Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.026%

Price spread now: QFEX against Aster+0.005%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 QFEX

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LLYUSDT	1,165.5	0	get 0.0000% / 8h	3h 01m	$24K	$3K	20x
Short	QFEX LLY-USD	1,165.6	0.0042	get 0.0005% / 1h	1m 37s	$1.2M	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.005%Rate

Funding earned: $8.8
Price spread: +0.005% → 0.000%: $0.54
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$8.66
Costs to cover: 0.180%
Break-even: 13.9 days

Slippage unknown: Aster: no order-book sample; QFEX: 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 Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 7 min ago	1.59 bp	7.6 bp −$8	10.1 bp −$101	doesn't fit	doesn't fit

Aster: 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 LLYUSDTlong	0.0000%	8h	1,165.5	long leg	$24K	$3K	20x
Binance LLYUSDT	0.0000%	8h	1,165.8	+0.024%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.7	+0.012%	$1.3M	$526K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.3	−0.019%	$790K	$591K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.4	−0.011%	$1.3M	$854K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.2	+0.053%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.6	+0.010%	$193K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.7	+0.014%	$256	$182K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.8	+0.023%	$2K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.2	−0.118%	$6K	$41K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0014%	1h	1,165.4	−0.014%	$47K	$40K	5x	as long as short
BloFin LLY-USDT	+0.0023%	8h	1,165.9	+0.034%	$84K	$85K	20x	as long as short
QFEX LLY-USDshort	+0.0042%	1h	1,165.6	+0.005%	$1.2M	$3.9M	10x
Vest LLY-USD-PERP	+0.0046%	1h	1,165.5	−0.006%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.9	+0.032%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.6	+0.006%	$137K	$72K	20x	as long as short
Nado LLY-PERP	+0.0182%	1h	1,165.4	−0.011%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.8	+0.967%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0344%	1h	1,165.7	+0.015%	$1K	$7K	10x	as long as short