Funding arb · Price arb /

LLY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0258%/8hpaid last 24h +0.061%

Price spread now: Nado against Bitget+0.006%84s7-day average — · you sell dearer than you buy

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

Long on Bitget 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,165.9	0	get 0.0000% / 8h	4h 52m	$2.3M	$176K	20x
Short	Nado LLY-PERP	1,166	0.0258	get 0.0032% / 1h	52m 15s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now +0.006%Rate

Funding earned: $54.28
Price spread: +0.006% → 0.000%: $0.63
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $35.91
Costs to cover: 0.190%
Break-even: 2.4 days

Slippage unknown: Bitget: live order book, 6 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 Bitget live order book, 6 min ago	3.08 bp	13.5 bp −$14	26.2 bp −$262	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
Aster LLYUSDT	0.0000%	8h	1,165.2	−0.064%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.7	−0.014%	$1.9M	$3.0M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,164.9	−0.082%	$1.3M	$940K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165	−0.077%	$817K	$558K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.8	−0.011%	$1.3M	$892K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,165.9	long leg	$2.3M	$176K	20x
Variational Omni LLY	0.0000%	8h	1,168.6	+0.229%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,166.8	+0.080%	$712	$198K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.9	0.000%	$2K	$6.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.7	−0.015%	$6K	$40K	20x	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	+0.0027%	1h	1,165.5	−0.034%	$1.2M	$4.4M	10x	as long as short
BloFin LLY-USDT	+0.0030%	8h	1,167.9	+0.173%	$86K	$83K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.8	−0.091%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0084%	1h	1,165.1	−0.069%	$8.7M	$1.0M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.3	−0.051%	$139K	$60K	20x	as long as short
Aftermath Perps LLYUSD	+0.0111%	1h	1,166.8	+0.077%	$47K	$41K	5x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,181.1	+1.304%	$10K	$21K	12x	as long as short
Nado LLY-PERPshort	+0.0258%	1h	1,166	+0.006%	$39K	$251	10x
Phoenix LLY	+0.0274%	1h	1,169.2	+0.283%	$1K	$7K	10x	as long as short