Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0269%/8h= +29.5% APRpaid last 24h +0.066%

Price spread now: Nado against SunX−0.009%48s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Nado

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: +$8 a day on $10k at the current rate. The two prices were read 48 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	SunX LLY-USDT	1,164	0	get 0.0000% / 8h	3h 43m	$1K	$5.8M	10x
Short	Nado LLY-PERP	1,163.9	0.0269	get 0.0034% / 1h	43m 31s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.009%Rate

Funding earned: $56.56
Price spread: −0.009% → 0.000%: −$0.94
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $40.61
Costs to cover: 0.150%
Break-even: 2.0 days

Slippage unknown: SunX: live order book, 5 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 5 min ago	45.52 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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	−0.0020%	8h	1,164.1	+0.008%	$83K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,164.2	+0.019%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,164	+0.001%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,163.9	−0.010%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.6	−0.034%	$789K	$635K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.7	−0.030%	$1.3M	$852K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164.6	+0.052%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163.9	−0.011%	$192K	$16K	—	as long as short
SunX LLY-USDTlong	0.0000%	8h	1,164	long leg	$1K	$5.8M	10x
HTX LLY-USDT	0.0000%	8h	1,162.6	−0.119%	$5K	$41K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LLYUSD	+0.0023%	1h	1,163.4	−0.053%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0042%	1h	1,164.1	+0.009%	$1.2M	$4.1M	10x	as long as short
GRVT LLY_USDT_Perp	+0.0042%	8h	1,164.3	+0.025%	$233	$185K	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,163.9	−0.006%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.1	+0.009%	$137K	$74K	20x	as long as short
tradeXYZ xyz:LLY	+0.0143%	1h	1,163.9	−0.009%	$8.7M	$1.2M	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.3	+1.057%	$7K	$24K	12x	as long as short
Nado LLY-PERPshort	+0.0269%	1h	1,163.9	−0.009%	$39K	$251	10x
Phoenix LLY	+0.0344%	1h	1,164.3	+0.026%	$1K	$7K	10x	as long as short