Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.026%

Price spread now: QFEX against Aster−0.026%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, the price is against you. QFEX is 0.026% cheaper against Aster than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LLYUSDT	1,165.5	0	get 0.0000% / 8h	3h 18m	$24K	$3K	20x
Short	QFEX LLY-USD	1,165.2	0.0042	get 0.0005% / 1h	18m 02s	$1.2M	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $8.8
Price spread: −0.026% → 0.000%: −$2.63
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$11.82
Costs to cover: 0.180%
Break-even: 16.4 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 5 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 QFEX live order book, 5 min ago	2.10 bp	7.3 bp −$7	11.0 bp −$110	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
BloFin LLY-USDT	−0.0007%	8h	1,165.5	+0.002%	$83K	$85K	20x	as long as short
Aster LLYUSDTlong	0.0000%	8h	1,165.5	long leg	$24K	$3K	20x
Binance LLYUSDT	0.0000%	8h	1,165.4	−0.011%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.3	−0.023%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.9	−0.053%	$790K	$605K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165	−0.041%	$1.3M	$853K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,165.5	−0.001%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.1	−0.035%	$192K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.1	−0.032%	$221	$183K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.3	−0.019%	$2K	$5.8M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,163.2	−0.195%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0016%	1h	1,164.7	−0.071%	$47K	$40K	5x	as long as short
QFEX LLY-USDshort	+0.0042%	1h	1,165.2	−0.026%	$1.2M	$3.9M	10x
Vest LLY-USD-PERP	+0.0046%	1h	1,164.7	−0.071%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0082%	1h	1,164.9	−0.053%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.2	−0.027%	$137K	$72K	20x	as long as short
Nado LLY-PERP	+0.0188%	1h	1,165.1	−0.038%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+0.882%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0344%	1h	1,165	−0.044%	$1K	$7K	10x	as long as short