Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0230%/8h= −25.2% APRpaid last 24h −0.062%

Price spread now: SunX against Nado+0.030%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 SunX

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 pays, funding is against you. SunX is 0.030% dearer against Nado than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LLY-PERP	1,165.4	0.0230	pay 0.0029% / 1h	33m 18s	$39K	$251	10x
Short	SunX LLY-USDT	1,165.7	0	get 0.0000% / 8h	33m 18s	$2K	$5.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$48.33
Price spread: +0.030% → 0.000%: $2.99
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$60.34
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	45.89 bp	64.7 bp −$65	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	−0.0016%	8h	1,166	+0.055%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.5	+0.017%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.6	+0.019%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.6	+0.025%	$1.3M	$347K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.6	+0.021%	$795K	$572K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.6	+0.020%	$1.3M	$756K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166	+0.057%	$2.3M	$167K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.6	+0.017%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.6	+0.025%	$210	$173K	10x	as long as short
SunX LLY-USDTshort	0.0000%	8h	1,165.7	+0.030%	$2K	$5.6M	10x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,165.4	+0.002%	$6K	$42K	20x	as long as short
Aftermath Perps LLYUSD	+0.0020%	1h	1,165.7	+0.033%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0022%	1h	1,165.6	+0.021%	$1.2M	$3.3M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.3	−0.006%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.6	+0.021%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.4	+0.004%	$137K	$67K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.060%	$7K	$24K	12x	as long as short
Nado LLY-PERPlong	+0.0230%	1h	1,165.4	long leg	$39K	$251	10x
Phoenix LLY	+0.0274%	1h	1,166.9	+0.133%	$1K	$7K	10x	as long as short