Funding you earn now, next payment 04:00 UTC−0.0199%/8h= −21.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.053%
Price spread now: tradeXYZ against Phoenix−0.052%7-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
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and tradeXYZ is 0.052% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix LLY | 1,164.7 | 0.0344 | pay 0.0043% / 1h | 43m 24s | $1K | $7K | 10x |
| Short | tradeXYZ xyz:LLY | 1,164.1 | 0.0145 | get 0.0018% / 1h | 43m 24s | $8.7M | $1.2M | 10x |
Phoenix LLY
tradeXYZ xyz:LLYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$41.83
- Price spread: −0.052% → 0.000%
- −$5.15
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$71.98
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago | 2.15 bp | 12.9 bp −$13 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin LLY-USDT | −0.0020% | 8h | 1,164.1 | −0.052% | $83K | $85K | 20x | as long as short |
| Aster LLYUSDT | 0.0000% | 8h | 1,164.2 | −0.043% | $24K | $3K | 20x | as long as short |
| Binance LLYUSDT | 0.0000% | 8h | 1,164.2 | −0.046% | $2.0M | $3.1M | 20x | as long as short |
| Bybit LLYUSDT | 0.0000% | 8h | 1,164 | −0.060% | $1.3M | $523K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,163.6 | −0.094% | $789K | $635K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,163.6 | −0.091% | $1.3M | $852K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,164.7 | −0.003% | $2.3M | $169K | 20x | as long as short |
| Variational Omni LLY | 0.0000% | 8h | 1,163.9 | −0.071% | $192K | $16K | — | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,164 | −0.060% | $1K | $5.8M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,162.6 | −0.179% | $5K | $41K | 20x | as long as short |
BloFin LLY-USDT
Aster LLYUSDT
Binance LLYUSDT
Bybit LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
Variational Omni LLY
SunX LLY-USDT
HTX LLY-USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps LLYUSD | +0.0023% | 1h | 1,163.4 | −0.110% | $47K | $41K | 5x | as long as short |
| QFEX LLY-USD | +0.0042% | 1h | 1,164.1 | −0.051% | $1.2M | $4.1M | 10x | as long as short |
| GRVT LLY_USDT_Perp | +0.0042% | 8h | 1,164.3 | −0.035% | $233 | $185K | 10x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,163.9 | −0.066% | — | — | 25x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,164 | −0.060% | $137K | $74K | 20x | as long as short |
| tradeXYZ xyz:LLYshort | +0.0145% | 1h | 1,164.1 | −0.052% | $8.7M | $1.2M | 10x | |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,176.3 | +0.996% | $7K | $24K | 12x | as long as short |
| Nado LLY-PERP | +0.0269% | 1h | 1,163.9 | −0.070% | $39K | $251 | 10x | as long as short |
| Phoenix LLYlong | +0.0344% | 1h | 1,164.7 | long leg | $1K | $7K | 10x |
Aftermath Perps LLYUSD
QFEX LLY-USD
GRVT LLY_USDT_Perp
Vest LLY-USD-PERP
KuCoin LLYUSDTM
Injective LLY/USDC PERP
Nado LLY-PERP