Funding arb · Price arb /

LLY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.014%

Price spread now: Bitget against Aftermath Perps+0.073%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.073% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps LLYUSD	1,162.4	0.0010	pay 0.0001% / 1h	5m 08s	$47K	$42K	5x
Short	Bitget LLYUSDT	1,163.2	0	get 0.0000% / 8h	7h 05m	$2.3M	$177K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aftermath Perps. 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 Aftermath PerpsbpFee BitgetbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$2.1
Price spread: +0.073% → 0.000%: $7.26
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.84
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bitget: live order book, 2 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	7.09 bp	14.0 bp −$14	100.2 bp −$1,002	doesn't fit	doesn't fit

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 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	1,162.9	+0.043%	$1.3M	$582K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.3	+0.080%	$793K	$629K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.7	+0.026%	$1.3M	$904K	25x	as long as short
Bitget LLYUSDTshort	0.0000%	8h	1,163.2	+0.073%	$2.3M	$177K	20x
GRVT LLY_USDT_Perp	0.0000%	8h	1,162.8	+0.036%	$267	$196K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163	+0.054%	$2K	$6.2M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.2	−0.019%	$6K	$40K	20x	as long as short
QFEX LLY-USD	+0.0004%	1h	1,162.8	+0.036%	$1.2M	$4.9M	10x	as long as short
Aftermath Perps LLYUSDlong	+0.0010%	1h	1,162.4	long leg	$47K	$42K	5x
Vest LLY-USD-PERP	+0.0046%	1h	1,162.1	−0.020%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LLYUSDT	+0.0049%	8h	1,163.2	+0.073%	$23K	$3K	20x	as long as short
Variational Omni LLY	+0.0071%	8h	1,162.9	+0.045%	$191K	$17K	—	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163	+0.054%	$137K	$75K	20x	as long as short
tradeXYZ xyz:LLY	+0.0149%	1h	1,162.3	−0.007%	$8.6M	$1.2M	10x	as long as short
BloFin LLY-USDT	+0.0178%	8h	1,163	+0.051%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0187%	8h	1,163.3	+0.075%	$2.0M	$3.1M	20x	as long as short
Nado LLY-PERP	+0.0190%	1h	1,163.1	+0.061%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0206%	1h	1,163	+0.054%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.6	+1.224%	$7K	$24K	12x	as long as short