Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.044%

Price spread now: Aster against Phoenix−0.009%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aster

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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LLY	1,164.9	0.0274	pay 0.0034% / 1h	11m 08s	$1K	$7K	10x
Short	Aster LLYUSDT	1,164.8	0	get 0.0000% / 8h	11m 08s	$24K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$57.62
Price spread: −0.009% → 0.000%: −$0.89
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$73.51
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Aster: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Phoenix and 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
BloFin LLY-USDT	−0.0026%	8h	1,165.6	+0.063%	$84K	$86K	20x	as long as short
Aster LLYUSDTshort	0.0000%	8h	1,164.8	−0.009%	$24K	$3K	20x
Binance LLYUSDT	0.0000%	8h	1,165.1	+0.018%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,164.6	−0.022%	$1.3M	$346K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.8	−0.009%	$795K	$571K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164.8	−0.009%	$1.3M	$758K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.1	+0.102%	$2.3M	$166K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.3	+0.031%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.2	+0.027%	$221	$171K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.2	+0.026%	$2K	$5.6M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,163.7	−0.100%	$5K	$42K	20x	as long as short
QFEX LLY-USD	+0.0022%	1h	1,165.1	+0.017%	$1.2M	$3.1M	10x	as long as short
Aftermath Perps LLYUSD	+0.0026%	1h	1,165.2	+0.029%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.1	−0.068%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0084%	1h	1,164.8	−0.009%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.8	−0.009%	$136K	$73K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.099%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0240%	1h	1,164.7	−0.020%	$39K	$251	10x	as long as short
Phoenix LLYlong	+0.0274%	1h	1,164.9	long leg	$1K	$7K	10x