Funding arb · Price arb /

LLY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Aster against Bybit−0.034%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aster

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.034% cheaper against Bybit than usual: you would sell low and buy high, −$3 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	Bybit LLYUSDT	1,166.3	0	get 0.0000% / 8h	1h 33m	$1.3M	$637K	25x
Short	Aster LLYUSDT	1,165.9	0	get 0.0000% / 8h	1h 33m	$24K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → 0.000%: −$3.39
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.39
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Aster: 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 Bybit live order book, 3 min ago	2.10 bp	31.4 bp −$31	564.2 bp −$5,642	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
QFEX LLY-USD	−0.0006%	1h	1,166.4	+0.015%	$1.2M	$5.0M	10x	as long as short
Aster LLYUSDTshort	0.0000%	8h	1,165.9	−0.034%	$24K	$3K	20x
Bybit LLYUSDTlong	0.0000%	8h	1,166.3	long leg	$1.3M	$637K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,167	+0.064%	$820K	$563K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.7	+0.039%	$1.3M	$909K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,167.1	+0.075%	$2.3M	$176K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.7	+0.039%	$2K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.8	−0.123%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0011%	1h	1,166.5	+0.017%	$47K	$41K	5x	as long as short
Variational Omni LLY	+0.0016%	8h	1,166.8	+0.049%	$191K	$19K	—	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	−0.003%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.6	+0.030%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.6	+0.030%	$139K	$56K	20x	as long as short
Binance LLYUSDT	+0.0186%	8h	1,166.6	+0.027%	$2.0M	$3.1M	20x	as long as short
Nado LLY-PERP	+0.0187%	1h	1,166.5	+0.017%	$39K	$251	10x	as long as short
BloFin LLY-USDT	+0.0194%	8h	1,166.8	+0.046%	$84K	$84K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.9	+0.999%	$10K	$21K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.7	+0.039%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0399%	8h	1,166.7	+0.037%	$910	$209K	10x	as long as short