Funding you earn now, next payment 00:00 UTC−0.0230%/8h= −25.2% APRnext payment −$2.30 per $10,000 · paid last 24h −0.034%
Price spread now: OKX against Binance−0.015%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$640.644% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 2 days (all we have)+0.011%+$1 · spread now −0.015%, 7d avg −0.019%
=The price spread sits at its 7-day average of −0.019%, 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 | Binance LLYUSDT | 1,166.3 | 0.0230 | pay 0.0230% / 8h | 1h 14m | $2.0M | $3.1M | 20x |
| Short | OKX LLY-USDT-SWAP | 1,166.1 | 0 | get 0.0000% / 8h | 1h 14m | $819K | $564K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$48.32
- Price spread: −0.015% → −0.019%
- $0.33
- Slippage, 4 orders
- −$44.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$112.42
- Costs to cover
- 0.644%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; OKX: live order book, 2 min ago.
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 Binance live order book, 7 min ago | 1.89 bp | 13.3 bp −$13 | 32.1 bp −$321 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.00 bp | 21.3 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX LLY-USD | −0.0006% | 1h | 1,166.1 | −0.020% | $1.2M | $5.0M | 10x | as long as short |
| Bybit LLYUSDT | 0.0000% | 8h | 1,166 | −0.023% | $1.3M | $636K | 25x | as long as short |
| OKX LLY-USDT-SWAPshort | 0.0000% | 8h | 1,166.1 | −0.015% | $819K | $564K | 20x | |
| Gate LLY_USDT | 0.0000% | 8h | 1,166.3 | −0.001% | $1.3M | $910K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,166.4 | +0.009% | $2.3M | $176K | 20x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,166.3 | +0.002% | $2K | $6.6M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,164.2 | −0.180% | $5K | $40K | 20x | as long as short |
| Aster LLYUSDT | +0.0006% | 8h | 1,165.7 | −0.054% | $24K | $3K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0011% | 1h | 1,166.2 | −0.005% | $47K | $41K | 5x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,166.2 | −0.010% | — | — | 25x | as long as short |
Show all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:LLY | +0.0050% | 1h | 1,166 | −0.024% | $8.6M | $1.1M | 10x | as long as short |
| Variational Omni LLY | +0.0064% | 8h | 1,166.4 | +0.008% | $191K | $19K | — | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,165.7 | −0.050% | $139K | $56K | 20x | as long as short |
| Nado LLY-PERP | +0.0150% | 1h | 1,166.2 | −0.007% | $39K | $251 | 10x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,178.6 | +1.056% | $10K | $21K | 12x | as long as short |
| Binance LLYUSDTlong | +0.0230% | 8h | 1,166.3 | long leg | $2.0M | $3.1M | 20x | |
| BloFin LLY-USDT | +0.0247% | 8h | 1,166.5 | +0.016% | $84K | $84K | 20x | as long as short |
| Phoenix LLY | +0.0274% | 1h | 1,167 | +0.062% | $1K | $7K | 10x | as long as short |
| GRVT LLY_USDT_Perp | +0.0437% | 8h | 1,166.3 | −0.003% | $875 | $208K | 10x | as long as short |
Binance LLYUSDT
OKX LLY-USDT-SWAP
Bybit LLYUSDT
Gate LLY_USDT
Bitget LLYUSDT
SunX LLY-USDT
HTX LLY-USDT
Aster LLYUSDT
Aftermath Perps LLYUSD
tradeXYZ xyz:LLY
Variational Omni LLY
KuCoin LLYUSDTM
Injective LLY/USDC PERP
BloFin LLY-USDT
Phoenix LLY
GRVT LLY_USDT_Perp