Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0250%/8h= +27.3% APRpaid last 24h +0.038%

Price spread now: Nado against Variational Omni+0.010%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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 airdropVariational Omni: Active · Nado: 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: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LLY	1,162.8	0.0024	pay 0.0024% / 8h	6h 38m	$191K	$17K	—
Short	Nado LLY-PERP	1,163	0.0274	get 0.0034% / 1h	38m 52s	$39K	$251	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now +0.010%Rate

Funding earned: $52.4
Price spread: +0.010% → 0.000%: $0.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $46.37
Costs to cover: 0.070%
Break-even: 0.8 days

Slippage unknown: Variational Omni: RFQ quote, 30 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 Variational Omni RFQ quote, 30 min ago	4.82 bp	doesn't fit	66.3 bp −$663	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
Bybit LLYUSDT	0.0000%	8h	1,163.5	+0.058%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,164	+0.099%	$793K	$641K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.7	+0.070%	$1.3M	$900K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164	+0.097%	$2.3M	$173K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,163	+0.012%	$221	$193K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.1	+0.108%	$1K	$6.1M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163.6	+0.062%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0005%	1h	1,162.8	−0.006%	$47K	$41K	5x	as long as short
Aster LLYUSDT	+0.0015%	8h	1,163.9	+0.091%	$24K	$3K	20x	as long as short
Variational Omni LLYlong	+0.0024%	8h	1,162.8	long leg	$191K	$17K	—

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0026%	1h	1,163.7	+0.070%	$1.2M	$4.8M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.7	−0.015%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,163.6	+0.065%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.6	+0.065%	$137K	$75K	20x	as long as short
BloFin LLY-USDT	+0.0129%	8h	1,162.8	−0.007%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0136%	8h	1,164.3	+0.125%	$2.0M	$3.1M	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176	+1.131%	$7K	$24K	12x	as long as short
Nado LLY-PERPshort	+0.0274%	1h	1,163	+0.010%	$39K	$251	10x
Phoenix LLY	+0.0275%	1h	1,163.3	+0.039%	$1K	$7K	10x	as long as short