Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.014%

Price spread now: HTX against Aftermath Perps−0.127%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 HTX

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 HTX is 0.127% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$13 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	1,163.2	0.0009	pay 0.0001% / 1h	22m 51s	$47K	$42K	5x
Short	HTX LLY-USDT	1,161.8	0	get 0.0000% / 8h	7h 22m	$6K	$40K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$1.99
Price spread: −0.127% → 0.000%: −$12.67
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.66
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aftermath Perps no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Aftermath Perps and HTX: 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	1,162.8	−0.036%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163	−0.021%	$813K	$577K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.8	−0.037%	$1.3M	$899K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164	+0.065%	$2.3M	$173K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,162.9	−0.028%	$221	$196K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163	−0.021%	$2K	$6.2M	10x	as long as short
HTX LLY-USDTshort	0.0000%	8h	1,161.8	−0.127%	$6K	$40K	20x
QFEX LLY-USD	+0.0004%	1h	1,163.2	−0.007%	$1.2M	$5.1M	10x	as long as short
Aftermath Perps LLYUSDlong	+0.0009%	1h	1,163.2	long leg	$47K	$42K	5x
Vest LLY-USD-PERP	+0.0046%	1h	1,162.1	−0.098%	—	—	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	+0.0082%	8h	1,163.2	−0.007%	$23K	$3K	20x	as long as short
tradeXYZ xyz:LLY	+0.0093%	1h	1,163.2	−0.004%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163	−0.021%	$137K	$75K	20x	as long as short
Variational Omni LLY	+0.0110%	8h	1,162.8	−0.034%	$191K	$17K	—	as long as short
Nado LLY-PERP	+0.0116%	1h	1,162.7	−0.047%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0206%	1h	1,163.4	+0.013%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.6	+1.148%	$7K	$24K	12x	as long as short
Binance LLYUSDT	+0.0232%	8h	1,163	−0.025%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0252%	8h	1,163.1	−0.010%	$84K	$85K	20x	as long as short