Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.072%

Price spread now: Nado against Bitget−0.035%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.035% cheaper against Bitget than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,163.7	0	get 0.0000% / 8h	5h 04m	$2.3M	$176K	20x
Short	Nado LLY-PERP	1,163.2	0.0143	get 0.0018% / 1h	4m 05s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.035%Rate

Funding earned: $30.12
Price spread: −0.035% → 0.000%: −$3.47
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $7.65
Costs to cover: 0.190%
Break-even: 5.2 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	9.36 bp	16.5 bp −$16	29.4 bp −$294	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	1,163.2	−0.043%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.4	−0.021%	$792K	$644K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.9	+0.020%	$1.3M	$904K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,163.7	long leg	$2.3M	$176K	20x
Variational Omni LLY	0.0000%	8h	1,164	+0.034%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163.9	+0.023%	$268	$188K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.2	+0.047%	$823	$6.0M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.5	−0.102%	$6K	$40K	20x	as long as short
Aster LLYUSDT	+0.0014%	8h	1,163.5	−0.015%	$24K	$3K	20x	as long as short
Aftermath Perps LLYUSD	+0.0016%	1h	1,162.9	−0.061%	$47K	$41K	5x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0043%	1h	1,163.9	+0.025%	$1.2M	$4.5M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.7	−0.084%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0074%	1h	1,163.3	−0.030%	$8.7M	$1.2M	10x	as long as short
Binance LLYUSDT	+0.0076%	8h	1,164	+0.034%	$2.0M	$3.1M	20x	as long as short
BloFin LLY-USDT	+0.0085%	8h	1,164	+0.033%	$84K	$84K	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.6	−0.004%	$137K	$73K	20x	as long as short
Nado LLY-PERPshort	+0.0143%	1h	1,163.2	−0.035%	$39K	$251	10x
Injective LLY/USDC PERP	+0.0220%	1h	1,175.2	+0.993%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0343%	1h	1,164.4	+0.064%	$1K	$7K	10x	as long as short