Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.002%

Price spread now: Nado against BloFin−0.136%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.136% cheaper against BloFin than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 3.0 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LLY-USDT	1,164	−0.0001	get 0.0001% / 8h	4h 09m	$83K	$85K	20x
Short	Nado LLY-PERP	1,162.4	0.0150	get 0.0019% / 1h	9m 55s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.136%Rate

Funding earned: $31.84
Price spread: −0.136% → 0.000%: −$13.61
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$0.77
Costs to cover: 0.190%
Break-even: 7.2 days

Slippage unknown: BloFin: no order-book sample; 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 BloFin no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

BloFin and 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-USDTlong	−0.0001%	8h	1,164	long leg	$83K	$85K	20x
Aster LLYUSDT	0.0000%	8h	1,163.5	−0.047%	$24K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,163	−0.087%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.4	−0.053%	$790K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.2	−0.072%	$1.3M	$881K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164.1	+0.003%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.5	−0.041%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164.1	+0.008%	$221	$186K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,163.7	−0.027%	$2K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.4	−0.138%	$5K	$41K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance LLYUSDT	+0.0012%	8h	1,163.7	−0.025%	$2.0M	$3.1M	20x	as long as short
Aftermath Perps LLYUSD	+0.0021%	1h	1,162.9	−0.096%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,163.8	−0.023%	$1.2M	$4.2M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.8	−0.108%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,162.9	−0.096%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.7	−0.027%	$137K	$74K	20x	as long as short
Nado LLY-PERPshort	+0.0150%	1h	1,162.4	−0.136%	$39K	$251	10x
Injective LLY/USDC PERP	+0.0220%	1h	1,176.2	+1.046%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0275%	1h	1,163.6	−0.036%	$1K	$7K	10x	as long as short