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: Aster against tradeXYZ+0.037%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ 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 airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.037% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:LLY	1,162.7	0.0055	pay 0.0007% / 1h	24m 16s	$8.7M	$1.2M	10x
Short	Aster LLYUSDT	1,163.1	0.0024	get 0.0024% / 8h	5h 24m	$23K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$6.57
Price spread: +0.037% → 0.000%: $3.69
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.88
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 3 min ago; 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 tradeXYZ live order book, 3 min ago	3.44 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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	−0.010%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.5	+0.069%	$792K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.9	+0.013%	$1.3M	$903K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.4	+0.063%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.1	+0.035%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.6	+0.075%	$268	$189K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.3	+0.052%	$2K	$6.0M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.4	−0.027%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0018%	1h	1,162.6	−0.010%	$47K	$41K	5x	as long as short
Aster LLYUSDTshort	+0.0024%	8h	1,163.1	+0.037%	$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	+0.044%	$1.2M	$4.6M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.4	−0.028%	—	—	25x	as long as short
tradeXYZ xyz:LLYlong	+0.0055%	1h	1,162.7	long leg	$8.7M	$1.2M	10x
BloFin LLY-USDT	+0.0089%	8h	1,163.5	+0.071%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0099%	8h	1,163.4	+0.057%	$2.0M	$3.1M	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.2	+0.043%	$137K	$73K	20x	as long as short
Nado LLY-PERP	+0.0130%	1h	1,162.5	−0.014%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+1.127%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0343%	1h	1,163.9	+0.103%	$1K	$7K	10x	as long as short