Funding you earn now, next payment 01:00 UTC−0.0275%/8h= −30.1% APRpaid last 24h −0.074%
Price spread now: Bybit against Phoenix−0.058%95s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.058% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 95 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 | Phoenix LLY | 1,164.4 | 0.0275 | pay 0.0034% / 1h | 23m 53s | $1K | $7K | 10x |
| Short | Bybit LLYUSDT | 1,163.7 | 0 | get 0.0000% / 8h | 6h 23m | $1.3M | $581K | 25x |
Phoenix LLY
Bybit LLYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phoenix. 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
- −$57.76
- Price spread: −0.058% → 0.000%
- −$5.75
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$81.52
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Bybit: live order book, 2 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 4.55 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: 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 18 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 LLYUSDTshort | 0.0000% | 8h | 1,163.7 | −0.058% | $1.3M | $581K | 25x | |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,164.4 | 0.000% | $793K | $645K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,163.9 | −0.045% | $1.3M | $904K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,164.1 | −0.025% | $2.3M | $173K | 20x | as long as short |
| GRVT LLY_USDT_Perp | 0.0000% | 8h | 1,164.4 | +0.001% | $245 | $191K | 10x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,164.3 | −0.009% | $2K | $6.1M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,162.7 | −0.145% | $5K | $40K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0010% | 1h | 1,163.7 | −0.061% | $47K | $41K | 5x | as long as short |
| Variational Omni LLY | +0.0014% | 8h | 1,164.2 | −0.016% | $192K | $18K | — | as long as short |
| QFEX LLY-USD | +0.0026% | 1h | 1,163.7 | −0.059% | $1.2M | $4.7M | 10x | as long as short |
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
GRVT LLY_USDT_Perp
SunX LLY-USDT
HTX LLY-USDT
Aftermath Perps LLYUSD
Variational Omni LLY
QFEX LLY-USDShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster LLYUSDT | +0.0032% | 8h | 1,164.1 | −0.025% | $24K | $3K | 20x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,163.2 | −0.106% | — | — | 25x | as long as short |
| tradeXYZ xyz:LLY | +0.0072% | 1h | 1,164.4 | 0.000% | $8.7M | $1.2M | 10x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,163.6 | −0.069% | $137K | $75K | 20x | as long as short |
| Binance LLYUSDT | +0.0146% | 8h | 1,164.5 | +0.005% | $2.0M | $3.1M | 20x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,176 | +0.996% | $7K | $24K | 12x | as long as short |
| Phoenix LLYlong | +0.0275% | 1h | 1,164.4 | long leg | $1K | $7K | 10x | |
| Nado LLY-PERP | +0.0276% | 1h | 1,163.3 | −0.093% | $39K | $251 | 10x | as long as short |
Aster LLYUSDT
Vest LLY-USD-PERP
tradeXYZ xyz:LLY
KuCoin LLYUSDTM
Binance LLYUSDT
Injective LLY/USDC PERP
Nado LLY-PERP