LLY Funding Rate — Eli Lilly tokenized stock perpetuals across 10 venues
Tokenized stock (xStock) perpetual · compared across 10 venues · net of estimated fees · updated every few minutesLLY represents tokenized exposure to Eli Lilly shares (a Backed.fi xStock) traded as a perpetual. The perp, its funding and the underlying share are three different things — read the rate with liquidity and the backtest below.
Live annualized LLY perpetual funding across all 10 venues Perpia tracks. Right now LLY funding is positive on 2 and negative on 1, ranging from +5.5% on Hyperliquid to -29.0% on Nado — a spread of 34.5%. The widest delta-neutral trade is long Nado / short Ostium at 22.4% net APR.
LLY funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 10 venuesThis route is 5 pp below the widest one right now (Nado → Hyperliquid). The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 10 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Hyperliquid↗ | +5.5% | every 1h | |
| trade.xyz↗ | +5.5% | every 1h | |
| Ostium↗short | +0.0% | every 1h | |
| OKX↗ | +0.0% | every 8h | |
| Variational↗ | +0.0% | every 8h | |
| Gate.io↗ | +0.0% | every 8h | |
| Bybit↗ | +0.0% | every 8h | |
| KuCoin↗ | +0.0% | every 8h | |
| Bitget↗ | +0.0% | every 8h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Nado↗long | −29.0% | every 24h | |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Nado vs Ostium page. 9 pairs scanned for LLY.
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LLY — FAQ
Is LLY funding positive right now?
LLY perpetual funding is positive on 2 of 10 venues Perpia tracks and negative on 1. The highest is +5.5% on Hyperliquid; the lowest is -29.0% on Nado.
What is the best LLY funding arbitrage right now?
Go long Nado and short Ostium for about 22.4% net APR after fees — the widest delta-neutral LLY spread Perpia currently sees.
Which exchange has the highest LLY funding rate?
Hyperliquid, at +5.5% annualized. Funding shifts continuously, so check the live table above before trading.
How LLY funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Related tokenized stocks
same catalogSee the full list on the tokenized stocks hub.