Settings8H · net · $10k
Funding arb · Price arb /

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0339%/8h= −37.1% APRnext payment $0.42 per $10,000 · paid last 24h −0.065%
Price spread now: Aftermath Perps against Phoenix−0.069%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aftermath Perps is 0.069% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix LLY1,167.30.0343pay 0.0043% / 1h39m 20s$1K$7K10x
ShortAftermath Perps LLYUSD1,166.50.0003get 0.0000% / 1h39m 20s$47K$41K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phoenix. 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

Funding earned
−$71.24
Price spread: −0.069% → 0.000%
−$6.85
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$94.1
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell Aftermath Perps no order-book sample
Phoenix and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado LLY-PERP−0.0032%1h1,166.8−0.040%$39K$25110xas long as short
Bybit LLYUSDT0.0000%8h1,166.4−0.081%$1.3M$636K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,166.2−0.094%$819K$571K20xas long as short
Gate LLY_USDT0.0000%8h1,166.3−0.085%$1.3M$898K25xas long as short
Bitget LLYUSDT0.0000%8h1,166.9−0.031%$2.3M$176K20xas long as short
SunX LLY-USDT0.0000%8h1,166.3−0.086%$2K$6.6M10xas long as short
HTX LLY-USDT0.0000%8h1,164.7−0.225%$5K$40K20xas long as short
Aftermath Perps LLYUSDshort+0.0003%1h1,166.5−0.069%$47K$41K5x
QFEX LLY-USD+0.0023%1h1,166.5−0.071%$1.2M$5.1M10xas long as short
Vest LLY-USD-PERP+0.0046%1h1,166.7−0.056%25xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:LLY+0.0050%1h1,166.7−0.051%$8.6M$1.1M10xas long as short
Aster LLYUSDT+0.0069%8h1,166.3−0.086%$24K$3K20xas long as short
KuCoin LLYUSDTM+0.0100%8h1,166.3−0.086%$138K$81K20xas long as short
Variational Omni LLY+0.0102%8h1,166.1−0.103%$191K$19Kas long as short
Injective LLY/USDC PERP+0.0220%1h1,178.1+0.925%$10K$21K12xas long as short
BloFin LLY-USDT+0.0262%8h1,166.1−0.101%$84K$85K20xas long as short
Binance LLYUSDT+0.0268%8h1,166.4−0.075%$2.0M$3.1M20xas long as short
Phoenix LLYlong+0.0343%1h1,167.3long leg$1K$7K10x
GRVT LLY_USDT_Perp+0.0448%8h1,166.3−0.083%$840$207K10xas long as short