Funding arb · Price arb /

LLY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.016%

Price spread now: Aftermath Perps against SunX−0.081%7-day average — · you buy dearer than you sell

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

Long on SunX 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

Funding pays, the price is against you. Aftermath Perps is 0.081% cheaper against SunX than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 26 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LLY-USDT	1,166	0	get 0.0000% / 8h	1h 47m	$2K	$6.6M	10x
Short	Aftermath Perps LLYUSD	1,165.1	0.0011	get 0.0001% / 1h	47m 58s	$47K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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 SunXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.081%Rate

Funding earned: $2.23
Price spread: −0.081% → 0.000%: −$8.15
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$22.92
Costs to cover: 0.170%
Break-even: 79.0 days

Slippage unknown: SunX: live order book, 11 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 SunX live order book, 11 min ago	46.32 bp	64.5 bp −$64	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 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	1,165.8	−0.020%	$1.2M	$4.9M	10x	as long as short
Aster LLYUSDT	0.0000%	8h	1,164.7	−0.109%	$24K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.3	−0.064%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.2	−0.069%	$819K	$563K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.5	−0.047%	$1.3M	$908K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.1	+0.009%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166	+0.001%	$191K	$19K	—	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,166	long leg	$2K	$6.6M	10x
HTX LLY-USDT	0.0000%	8h	1,164.3	−0.149%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSDshort	+0.0011%	1h	1,165.1	−0.081%	$47K	$41K	5x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERP	+0.0046%	1h	1,165	−0.086%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.6	−0.034%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.3	−0.060%	$139K	$56K	20x	as long as short
Binance LLYUSDT	+0.0148%	8h	1,166	−0.004%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0166%	8h	1,166.1	+0.011%	$84K	$84K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.6	+0.995%	$10K	$21K	12x	as long as short
Nado LLY-PERP	+0.0273%	1h	1,165.1	−0.078%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.2	−0.069%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0360%	8h	1,165.6	−0.031%	$233	$208K	10x	as long as short