Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.005%

Price spread now: Aftermath Perps against Aster+0.027%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 Aftermath Perps

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aftermath Perps is 0.027% dearer against Aster than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LLYUSDT	1,165.9	0.0021	pay 0.0021% / 8h	1h 08m	$24K	$3K	20x
Short	Aftermath Perps LLYUSD	1,166.2	0.0011	get 0.0001% / 1h	8m 00s	$47K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$2.1
Price spread: +0.027% → 0.000%: $2.67
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$16.43
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: 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

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

Aster 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	−0.0006%	1h	1,166	+0.012%	$1.2M	$5.1M	10x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.3	+0.034%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.2	+0.027%	$819K	$564K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.2	+0.030%	$1.3M	$910K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.6	+0.064%	$2.3M	$176K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.1	+0.018%	$2K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.9	−0.087%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSDshort	+0.0011%	1h	1,166.2	+0.027%	$47K	$41K	5x
Aster LLYUSDTlong	+0.0021%	8h	1,165.9	long leg	$24K	$3K	20x
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	+0.023%	—	—	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	1,166.1	+0.018%	$8.6M	$1.1M	10x	as long as short
Variational Omni LLY	+0.0072%	8h	1,166.1	+0.022%	$191K	$19K	—	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.7	−0.016%	$139K	$56K	20x	as long as short
Nado LLY-PERP	+0.0144%	1h	1,166.2	+0.031%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.6	+1.090%	$10K	$21K	12x	as long as short
Binance LLYUSDT	+0.0240%	8h	1,166	+0.010%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0261%	8h	1,166.4	+0.044%	$84K	$84K	20x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.4	+0.044%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0442%	8h	1,166.2	+0.028%	$875	$208K	10x	as long as short