Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.066%

Price spread now: Nado against SunX−0.035%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Nado

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

Funding pays, the price is against you. Nado is 0.035% cheaper against SunX than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LLY-USDT	1,165.2	0	get 0.0000% / 8h	3h 27m	$1K	$5.8M	10x
Short	Nado LLY-PERP	1,164.8	0.0201	get 0.0025% / 1h	27m 00s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.035%Rate

Funding earned: $42.15
Price spread: −0.035% → 0.000%: −$3.45
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $23.7
Costs to cover: 0.150%
Break-even: 3.1 days

Slippage unknown: SunX: live order book, 12 min ago; Nado: 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 SunX live order book, 12 min ago	46.37 bp	64.4 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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	−0.0010%	8h	1,165.1	−0.011%	$83K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,164.9	−0.023%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.2	−0.003%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165	−0.021%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.9	−0.026%	$790K	$605K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164.8	−0.033%	$1.3M	$853K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,165.1	−0.007%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165	−0.014%	$192K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165	−0.020%	$221	$184K	10x	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,165.2	long leg	$1K	$5.8M	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	1,164.9	−0.030%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0019%	1h	1,164.2	−0.083%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,165	−0.017%	$1.2M	$4.0M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.6	−0.053%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165	−0.017%	$137K	$72K	20x	as long as short
tradeXYZ xyz:LLY	+0.0122%	1h	1,164.5	−0.060%	$8.7M	$1.2M	10x	as long as short
Nado LLY-PERPshort	+0.0201%	1h	1,164.8	−0.035%	$39K	$251	10x
Injective LLY/USDC PERP	+0.0220%	1h	1,175.8	+0.910%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0344%	1h	1,165.1	−0.009%	$1K	$7K	10x	as long as short