Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h −0.057%

Price spread now: Bybit against Nado+0.005%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 Bybit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LLY-PERP	1,165.2	0.0182	pay 0.0023% / 1h	16m 30s	$39K	$251	10x
Short	Bybit LLYUSDT	1,165.2	0	get 0.0000% / 8h	3h 16m	$1.3M	$523K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$38.23
Price spread: +0.005% → 0.000%: $0.54
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$55.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	6.22 bp	24.1 bp −$24	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 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	−0.0018%	8h	1,165.5	+0.029%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.5	+0.031%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.4	+0.024%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDTshort	0.0000%	8h	1,165.2	+0.005%	$1.3M	$523K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,164.9	−0.022%	$790K	$605K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165	−0.011%	$1.3M	$853K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,165.5	+0.029%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.1	−0.004%	$192K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.1	−0.001%	$221	$183K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.3	+0.012%	$1K	$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	1,163.5	−0.140%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0016%	1h	1,164.8	−0.034%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,165.2	+0.003%	$1.2M	$3.9M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.7	−0.040%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0074%	1h	1,164.8	−0.031%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.2	+0.004%	$137K	$72K	20x	as long as short
Nado LLY-PERPlong	+0.0182%	1h	1,165.2	long leg	$39K	$251	10x
Injective LLY/USDC PERP	+0.0220%	1h	1,176.8	+0.999%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0344%	1h	1,165.6	+0.038%	$1K	$7K	10x	as long as short