Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.006%

Price spread now: tradeXYZ against Aster−0.028%7-day average — · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.028% cheaper against Aster than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LLYUSDT	1,163	0.0024	pay 0.0024% / 8h	5h 24m	$23K	$3K	20x
Short	tradeXYZ xyz:LLY	1,162.7	0.0055	get 0.0007% / 1h	24m 59s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.028%Rate

Funding earned: $6.47
Price spread: −0.028% → 0.000%: −$2.82
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.34
Costs to cover: 0.260%
Break-even: 31.2 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 2 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 tradeXYZ live order book, 2 min ago	3.44 bp	15.0 bp −$15	doesn't fit	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
Bybit LLYUSDT	0.0000%	8h	1,162.6	−0.038%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.5	+0.041%	$792K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.9	−0.015%	$1.3M	$903K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.5	+0.037%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.1	+0.007%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.6	+0.047%	$268	$189K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.3	+0.023%	$2K	$6.0M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.4	−0.055%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0018%	1h	1,162.6	−0.038%	$47K	$41K	5x	as long as short
Aster LLYUSDTlong	+0.0024%	8h	1,163	long leg	$23K	$3K	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0043%	1h	1,163.2	+0.016%	$1.2M	$4.6M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.4	−0.056%	—	—	25x	as long as short
tradeXYZ xyz:LLYshort	+0.0055%	1h	1,162.7	−0.028%	$8.7M	$1.2M	10x
BloFin LLY-USDT	+0.0089%	8h	1,163.5	+0.043%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0100%	8h	1,163.3	+0.027%	$2.0M	$3.1M	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.1	+0.006%	$137K	$73K	20x	as long as short
Nado LLY-PERP	+0.0129%	1h	1,162.6	−0.041%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+1.098%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0343%	1h	1,163.9	+0.075%	$1K	$7K	10x	as long as short