Funding you earn now, next payment 01:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.011%
Price spread now: Nado against Phoenix−0.043%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.043% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | 1,163.1 | 0.0275 | pay 0.0034% / 1h | 45m 37s | $1K | $7K | 10x |
| Short | Nado LLY-PERP | 1,162.6 | 0.0253 | get 0.0032% / 1h | 45m 37s | $39K | $251 | 10x |
Phoenix LLY
Nado LLY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$4.56
- Price spread: −0.043% → 0.000%
- −$4.3
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$22.86
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Nado no order-book sample | — | — | — | — | — |
Phoenix and 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 | −0.009% | $1.3M | $582K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,162.7 | −0.034% | $792K | $637K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,162.9 | −0.015% | $1.3M | $900K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,163.5 | +0.037% | $2.3M | $177K | 20x | as long as short |
| GRVT LLY_USDT_Perp | 0.0000% | 8h | 1,162.8 | −0.026% | $244 | $193K | 10x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,163.5 | +0.034% | $2K | $6.1M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,162.5 | −0.050% | $6K | $40K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0004% | 1h | 1,162.6 | −0.044% | $47K | $42K | 5x | as long as short |
| Aster LLYUSDT | +0.0017% | 8h | 1,162.9 | −0.015% | $23K | $3K | 20x | as long as short |
| QFEX LLY-USD | +0.0026% | 1h | 1,163.2 | +0.011% | $1.2M | $4.8M | 10x | as long as short |
Bybit LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
GRVT LLY_USDT_Perp
SunX LLY-USDT
HTX LLY-USDT
Aftermath Perps LLYUSD
Aster LLYUSDT
QFEX LLY-USDShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni LLY | +0.0034% | 8h | 1,163.4 | +0.030% | $191K | $17K | — | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,161.9 | −0.104% | — | — | 25x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,162.9 | −0.017% | $137K | $75K | 20x | as long as short |
| tradeXYZ xyz:LLY | +0.0105% | 1h | 1,162.5 | −0.052% | $8.6M | $1.2M | 10x | as long as short |
| BloFin LLY-USDT | +0.0129% | 8h | 1,162.8 | −0.028% | $84K | $85K | 20x | as long as short |
| Binance LLYUSDT | +0.0143% | 8h | 1,163.4 | +0.022% | $2.0M | $3.1M | 20x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,174.8 | +1.006% | $7K | $24K | 12x | as long as short |
| Nado LLY-PERPshort | +0.0253% | 1h | 1,162.6 | −0.043% | $39K | $251 | 10x | |
| Phoenix LLYlong | +0.0275% | 1h | 1,163.1 | long leg | $1K | $7K | 10x |
Variational Omni LLY
Vest LLY-USD-PERP
KuCoin LLYUSDTM
tradeXYZ xyz:LLY
BloFin LLY-USDT
Binance LLYUSDT
Injective LLY/USDC PERP