Funding arb · Price arb /

LLY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.014%

Price spread now: Aftermath Perps against Bitget−0.046%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aftermath Perps

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aftermath Perps is 0.046% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it 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	Bitget LLYUSDT	1,165.1	0	get 0.0000% / 8h	6h 27m	$2.3M	$173K	20x
Short	Aftermath Perps LLYUSD	1,164.6	0.0007	get 0.0001% / 1h	27m 42s	$47K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bitget. 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 BitgetbpFee Aftermath PerpsbpOrdersPrice spread, now −0.046%Rate

Funding earned: $1.49
Price spread: −0.046% → 0.000%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$24.1
Costs to cover: 0.210%
Break-even: 120.5 days

Slippage unknown: Bitget: live order book, 5 min ago; Aftermath Perps: 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 Bitget live order book, 5 min ago	9.18 bp	16.8 bp −$17	26.2 bp −$262	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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 18 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	1,163.5	−0.135%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165	−0.009%	$793K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164.8	−0.028%	$1.3M	$901K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,165.1	long leg	$2.3M	$173K	20x
GRVT LLY_USDT_Perp	0.0000%	8h	1,164.7	−0.037%	$210	$192K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.1	0.000%	$1K	$6.1M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.3	−0.158%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSDshort	+0.0007%	1h	1,164.6	−0.046%	$47K	$41K	5x
Variational Omni LLY	+0.0019%	8h	1,164.9	−0.021%	$192K	$18K	—	as long as short
Aster LLYUSDT	+0.0025%	8h	1,163.6	−0.125%	$24K	$3K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0026%	1h	1,164.7	−0.038%	$1.2M	$4.8M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,163.7	−0.124%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0064%	1h	1,164.1	−0.086%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.3	−0.154%	$137K	$76K	20x	as long as short
Binance LLYUSDT	+0.0140%	8h	1,165.1	+0.002%	$2.0M	$3.1M	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176	+0.936%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0257%	1h	1,163	−0.177%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0275%	1h	1,164.9	−0.017%	$1K	$7K	10x	as long as short