Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.016%

Price spread now: Aftermath Perps against KuCoin−0.054%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aftermath Perps is 0.054% cheaper against KuCoin than usual: you would sell low and buy high (−$5 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	KuCoin LLYUSDTM	1,163.6	0.0100	pay 0.0100% / 8h	5h 48m	$137K	$76K	20x
Short	Aftermath Perps LLYUSD	1,163	0.0021	get 0.0003% / 1h	48m 11s	$47K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against KuCoin. 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 KuCoinbpFee Aftermath PerpsbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$16.68
Price spread: −0.054% → 0.000%: −$5.35
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$43.03
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 41 min ago; 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 KuCoin live order book, 41 min ago	12.91 bp	590.2 bp −$590	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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 18 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	1,163.4	−0.015%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164	+0.034%	$792K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.3	−0.029%	$1.3M	$902K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164	+0.037%	$2.3M	$176K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164	+0.037%	$221	$188K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.6	0.000%	$2K	$6.0M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.3	−0.108%	$5K	$40K	20x	as long as short
Variational Omni LLY	+0.0016%	8h	1,163.5	−0.011%	$192K	$18K	—	as long as short
Aftermath Perps LLYUSDshort	+0.0021%	1h	1,163	−0.054%	$47K	$41K	5x
QFEX LLY-USD	+0.0043%	1h	1,163.6	0.000%	$1.2M	$4.7M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERP	+0.0046%	1h	1,162.8	−0.071%	—	—	25x	as long as short
Aster LLYUSDT	+0.0052%	8h	1,163.6	−0.003%	$24K	$3K	20x	as long as short
KuCoin LLYUSDTMlong	+0.0100%	8h	1,163.6	long leg	$137K	$76K	20x
tradeXYZ xyz:LLY	+0.0101%	1h	1,163.3	−0.026%	$8.7M	$1.2M	10x	as long as short
Binance LLYUSDT	+0.0143%	8h	1,164.1	+0.045%	$2.0M	$3.1M	20x	as long as short
Nado LLY-PERP	+0.0148%	1h	1,163.3	−0.025%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.6	+1.031%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0343%	1h	1,164.6	+0.086%	$1K	$7K	10x	as long as short