin LLY-USDT	+0.0093%	8h	1,163.7	+0.033%	$84K	$84K	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.2	−0.011%	$137K	$73K	20x	as long as short
Nado LLY-PERP	+0.0109%	1h	1,163.3	−0.005%	$39K	$251	10x	as long as short
Binance LLYUSDT	+0.0120%	8h	1,163.5	+0.016%	$2.0M	$3.1M	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+1.072%	$7K	$24K	12x	as long as short
Phoenix LLYshort	+0.0343%	1h	1,164	+0.057%	$1K	$7K	10x