Settings8H · net · $10k
Funding arb · Price arb /

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0264%/8h= +28.9% APRnext payment +$0.33 per $10,000 · paid last 24h +0.027%
Price spread now: Phoenix against Nado−0.342%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Funding pays, the price is against you. Phoenix is 0.342% cheaper against Nado than usual: you would sell low and buy high (spread −0.342% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 4.3 days of funding at the current rate (+$8 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado LLY-PERP1,1620.0010pay 0.0001% / 1h12m 32s$39K$25110x
ShortPhoenix LLY1,1580.0275get 0.0034% / 1h12m 32s$1K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$55.46
Price spread: −0.342% → 0.000%
−$34.22
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$7.24
Costs to cover
0.140%
Break-even
6.1 days
Slippage unknown: Nado: no order-book sample; Phoenix: 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado no order-book sample
Sell Phoenix no order-book sample
Nado and Phoenix: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster LLYUSDT0.0000%8h1,161−0.088%$23K$3K20xas long as short
Binance LLYUSDT0.0000%8h1,160.3−0.141%$2.0M$3.3M20xas long as short
Bybit LLYUSDT0.0000%8h1,159.2−0.242%$1.4M$412K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,159.4−0.222%$804K$582K20xas long as short
Gate LLY_USDT0.0000%8h1,159.5−0.210%$1.3M$616K25xas long as short
Bitget LLYUSDT0.0000%8h1,160.3−0.145%$2.3M$169K20xas long as short
Variational Omni LLY0.0000%8h1,160−0.172%$191K$20Kas long as short
GRVT LLY_USDT_Perp0.0000%8h1,159.1−0.250%$220$156K10xas long as short
SunX LLY-USDT0.0000%8h1,160.2−0.153%$1K$4.8M10xas long as short
HTX LLY-USDT0.0000%8h1,159.1−0.252%$6K$42K20xas long as short
Show all 19 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin LLY-USDT+0.0006%8h1,159.9−0.183%$85K$86K20xas long as short
Nado LLY-PERPlong+0.0010%1h1,162long leg$39K$25110x
Aftermath Perps LLYUSD+0.0011%1h1,159−0.260%$47K$42K5xas long as short
Injective LLY/USDC PERP+0.0033%1h1,160−0.170%$20K$37K12xas long as short
Vest LLY-USD-PERP+0.0046%1h1,159.2−0.239%25xas long as short
tradeXYZ xyz:LLY+0.0050%1h1,159−0.256%$8.7M$1.2M10xas long as short
QFEX LLY-USD+0.0075%1h1,159.8−0.191%$1.2M$3.1M10xas long as short
KuCoin LLYUSDTM+0.0100%8h1,158.6−0.291%$140K$195K20xas long as short
Phoenix LLYshort+0.0275%1h1,158−0.342%$1K$7K10x