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 −0.064%

Price spread now: Bybit against Nado+0.033%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Bybit

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 pays, funding is against you. Bybit is 0.033% dearer against Nado than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LLY-PERP	1,165.1	0.0113	pay 0.0014% / 1h	47m 52s	$39K	$251	10x
Short	Bybit LLYUSDT	1,165.5	0	get 0.0000% / 8h	7h 47m	$1.3M	$625K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Nado. 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 NadobpFee BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$23.75
Price spread: +0.033% → 0.000%: $3.27
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.48
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Bybit: live order book, 3 min ago. 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 Nado no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	5.45 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit

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 LLYUSDTshort	0.0000%	8h	1,165.5	+0.033%	$1.3M	$625K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.3	+0.102%	$818K	$575K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.8	+0.056%	$1.3M	$896K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.3	+0.102%	$2.3M	$178K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,166	+0.078%	$257	$201K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.6	+0.042%	$1K	$6.4M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.8	−0.117%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0004%	1h	1,165.9	+0.064%	$1.2M	$5.2M	10x	as long as short
Aftermath Perps LLYUSD	+0.0008%	1h	1,165.5	+0.032%	$47K	$42K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166	+0.078%	—	—	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	+0.025%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.5	+0.034%	$138K	$77K	20x	as long as short
Nado LLY-PERPlong	+0.0113%	1h	1,165.1	long leg	$39K	$251	10x
Aster LLYUSDT	+0.0146%	8h	1,165.8	+0.063%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0169%	8h	1,166.1	+0.082%	$191K	$17K	—	as long as short
Phoenix LLY	+0.0206%	1h	1,166.3	+0.102%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.3	+1.132%	$10K	$21K	12x	as long as short
BloFin LLY-USDT	+0.0298%	8h	1,165.8	+0.056%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0311%	8h	1,165.8	+0.057%	$2.0M	$3.1M	20x	as long as short