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

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0157%/8h= −17.2% APRnext payment $0.20 per $10,000 · paid last 24h −0.012%
Price spread now: Nado against Phoenix−0.111%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.111% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix LLY1,164.60.0343pay 0.0043% / 1h51m 17s$1K$7K10x
ShortNado LLY-PERP1,163.30.0186get 0.0023% / 1h51m 17s$39K$25110x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Phoenix. 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
−$33.06
Price spread: −0.111% → 0.000%
−$11.09
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$58.15
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell Nado no order-book sample
Phoenix and 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 18 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%8h1,163.2−0.120%$1.3M$581K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,163.6−0.086%$792K$645K20xas long as short
Gate LLY_USDT0.0000%8h1,163.5−0.094%$1.3M$901K25xas long as short
Bitget LLYUSDT0.0000%8h1,163.9−0.058%$2.3M$176K20xas long as short
GRVT LLY_USDT_Perp0.0000%8h1,164−0.051%$210$190K10xas long as short
SunX LLY-USDT0.0000%8h1,163.6−0.086%$2K$6.0M10xas long as short
HTX LLY-USDT0.0000%8h1,162.3−0.201%$5K$40K20xas long as short
Aftermath Perps LLYUSD+0.0021%1h1,163.1−0.129%$47K$41K5xas long as short
Variational Omni LLY+0.0024%8h1,164.1−0.044%$192K$18Kas long as short
QFEX LLY-USD+0.0043%1h1,163.5−0.096%$1.2M$4.7M10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest LLY-USD-PERP+0.0046%1h1,162.7−0.167%25xas long as short
Aster LLYUSDT+0.0059%8h1,163.6−0.088%$24K$3K20xas long as short
KuCoin LLYUSDTM+0.0100%8h1,163.5−0.094%$137K$76K20xas long as short
Binance LLYUSDT+0.0149%8h1,163.6−0.089%$2.0M$3.1M20xas long as short
tradeXYZ xyz:LLY+0.0176%1h1,163−0.137%$8.7M$1.2M10xas long as short
Nado LLY-PERPshort+0.0186%1h1,163.3−0.111%$39K$25110x
Injective LLY/USDC PERP+0.0220%1h1,175.6+0.945%$7K$24K12xas long as short
Phoenix LLYlong+0.0343%1h1,164.6long leg$1K$7K10x