Funding you earn now, next payment 02:00 UTC−0.0343%/8h= −37.6% APRpaid last 24h −0.049%
Price spread now: Variational Omni against Phoenix−0.037%54s7-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
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Variational Omni is 0.037% 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 54 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 | 1,164.1 | 0.0343 | pay 0.0043% / 1h | 36m 35s | $1K | $7K | 10x |
| Short | Variational Omni LLY | 1,163.7 | 0 | get 0.0000% / 8h | 5h 36m | $192K | $18K | — |
Phoenix LLY
Variational Omni LLYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$72.11
- Price spread: −0.037% → 0.000%
- −$3.67
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$82.78
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 27 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 Variational Omni RFQ quote, 27 min ago | 6.10 bp | doesn't fit | 38.2 bp −$382 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LLYUSDT | 0.0000% | 8h | 1,163.1 | −0.086% | $1.3M | $581K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,164.1 | 0.000% | $792K | $645K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,163.1 | −0.085% | $1.3M | $902K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,163.8 | −0.027% | $2.3M | $176K | 20x | as long as short |
| Variational Omni LLYshort | 0.0000% | 8h | 1,163.7 | −0.037% | $192K | $18K | — | |
| GRVT LLY_USDT_Perp | 0.0000% | 8h | 1,163.8 | −0.026% | $244 | $188K | 10x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,163.5 | −0.052% | $1K | $6.0M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,161.6 | −0.216% | $5K | $40K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0019% | 1h | 1,163 | −0.096% | $47K | $41K | 5x | as long as short |
| Aster LLYUSDT | +0.0031% | 8h | 1,163.3 | −0.073% | $23K | $3K | 20x | 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 LLYUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX LLY-USD | +0.0043% | 1h | 1,163.4 | −0.063% | $1.2M | $4.6M | 10x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,162.7 | −0.119% | — | — | 25x | as long as short |
| tradeXYZ xyz:LLY | +0.0050% | 1h | 1,163 | −0.094% | $8.7M | $1.2M | 10x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,163.3 | −0.069% | $137K | $73K | 20x | as long as short |
| Nado LLY-PERP | +0.0102% | 1h | 1,163.3 | −0.072% | $39K | $251 | 10x | as long as short |
| Binance LLYUSDT | +0.0114% | 8h | 1,163.6 | −0.044% | $2.0M | $3.1M | 20x | as long as short |
| BloFin LLY-USDT | +0.0116% | 8h | 1,163.4 | −0.057% | $84K | $84K | 20x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,175.8 | +1.005% | $7K | $24K | 12x | as long as short |
| Phoenix LLYlong | +0.0343% | 1h | 1,164.1 | long leg | $1K | $7K | 10x |
QFEX LLY-USD
Vest LLY-USD-PERP
tradeXYZ xyz:LLY
KuCoin LLYUSDTM
Nado LLY-PERP
Binance LLYUSDT
BloFin LLY-USDT
Injective LLY/USDC PERP