Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h −0.010%

Price spread now: QFEX against Aster+0.109%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 QFEX

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.109% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LLYUSDT	1,164.9	0	get 0.0000% / 8h	3h 30m	$24K	$3K	20x
Short	QFEX LLY-USD	1,166.2	0.0049	get 0.0006% / 1h	30m 57s	$1.2M	$4.5M	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 +0.109%Rate

Funding earned: $10.26
Price spread: +0.109% → 0.000%: $10.9
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: $3.16
Costs to cover: 0.180%
Break-even: 4.8 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 3 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, 3 min ago	1.76 bp	6.8 bp −$7	13.4 bp −$134	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
Aster LLYUSDTlong	0.0000%	8h	1,164.9	long leg	$24K	$3K	20x
Binance LLYUSDT	0.0000%	8h	1,166.5	+0.135%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.9	+0.082%	$1.3M	$961K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.3	+0.032%	$818K	$565K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.4	+0.043%	$1.3M	$911K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.9	+0.165%	$2.3M	$183K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.7	+0.065%	$191K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.8	+0.074%	$769	$207K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.4	+0.126%	$2K	$6.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.3	−0.055%	$5K	$40K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0015%	1h	1,165.9	+0.083%	$47K	$41K	5x	as long as short
BloFin LLY-USDT	+0.0028%	8h	1,166.1	+0.096%	$84K	$84K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	+0.108%	—	—	25x	as long as short
QFEX LLY-USDshort	+0.0049%	1h	1,166.2	+0.109%	$1.2M	$4.5M	10x
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.8	+0.075%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.8	−0.011%	$139K	$61K	20x	as long as short
Nado LLY-PERP	+0.0120%	1h	1,165.1	+0.018%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.6	+1.002%	$10K	$21K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.9	+0.083%	$1K	$7K	10x	as long as short