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 +0.035%

Price spread now: Nado against Aster−0.040%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 Nado

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—+ Points / potential airdropAster: Stage 5 · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.040% cheaper against Aster than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 40 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LLYUSDT	1,163.4	0.0029	pay 0.0029% / 8h	5h 32m	$24K	$3K	20x
Short	Nado LLY-PERP	1,162.9	0.0108	get 0.0014% / 1h	32m 53s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.040%Rate

Funding earned: $16.64
Price spread: −0.040% → 0.000%: −$3.96
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$2.32
Costs to cover: 0.150%
Break-even: 8.0 days

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

Aster and Nado: 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	1,163.2	−0.020%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.1	+0.062%	$792K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.4	+0.003%	$1.3M	$902K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.7	+0.028%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.4	−0.002%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.7	+0.027%	$244	$188K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.8	+0.036%	$1K	$6.0M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,161.7	−0.148%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0018%	1h	1,163	−0.034%	$47K	$41K	5x	as long as short
Aster LLYUSDTlong	+0.0029%	8h	1,163.4	long leg	$24K	$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	1,163.6	+0.016%	$1.2M	$4.6M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.8	−0.055%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,163.2	−0.016%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.4	+0.001%	$137K	$73K	20x	as long as short
Nado LLY-PERPshort	+0.0108%	1h	1,162.9	−0.040%	$39K	$251	10x
Binance LLYUSDT	+0.0109%	8h	1,163.7	+0.027%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0123%	8h	1,163.9	+0.047%	$84K	$84K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+1.067%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0343%	1h	1,164.5	+0.096%	$1K	$7K	10x	as long as short