Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0286%/8h= +31.3% APRpaid last 24h −0.070%

Price spread now: GRVT against Nado−0.016%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 GRVT

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 · GRVT: 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: +$9 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	1,166.4	0.0151	pay 0.0019% / 1h	14m 47s	$39K	$251	10x
Short	GRVT LLY_USDT_Perp	1,166.3	0.0437	get 0.0437% / 8h	1h 14m	$875	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.016%Rate

Funding earned: $60.07
Price spread: −0.016% → 0.000%: −$1.59
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $42.48
Costs to cover: 0.160%
Break-even: 2.0 days

Slippage unknown: Nado: no order-book sample; GRVT: live order book, 2 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 GRVT live order book, 2 min ago	2.06 bp	doesn't fit	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
QFEX LLY-USD	−0.0006%	1h	1,166.1	−0.025%	$1.2M	$5.0M	10x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166	−0.035%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.1	−0.029%	$819K	$564K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.2	−0.019%	$1.3M	$910K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.5	+0.007%	$2.3M	$176K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.4	−0.003%	$2K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.8	−0.138%	$5K	$40K	20x	as long as short
Aster LLYUSDT	+0.0006%	8h	1,165.8	−0.054%	$24K	$3K	20x	as long as short
Aftermath Perps LLYUSD	+0.0011%	1h	1,166.2	−0.016%	$47K	$41K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	−0.024%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLY	+0.0050%	1h	1,166	−0.037%	$8.6M	$1.1M	10x	as long as short
Variational Omni LLY	+0.0064%	8h	1,166.4	−0.005%	$191K	$19K	—	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.7	−0.063%	$139K	$56K	20x	as long as short
Nado LLY-PERPlong	+0.0151%	1h	1,166.4	long leg	$39K	$251	10x
Injective LLY/USDC PERP	+0.0220%	1h	1,178.6	+1.043%	$10K	$21K	12x	as long as short
Binance LLYUSDT	+0.0230%	8h	1,166.2	−0.020%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0247%	8h	1,166.5	+0.003%	$84K	$84K	20x	as long as short
Phoenix LLY	+0.0274%	1h	1,167	+0.048%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perpshort	+0.0437%	8h	1,166.3	−0.016%	$875	$208K	10x