Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.073%

Price spread now: Nado against Gate−0.056%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.056% cheaper against Gate than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 40 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,165.8	0	get 0.0000% / 8h	7h 47m	$1.3M	$896K	25x
Short	Nado LLY-PERP	1,165.1	0.0113	get 0.0014% / 1h	47m 53s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.056%Rate

Funding earned: $23.75
Price spread: −0.056% → 0.000%: −$5.59
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$3.84
Costs to cover: 0.220%
Break-even: 8.1 days

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	13.60 bp	26.9 bp −$27	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
Bybit LLYUSDT	0.0000%	8h	1,165.5	−0.023%	$1.3M	$625K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.3	+0.046%	$818K	$575K	20x	as long as short
Gate LLY_USDTlong	0.0000%	8h	1,165.8	long leg	$1.3M	$896K	25x
Bitget LLYUSDT	0.0000%	8h	1,166.3	+0.046%	$2.3M	$178K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,166	+0.022%	$257	$201K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.6	−0.014%	$1K	$6.4M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.8	−0.172%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0004%	1h	1,165.9	+0.009%	$1.2M	$5.2M	10x	as long as short
Aftermath Perps LLYUSD	+0.0008%	1h	1,165.5	−0.024%	$47K	$42K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166	+0.022%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.4	−0.031%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.5	−0.022%	$138K	$77K	20x	as long as short
Nado LLY-PERPshort	+0.0113%	1h	1,165.1	−0.056%	$39K	$251	10x
Aster LLYUSDT	+0.0146%	8h	1,165.8	+0.007%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0169%	8h	1,166.1	+0.027%	$191K	$17K	—	as long as short
Phoenix LLY	+0.0206%	1h	1,166.3	+0.046%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.3	+1.076%	$10K	$21K	12x	as long as short
BloFin LLY-USDT	+0.0298%	8h	1,165.8	0.000%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0311%	8h	1,165.8	+0.001%	$2.0M	$3.1M	20x	as long as short