Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h +0.057%

Price spread now: Nado against SunX−0.016%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Nado

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LLY-USDT	1,162.1	0	get 0.0000% / 8h	4h 57m	$2K	$4.4M	10x
Short	Nado LLY-PERP	1,161.9	−0.0253	pay 0.0032% / 1h	57m 06s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.016%Rate

Funding earned: −$53.14
Price spread: −0.016% → 0.000%: −$1.58
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$69.72
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 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 SunX live order book, 5 min ago	46.42 bp	64.6 bp −$65	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 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-PERPshort	−0.0253%	1h	1,161.9	−0.016%	$39K	$251	10x
tradeXYZ xyz:LLY	−0.0094%	1h	1,161	−0.095%	$8.7M	$1.1M	10x	as long as short
Bybit LLYUSDT	−0.0075%	8h	1,161.6	−0.044%	$1.4M	$501K	25x	as long as short
Aftermath Perps LLYUSD	−0.0024%	1h	1,162.8	+0.064%	$47K	$50K	5x	as long as short
GRVT LLY_USDT_Perp	−0.0007%	8h	1,163	+0.078%	$965	$150K	10x	as long as short
Aster LLYUSDT	0.0000%	8h	1,162.3	+0.014%	$23K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,162.2	+0.009%	$2.0M	$3.4M	20x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,162.2	+0.009%	$819K	$548K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.1	−0.003%	$1.3M	$618K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,162.4	+0.022%	$2.3M	$178K	20x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LLY	0.0000%	8h	1,163	+0.077%	$190K	$20K	—	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,162.1	long leg	$2K	$4.4M	10x
HTX LLY-USDT	0.0000%	8h	1,164.5	+0.206%	$5K	$42K	20x	as long as short
QFEX LLY-USD	+0.0013%	1h	1,161.9	−0.019%	$1.2M	$3.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0023%	8h	1,161.8	−0.026%	$141K	$278K	20x	as long as short
BloFin LLY-USDT	+0.0027%	8h	1,162.4	+0.024%	$87K	$87K	20x	as long as short
Injective LLY/USDC PERP	+0.0033%	1h	1,160	−0.181%	$20K	$37K	12x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.1	+0.003%	—	—	25x	as long as short
Phoenix LLY	+0.0207%	1h	1,162.2	+0.009%	$1K	$9K	10x	as long as short