Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.062%

Price spread now: SunX against Nado+0.007%7-day average — · you sell dearer than you buy

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

Long on Nado Short on SunX

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: −$6 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	1,165.8	0.0190	pay 0.0024% / 1h	50m 59s	$39K	$251	10x
Short	SunX LLY-USDT	1,165.9	0	get 0.0000% / 8h	50m 59s	$2K	$5.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$39.89
Price spread: +0.007% → 0.000%: $0.7
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$54.19
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	46.31 bp	65.4 bp −$65	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
BloFin LLY-USDT	−0.0028%	8h	1,165.8	0.000%	$84K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.9	+0.005%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.8	+0.001%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.7	−0.014%	$1.3M	$350K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.8	−0.002%	$790K	$566K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.3	−0.043%	$1.3M	$755K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.2	+0.035%	$2.3M	$167K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.8	−0.006%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.7	−0.007%	$221	$176K	10x	as long as short
SunX LLY-USDTshort	0.0000%	8h	1,165.9	+0.007%	$2K	$5.7M	10x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,164.4	−0.123%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0019%	1h	1,165.7	−0.011%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0022%	1h	1,165.7	−0.008%	$1.2M	$3.4M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.6	−0.022%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.6	−0.019%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.7	−0.010%	$137K	$67K	20x	as long as short
Nado LLY-PERPlong	+0.0190%	1h	1,165.8	long leg	$39K	$251	10x
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.019%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.7	+0.076%	$1K	$7K	10x	as long as short