Funding you earn now, next payment 11:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h +0.028%
Price spread now: tradeXYZ against OKX−0.121%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$760.765% of the position
Funding, last 7 days+0.266%+$27 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.121%, 7d avg −0.039%
=Together, before fees+0.306%+ Points / potential airdroptradeXYZ: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and tradeXYZ is 0.082% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.039%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.266%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.266% in total (about 13.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX LLY-USDT-SWAP | 1,159.8 | 0 | get 0.0000% / 8h | 5h 44m | $810K | $558K | 20x |
| Short | tradeXYZ xyz:LLY | 1,158.4 | −0.0380 | pay 0.0048% / 1h | 44m 32s | $8.7M | $1.2M | 10x |
OKX LLY-USDT-SWAP
tradeXYZ xyz:LLYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. 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
- −$79.86
- Price spread: −0.121% → −0.039%
- −$8.16
- Slippage, 4 orders
- −$48.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$164.48
- Costs to cover
- 0.765%
- Break-even
- never at this rate
Slippage from OKX: live order book, 64 min ago; tradeXYZ: live order book, 7 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 OKX live order book, 64 min ago | 3.43 bp | 16.9 bp −$17 | 351.2 bp −$3,512 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 3.02 bp | 14.0 bp −$14 | 26.9 bp −$269 | doesn't fit | doesn't fit |
LLY on 19 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado LLY-PERP | −0.0627% | 1h | 1,158.8 | −0.087% | $39K | $251 | 10x | as long as short |
| tradeXYZ xyz:LLYshort | −0.0380% | 1h | 1,158.4 | −0.121% | $8.7M | $1.2M | 10x | |
| Bybit LLYUSDT | −0.0118% | 8h | 1,159.6 | −0.018% | $1.4M | $481K | 25x | as long as short |
| GRVT LLY_USDT_Perp | −0.0081% | 8h | 1,160.7 | +0.082% | $267 | $151K | 10x | as long as short |
| Aftermath Perps LLYUSD | −0.0011% | 1h | 1,160.6 | +0.066% | $47K | $50K | 5x | as long as short |
| Aster LLYUSDT | 0.0000% | 8h | 1,159.8 | −0.003% | $23K | $3K | 20x | as long as short |
| Binance LLYUSDT | 0.0000% | 8h | 1,160.5 | +0.063% | $2.0M | $3.4M | 20x | as long as short |
| OKX LLY-USDT-SWAPlong | 0.0000% | 8h | 1,159.8 | long leg | $810K | $558K | 20x | |
| Gate LLY_USDT | 0.0000% | 8h | 1,159.2 | −0.051% | $1.3M | $630K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,160.3 | +0.044% | $2.3M | $179K | 20x | as long as short |
Nado LLY-PERP
Bybit LLYUSDT
GRVT LLY_USDT_Perp
Aftermath Perps LLYUSD
Aster LLYUSDT
Binance LLYUSDT
Gate LLY_USDT
Bitget LLYUSDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni LLY | 0.0000% | 8h | 1,160.1 | +0.022% | $190K | $21K | — | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,160.1 | +0.026% | $2K | $4.7M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,158.5 | −0.115% | $5K | $41K | 20x | as long as short |
| BloFin LLY-USDT | +0.0002% | 8h | 1,160 | +0.014% | $86K | $87K | 20x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,159.8 | −0.002% | — | — | 25x | as long as short |
| QFEX LLY-USD | +0.0058% | 1h | 1,159.8 | −0.004% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin LLYUSDTM | +0.0076% | 8h | 1,158.8 | −0.086% | $140K | $226K | 20x | as long as short |
| Phoenix LLY | +0.0207% | 1h | 1,159.6 | −0.017% | $1K | $9K | 10x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,160 | +0.017% | $20K | $37K | 12x | as long as short |
Variational Omni LLY
SunX LLY-USDT
HTX LLY-USDT
BloFin LLY-USDT
Vest LLY-USD-PERP
QFEX LLY-USD
KuCoin LLYUSDTM
Phoenix LLY
Injective LLY/USDC PERP