Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0573%/8h= +62.8% APRpaid last 24h −0.057%

Price spread now: SunX against Nado+0.121%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 SunX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and SunX is 0.121% dearer against Nado than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LLY-PERP	1,158.8	−0.0573	get 0.0072% / 1h	43m 05s	$39K	$251	10x
Short	SunX LLY-USDT	1,160.2	0	get 0.0000% / 8h	5h 43m	$2K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.121%Rate

Funding earned: $120.36
Price spread: +0.121% → 0.000%: $12.11
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $117.46
Costs to cover: 0.150%
Break-even: 0.2 days

Slippage unknown: Nado: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago	46.52 bp	65.2 bp −$65	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 exchanges

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
Nado LLY-PERPlong	−0.0573%	1h	1,158.8	long leg	$39K	$251	10x
tradeXYZ xyz:LLY	−0.0281%	1h	1,158.9	+0.009%	$8.7M	$1.2M	10x	as long as short
Bybit LLYUSDT	−0.0110%	8h	1,160	+0.101%	$1.4M	$477K	25x	as long as short
GRVT LLY_USDT_Perp	−0.0081%	8h	1,160.7	+0.169%	$267	$151K	10x	as long as short
BloFin LLY-USDT	−0.0020%	8h	1,160	+0.101%	$86K	$87K	20x	as long as short
Aftermath Perps LLYUSD	−0.0010%	1h	1,160.3	+0.129%	$47K	$50K	5x	as long as short
Aster LLYUSDT	0.0000%	8h	1,160.2	+0.118%	$23K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,160.5	+0.150%	$2.0M	$3.4M	20x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,159.8	+0.087%	$810K	$558K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,160	+0.105%	$1.3M	$632K	25x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget LLYUSDT	0.0000%	8h	1,160.4	+0.137%	$2.3M	$179K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,160.1	+0.108%	$190K	$21K	—	as long as short
SunX LLY-USDTshort	0.0000%	8h	1,160.2	+0.121%	$2K	$4.7M	10x
HTX LLY-USDT	0.0000%	8h	1,159.4	+0.049%	$5K	$42K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,159.8	+0.083%	—	—	25x	as long as short
QFEX LLY-USD	+0.0058%	1h	1,159.7	+0.078%	$1.2M	$3.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0073%	8h	1,158.7	−0.008%	$140K	$227K	20x	as long as short
Phoenix LLY	+0.0207%	1h	1,159.6	+0.069%	$1K	$9K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,160	+0.104%	$20K	$37K	12x	as long as short