Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0173%/8h= +18.9% APRpaid last 24h −0.059%

Price spread now: Bitget against Nado−0.084%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.084% cheaper against Nado than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 39 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LLY-PERP	1,166.3	−0.0173	get 0.0022% / 1h	51m 29s	$39K	$251	10x
Short	Bitget LLYUSDT	1,165.3	0	get 0.0000% / 8h	7h 51m	$2.3M	$166K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.084%Rate

Funding earned: $36.24
Price spread: −0.084% → 0.000%: −$8.36
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $8.88
Costs to cover: 0.190%
Break-even: 5.3 days

Slippage unknown: Nado: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	10.17 bp	17.1 bp −$17	56.9 bp −$569	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 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-PERPlong	−0.0173%	1h	1,166.3	long leg	$39K	$251	10x
tradeXYZ xyz:LLY	−0.0019%	1h	1,165.4	−0.077%	$8.7M	$1.1M	10x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.7	−0.047%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.4	−0.076%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.2	−0.010%	$1.3M	$343K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.3	0.000%	$795K	$571K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164.9	−0.123%	$1.3M	$635K	25x	as long as short
Bitget LLYUSDTshort	0.0000%	8h	1,165.3	−0.084%	$2.3M	$166K	20x
Variational Omni LLY	0.0000%	8h	1,165.4	−0.080%	$193K	$19K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.2	−0.096%	$233	$169K	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LLY-USDT	0.0000%	8h	1,165.1	−0.102%	$1K	$5.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.3	−0.083%	$6K	$42K	20x	as long as short
BloFin LLY-USDT	+0.0025%	8h	1,165.6	−0.061%	$84K	$85K	20x	as long as short
Aftermath Perps LLYUSD	+0.0026%	1h	1,165.2	−0.097%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,165	−0.113%	$1.2M	$3.0M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.2	−0.097%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.7	−0.051%	$136K	$88K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+0.978%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0412%	1h	1,165.8	−0.042%	$1K	$7K	10x	as long as short