Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.072%

Price spread now: HTX against Nado−0.137%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 HTX

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 $0 a day on $10k at the current rate, and HTX is 0.137% cheaper against Nado than usual: you would sell low and buy high (−$14 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	1,166.9	0.0011	pay 0.0001% / 1h	14m 48s	$39K	$251	10x
Short	HTX LLY-USDT	1,165.3	0	get 0.0000% / 8h	14m 48s	$5K	$40K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$2.33
Price spread: −0.137% → 0.000%: −$13.7
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.03
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; HTX: no order-book sample. 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 HTX no order-book sample	—	—	—	—	—

Nado and HTX: 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
Bybit LLYUSDT	0.0000%	8h	1,167	+0.010%	$1.3M	$631K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,168	+0.095%	$820K	$573K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.7	−0.013%	$1.3M	$900K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,167.6	+0.060%	$2.3M	$175K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.6	−0.025%	$1K	$6.5M	10x	as long as short
HTX LLY-USDTshort	0.0000%	8h	1,165.3	−0.137%	$5K	$40K	20x
Aftermath Perps LLYUSD	+0.0003%	1h	1,166.7	−0.019%	$47K	$42K	5x	as long as short
Nado LLY-PERPlong	+0.0011%	1h	1,166.9	long leg	$39K	$251	10x
QFEX LLY-USD	+0.0023%	1h	1,166.5	−0.038%	$1.2M	$5.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.6	−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	1,166.8	−0.008%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.7	−0.016%	$138K	$81K	20x	as long as short
Aster LLYUSDT	+0.0119%	8h	1,166.2	−0.057%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0141%	8h	1,166.6	−0.028%	$191K	$19K	—	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.5	+0.995%	$10K	$21K	12x	as long as short
Binance LLYUSDT	+0.0304%	8h	1,166.9	0.000%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0318%	8h	1,166.8	−0.010%	$84K	$84K	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,167.5	+0.052%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0443%	8h	1,166.6	−0.024%	$268	$203K	10x	as long as short