Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0151%/8h= −16.5% APRpaid last 24h −0.057%

Price spread now: Bybit against Nado−0.027%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 Bybit

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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.027% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LLY-PERP	1,165.3	0.0151	pay 0.0019% / 1h	12m 28s	$39K	$251	10x
Short	Bybit LLYUSDT	1,165	0	get 0.0000% / 8h	2h 12m	$1.3M	$745K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$31.66
Price spread: −0.027% → 0.000%: −$2.67
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$52.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	1.54 bp	47.5 bp −$47	doesn't fit	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
Aster LLYUSDT	0.0000%	8h	1,164.5	−0.064%	$24K	$3K	20x	as long as short
Bybit LLYUSDTshort	0.0000%	8h	1,165	−0.027%	$1.3M	$745K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.1	−0.016%	$819K	$563K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.1	−0.013%	$1.3M	$912K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,165.6	+0.025%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.4	+0.009%	$191K	$19K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,165	−0.025%	$1K	$6.7M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.1	−0.101%	$5K	$40K	20x	as long as short
QFEX LLY-USD	+0.0006%	1h	1,165	−0.029%	$1.2M	$4.8M	10x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,165.2	−0.011%	$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	−0.016%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.2	−0.008%	$8.6M	$1.1M	10x	as long as short
Binance LLYUSDT	+0.0069%	8h	1,165.1	−0.015%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0095%	8h	1,165.2	−0.010%	$84K	$84K	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.6	−0.059%	$139K	$59K	20x	as long as short
Nado LLY-PERPlong	+0.0151%	1h	1,165.3	long leg	$39K	$251	10x
Injective LLY/USDC PERP	+0.0220%	1h	1,177	+1.005%	$10K	$21K	12x	as long as short
GRVT LLY_USDT_Perp	+0.0294%	8h	1,165.4	+0.009%	$396	$209K	10x	as long as short
Phoenix LLY	+0.0343%	1h	1,164.8	−0.042%	$1K	$7K	10x	as long as short