Funding arb · Price arb /

LLY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0127%/8h= −14.0% APRpaid last 24h −0.028%

Price spread now: Aster against Nado+0.019%68s7-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 Aster

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 · Aster: Stage 5 · 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: −$4 a day on $10k at the current rate. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LLY-PERP	1,166	0.0127	pay 0.0016% / 1h	53m 29s	$39K	$251	10x
Short	Aster LLYUSDT	1,166.3	0	get 0.0000% / 8h	1h 53m	$24K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$26.76
Price spread: +0.019% → 0.000%: $1.91
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.84
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Aster: 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 Nado no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Nado and Aster: 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
BloFin LLY-USDT	−0.0016%	8h	1,165.9	−0.009%	$83K	$86K	20x	as long as short
Aster LLYUSDTshort	0.0000%	8h	1,166.3	+0.019%	$24K	$3K	20x
Binance LLYUSDT	0.0000%	8h	1,166.4	+0.031%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166	−0.001%	$1.3M	$402K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.9	−0.012%	$790K	$567K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.8	−0.021%	$1.3M	$810K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,165.9	−0.009%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166	−0.002%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,166	0.000%	$268	$179K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.1	+0.005%	$2K	$5.8M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,166.1	+0.001%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0012%	1h	1,166.2	+0.016%	$1.2M	$3.7M	10x	as long as short
Aftermath Perps LLYUSD	+0.0017%	1h	1,165.5	−0.050%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.5	+0.038%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.9	−0.012%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166	−0.003%	$137K	$71K	20x	as long as short
Nado LLY-PERPlong	+0.0127%	1h	1,166	long leg	$39K	$251	10x
Phoenix LLY	+0.0206%	1h	1,166.6	+0.048%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.5	+0.983%	$7K	$24K	12x	as long as short