Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.064%

Price spread now: Nado against Bybit−0.038%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.038% cheaper against Bybit than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,164	0	get 0.0000% / 8h	6h 33m	$1.3M	$581K	25x
Short	Nado LLY-PERP	1,163.6	0.0268	get 0.0033% / 1h	33m 59s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.038%Rate

Funding earned: $56.24
Price spread: −0.038% → 0.000%: −$3.84
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $34.4
Costs to cover: 0.180%
Break-even: 2.7 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	5.20 bp	19.1 bp −$19	376.7 bp −$3,767	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 18 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 LLYUSDTlong	0.0000%	8h	1,164	long leg	$1.3M	$581K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.9	−0.012%	$792K	$644K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164.3	+0.019%	$1.3M	$901K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164	−0.003%	$2.3M	$173K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.9	−0.009%	$221	$193K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.5	+0.040%	$2K	$6.1M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.5	−0.129%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0005%	1h	1,162.9	−0.096%	$47K	$41K	5x	as long as short
Variational Omni LLY	+0.0020%	8h	1,164.5	+0.036%	$192K	$18K	—	as long as short
Aster LLYUSDT	+0.0021%	8h	1,164.2	+0.016%	$24K	$3K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0026%	1h	1,164.7	+0.054%	$1.2M	$4.8M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,163.9	−0.016%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,164.1	+0.005%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164	−0.003%	$137K	$75K	20x	as long as short
Binance LLYUSDT	+0.0140%	8h	1,164.6	+0.044%	$2.0M	$3.1M	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176	+1.027%	$7K	$24K	12x	as long as short
Nado LLY-PERPshort	+0.0268%	1h	1,163.6	−0.038%	$39K	$251	10x
Phoenix LLY	+0.0275%	1h	1,164.6	+0.048%	$1K	$7K	10x	as long as short