Funding arb · Price arb /

LLY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.072%

Price spread now: Nado against Gate+0.045%7-day average — · you sell dearer than you buy

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

Long on Gate 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 airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.045% dearer against Gate than usual: you sell high and buy low (spread +0.045% 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 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,166.2	0	get 0.0000% / 8h	42m 50s	$1.3M	$898K	25x
Short	Nado LLY-PERP	1,166.7	−0.0028	pay 0.0004% / 1h	42m 50s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now +0.045%Rate

Funding earned: −$5.9
Price spread: +0.045% → 0.000%: $4.49
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.41
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; 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 Gate live order book, 4 min ago	7.89 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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
Nado LLY-PERPshort	−0.0028%	1h	1,166.7	+0.045%	$39K	$251	10x
Bybit LLYUSDT	0.0000%	8h	1,166.2	+0.003%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.2	−0.001%	$819K	$571K	20x	as long as short
Gate LLY_USDTlong	0.0000%	8h	1,166.2	long leg	$1.3M	$898K	25x
Bitget LLYUSDT	0.0000%	8h	1,166.8	+0.048%	$2.3M	$176K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.2	−0.001%	$2K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.8	−0.123%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0005%	1h	1,166.2	−0.005%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,166.4	+0.018%	$1.2M	$5.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.7	+0.039%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.4	+0.016%	$8.6M	$1.1M	10x	as long as short
Aster LLYUSDT	+0.0068%	8h	1,166.1	−0.011%	$24K	$3K	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166	−0.018%	$138K	$81K	20x	as long as short
Variational Omni LLY	+0.0102%	8h	1,166.2	−0.004%	$191K	$19K	—	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.1	+1.020%	$10K	$21K	12x	as long as short
BloFin LLY-USDT	+0.0248%	8h	1,166.6	+0.032%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0270%	8h	1,166.4	+0.013%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,167.5	+0.111%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0454%	8h	1,166.3	+0.010%	$840	$207K	10x	as long as short