Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.016%

Price spread now: Binance against Nado+0.048%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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. Binance is 0.048% dearer against Nado than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LLY-PERP	1,143.9	0.0186	pay 0.0023% / 1h	47m 26s	$38K	$251	10x
Short	Binance LLYUSDT	1,144.5	0	get 0.0000% / 8h	4h 47m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: −$39.05
Price spread: +0.048% → 0.000%: $4.84
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$51.2
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Binance: live order book, 12 min ago. 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 Nado no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	1.38 bp	13.4 bp −$13	33.7 bp −$337	doesn't fit	doesn't fit

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 exchanges

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	−0.0039%	8h	1,144.3	+0.038%	$1.4M	$613K	25x	as long as short
BloFin LLY-USDT	−0.0028%	8h	1,145.9	+0.177%	$86K	$86K	20x	as long as short
Aftermath Perps LLYUSD	−0.0018%	1h	1,150.4	+0.568%	$47K	$51K	5x	as long as short
Aster LLYUSDT	0.0000%	8h	1,144.4	+0.043%	$23K	$3K	20x	as long as short
Binance LLYUSDTshort	0.0000%	8h	1,144.5	+0.048%	$2.0M	$3.9M	20x
OKX LLY-USDT-SWAP	0.0000%	8h	1,145.5	+0.140%	$822K	$574K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,144.7	+0.069%	$1.3M	$652K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,145.8	+0.169%	$2.3M	$329K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,148.4	+0.395%	$188K	$21K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,146.8	+0.254%	$768	$151K	10x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LLY-USDT	0.0000%	8h	1,145.8	+0.166%	$2K	$4.5M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,149.1	+0.455%	$5K	$42K	20x	as long as short
QFEX LLY-USD	+0.0013%	1h	1,145.2	+0.117%	$1.2M	$3.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0026%	8h	1,145.3	+0.122%	$149K	$292K	20x	as long as short
Injective LLY/USDC PERP	+0.0033%	1h	1,160	+1.407%	$20K	$37K	12x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,144.6	+0.059%	—	—	25x	as long as short
Phoenix LLY	+0.0069%	1h	1,147.5	+0.315%	$1K	$9K	10x	as long as short
tradeXYZ xyz:LLY	+0.0129%	1h	1,145.3	+0.122%	$8.7M	$1.3M	10x	as long as short
Nado LLY-PERPlong	+0.0186%	1h	1,143.9	long leg	$38K	$251	10x