Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.006%

Price spread now: tradeXYZ against Aster−0.023%7-day average — · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.023% cheaper against Aster than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 36 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LLYUSDT	1,163.5	0	get 0.0000% / 8h	4h 14m	$24K	$3K	20x
Short	tradeXYZ xyz:LLY	1,163.2	0.0050	get 0.0006% / 1h	14m 14s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.023%Rate

Funding earned: $10.5
Price spread: −0.023% → 0.000%: −$2.26
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$17.76
Costs to cover: 0.260%
Break-even: 18.8 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	0.43 bp	20.5 bp −$20	34.4 bp −$344	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	1,163.5	long leg	$24K	$3K	20x
Bybit LLYUSDT	0.0000%	8h	1,163.2	−0.021%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.5	+0.003%	$790K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.8	+0.026%	$1.3M	$881K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164.1	+0.051%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,164.3	+0.068%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164	+0.046%	$221	$186K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.2	+0.063%	$2K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.7	−0.068%	$5K	$41K	20x	as long as short
Binance LLYUSDT	+0.0010%	8h	1,164.1	+0.055%	$2.0M	$3.1M	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	+0.0019%	1h	1,163.6	+0.016%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,164.3	+0.069%	$1.2M	$4.2M	10x	as long as short
BloFin LLY-USDT	+0.0035%	8h	1,164	+0.045%	$84K	$85K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.8	−0.060%	—	—	25x	as long as short
tradeXYZ xyz:LLYshort	+0.0050%	1h	1,163.2	−0.023%	$8.7M	$1.2M	10x
KuCoin LLYUSDTM	+0.0100%	8h	1,163.7	+0.020%	$137K	$74K	20x	as long as short
Nado LLY-PERP	+0.0130%	1h	1,162.9	−0.045%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.2	+1.095%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0275%	1h	1,164.7	+0.106%	$1K	$7K	10x	as long as short