Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.007%

Price spread now: Bybit against Aftermath Perps−0.024%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Bybit

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

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.024% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps LLYUSD	1,166.2	0.0011	pay 0.0001% / 1h	4m 14s	$47K	$41K	5x
Short	Bybit LLYUSDT	1,165.9	0	get 0.0000% / 8h	1h 04m	$1.3M	$636K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$2.31
Price spread: −0.024% → 0.000%: −$2.4
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$24.71
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bybit: live order book, 7 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 Bybit live order book, 7 min ago	2.36 bp	41.9 bp −$42	doesn't fit	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
QFEX LLY-USD	−0.0006%	1h	1,166	−0.015%	$1.2M	$5.1M	10x	as long as short
Bybit LLYUSDTshort	0.0000%	8h	1,165.9	−0.024%	$1.3M	$636K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.2	0.000%	$819K	$564K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166	−0.016%	$1.3M	$910K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.6	+0.033%	$2.3M	$176K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.1	−0.009%	$1K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.1	−0.182%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSDlong	+0.0011%	1h	1,166.2	long leg	$47K	$41K	5x
Aster LLYUSDT	+0.0029%	8h	1,165.7	−0.046%	$24K	$3K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	−0.003%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.9	−0.026%	$8.6M	$1.1M	10x	as long as short
Variational Omni LLY	+0.0079%	8h	1,166	−0.014%	$191K	$19K	—	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.7	−0.043%	$139K	$56K	20x	as long as short
Nado LLY-PERP	+0.0142%	1h	1,166.1	−0.007%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.6	+1.063%	$10K	$21K	12x	as long as short
Binance LLYUSDT	+0.0248%	8h	1,166.2	−0.002%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0257%	8h	1,167	+0.072%	$84K	$85K	20x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.3	+0.009%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0447%	8h	1,166.3	+0.009%	$828	$208K	10x	as long as short