Settings8H · net · $10k
Funding arb · Price arb /

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.011%
Price spread now: Phoenix against Nado+0.102%57s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 +$3 a day on $10k at the current rate, and Phoenix is 0.102% dearer against Nado than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado LLY-PERP1,165.10.0113pay 0.0014% / 1h47m 51s$39K$25110x
ShortPhoenix LLY1,166.30.0206get 0.0026% / 1h47m 51s$1K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$19.45
Price spread: +0.102% → 0.000%
$10.22
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$15.67
Costs to cover
0.140%
Break-even
1.4 days
Slippage unknown: Nado: no order-book sample; Phoenix: 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado no order-book sample
Sell Phoenix no order-book sample
Nado and Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LLYUSDT0.0000%8h1,165.5+0.033%$1.3M$625K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,166.3+0.102%$818K$575K20xas long as short
Gate LLY_USDT0.0000%8h1,165.8+0.056%$1.3M$896K25xas long as short
Bitget LLYUSDT0.0000%8h1,166.3+0.102%$2.3M$178K20xas long as short
GRVT LLY_USDT_Perp0.0000%8h1,166+0.078%$257$201K10xas long as short
SunX LLY-USDT0.0000%8h1,165.6+0.042%$1K$6.4M10xas long as short
HTX LLY-USDT0.0000%8h1,163.8−0.117%$5K$41K20xas long as short
QFEX LLY-USD+0.0004%1h1,165.9+0.064%$1.2M$5.2M10xas long as short
Aftermath Perps LLYUSD+0.0008%1h1,165.5+0.032%$47K$42K5xas long as short
Vest LLY-USD-PERP+0.0046%1h1,166+0.078%25xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:LLY+0.0050%1h1,165.4+0.025%$8.6M$1.1M10xas long as short
KuCoin LLYUSDTM+0.0100%8h1,165.5+0.034%$138K$77K20xas long as short
Nado LLY-PERPlong+0.0113%1h1,165.1long leg$39K$25110x
Aster LLYUSDT+0.0146%8h1,165.8+0.063%$24K$3K20xas long as short
Variational Omni LLY+0.0169%8h1,166.1+0.082%$191K$17Kas long as short
Phoenix LLYshort+0.0206%1h1,166.3+0.102%$1K$7K10x
Injective LLY/USDC PERP+0.0220%1h1,178.3+1.132%$10K$21K12xas long as short
BloFin LLY-USDT+0.0298%8h1,165.8+0.056%$84K$85K20xas long as short
Binance LLYUSDT+0.0311%8h1,165.8+0.057%$2.0M$3.1M20xas long as short