Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.005%

Price spread now: Nado against Binance−0.083%7-day average — · you buy dearer than you sell

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

Long on Binance 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 0.083% cheaper against Binance than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LLYUSDT	1,164.6	0.0139	pay 0.0139% / 8h	6h 35m	$2.0M	$3.1M	20x
Short	Nado LLY-PERP	1,163.6	0.0268	get 0.0034% / 1h	35m 34s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.083%Rate

Funding earned: $27.25
Price spread: −0.083% → 0.000%: −$8.32
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $1.93
Costs to cover: 0.170%
Break-even: 6.5 days

Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago	1.72 bp	12.0 bp −$12	32.6 bp −$326	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
Bybit LLYUSDT	0.0000%	8h	1,163.6	−0.081%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.9	−0.056%	$792K	$644K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164.2	−0.031%	$1.3M	$901K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164	−0.049%	$2.3M	$173K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.9	−0.053%	$221	$193K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.4	−0.013%	$2K	$6.1M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,161.8	−0.234%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0005%	1h	1,162.9	−0.144%	$47K	$41K	5x	as long as short
Aster LLYUSDT	+0.0019%	8h	1,164	−0.049%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0020%	8h	1,164.5	−0.008%	$192K	$18K	—	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0026%	1h	1,164.5	−0.002%	$1.2M	$4.8M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,163.1	−0.121%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,163.9	−0.056%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.8	−0.064%	$137K	$75K	20x	as long as short
BloFin LLY-USDT	+0.0129%	8h	1,162.8	−0.153%	$84K	$85K	20x	as long as short
Binance LLYUSDTlong	+0.0139%	8h	1,164.6	long leg	$2.0M	$3.1M	20x
Injective LLY/USDC PERP	+0.0220%	1h	1,176	+0.983%	$7K	$24K	12x	as long as short
Nado LLY-PERPshort	+0.0268%	1h	1,163.6	−0.083%	$39K	$251	10x
Phoenix LLY	+0.0275%	1h	1,163.3	−0.107%	$1K	$7K	10x	as long as short