Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.066%

Price spread now: Nado against HTX+0.106%7-day average — · you sell dearer than you buy

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

Long on HTX 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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Nado is 0.106% dearer against HTX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LLY-USDT	1,164.1	0	get 0.0000% / 8h	2h 06m	$5K	$40K	20x
Short	Nado LLY-PERP	1,165.4	0.0153	get 0.0019% / 1h	6m 41s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now +0.106%Rate

Funding earned: $32.16
Price spread: +0.106% → 0.000%: $10.57
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $23.74
Costs to cover: 0.190%
Break-even: 1.8 days

Slippage unknown: HTX: 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 HTX no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

HTX 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
Aster LLYUSDT	0.0000%	8h	1,164.6	+0.039%	$24K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.1	+0.082%	$1.3M	$698K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.9	+0.067%	$818K	$563K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.1	+0.082%	$1.3M	$912K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,165.7	+0.137%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.1	+0.083%	$191K	$19K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.6	+0.127%	$2K	$6.6M	10x	as long as short
HTX LLY-USDTlong	0.0000%	8h	1,164.1	long leg	$5K	$40K	20x
QFEX LLY-USD	+0.0006%	1h	1,165.3	+0.105%	$1.2M	$4.9M	10x	as long as short
Aftermath Perps LLYUSD	+0.0013%	1h	1,165.2	+0.088%	$47K	$41K	5x	as long as short

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	1,165.1	+0.085%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.4	+0.110%	$8.6M	$1.1M	10x	as long as short
BloFin LLY-USDT	+0.0079%	8h	1,165.6	+0.124%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0089%	8h	1,165.6	+0.125%	$2.0M	$3.1M	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.3	+0.015%	$138K	$59K	20x	as long as short
Nado LLY-PERPshort	+0.0153%	1h	1,165.4	+0.106%	$39K	$251	10x
Injective LLY/USDC PERP	+0.0220%	1h	1,177	+1.106%	$10K	$21K	12x	as long as short
GRVT LLY_USDT_Perp	+0.0307%	8h	1,165.3	+0.103%	$361	$208K	10x	as long as short
Phoenix LLY	+0.0343%	1h	1,166.1	+0.170%	$1K	$7K	10x	as long as short