Funding arb · Price arb /

LLY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.059%

Price spread now: Gate against Nado−0.008%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 Gate

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LLY-PERP	1,165.6	−0.0052	get 0.0006% / 1h	2m 23s	$39K	$251	10x
Short	Gate LLY_USDT	1,165.5	0	get 0.0000% / 8h	7h 02m	$1.3M	$645K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.008%Rate

Funding earned: $10.85
Price spread: −0.008% → 0.000%: −$0.77
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$11.93
Costs to cover: 0.220%
Break-even: 14.7 days

Slippage unknown: Nado: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	10.13 bp	20.1 bp −$20	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
Nado LLY-PERPlong	−0.0052%	1h	1,165.6	long leg	$39K	$251	10x
Aster LLYUSDT	0.0000%	8h	1,165.1	−0.039%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.9	+0.028%	$2.0M	$3.0M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.7	+0.009%	$1.3M	$293K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.4	+0.070%	$795K	$546K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,165.5	−0.008%	$1.3M	$645K	25x
Bitget LLYUSDT	0.0000%	8h	1,165	−0.051%	$2.3M	$116K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.5	−0.007%	$191K	$20K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.4	−0.018%	$245	$163K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.6	+0.001%	$2K	$5.1M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,164.1	−0.132%	$5K	$42K	20x	as long as short
BloFin LLY-USDT	+0.0006%	8h	1,165.7	+0.005%	$84K	$85K	20x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,165	−0.054%	$47K	$27K	5x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,165.6	−0.003%	$1.2M	$3.0M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.6	−0.086%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.3	−0.025%	$8.7M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.8	−0.068%	$137K	$140K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.039%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0412%	1h	1,165.6	+0.001%	$1K	$7K	10x	as long as short