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: Bybit against Aster+0.045%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 Bybit

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: Bybit is 0.045% dearer against Aster than usual: you sell high and buy low, +$4 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	Aster LLYUSDT	1,164.7	0	get 0.0000% / 8h	1h 48m	$24K	$3K	20x
Short	Bybit LLYUSDT	1,165.3	0	get 0.0000% / 8h	1h 48m	$1.3M	$636K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → 0.000%: $4.47
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14.53
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: 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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	1.84 bp	23.0 bp −$23	doesn't fit	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
QFEX LLY-USD	−0.0006%	1h	1,165.8	+0.089%	$1.2M	$4.9M	10x	as long as short
Aster LLYUSDTlong	0.0000%	8h	1,164.7	long leg	$24K	$3K	20x
Bybit LLYUSDTshort	0.0000%	8h	1,165.3	+0.045%	$1.3M	$636K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.2	+0.040%	$819K	$563K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.4	+0.059%	$1.3M	$908K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.1	+0.113%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166	+0.110%	$191K	$19K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,166	+0.109%	$2K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.3	−0.040%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0011%	1h	1,165.1	+0.029%	$47K	$41K	5x	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	1,165	+0.023%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.6	+0.075%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.4	+0.058%	$139K	$56K	20x	as long as short
Binance LLYUSDT	+0.0148%	8h	1,166	+0.105%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0166%	8h	1,166.1	+0.120%	$84K	$84K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.6	+1.105%	$10K	$21K	12x	as long as short
Nado LLY-PERP	+0.0273%	1h	1,165.1	+0.031%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.2	+0.040%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0360%	8h	1,165.6	+0.078%	$233	$208K	10x	as long as short