Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.018%
Price spread now: tradeXYZ against QFEX+0.029%49s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.394% of the position
Funding, last 3 days (all we have)+0.035%+$3 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now +0.029%, 7d avg −0.015%
=Together, before fees+0.006%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.045% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.015%. The two prices were read 49 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 | QFEX LLY-USD | 1,166.6 | 0.0023 | pay 0.0003% / 1h | 13m 45s | $1.2M | $5.1M | 10x |
| Short | tradeXYZ xyz:LLY | 1,166.9 | 0.0050 | get 0.0006% / 1h | 13m 45s | $8.6M | $1.1M | 10x |
QFEX LLY-USD
tradeXYZ xyz:LLYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against QFEX. 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
- $5.64
- Price spread: +0.029% → −0.015%
- $4.45
- Slippage, 4 orders
- −$11.39
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$29.29
- Costs to cover
- 0.394%
- Break-even
- 43.3 days
Slippage from QFEX: live order book, 5 min ago; tradeXYZ: live order book, 5 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 QFEX live order book, 5 min ago | 2.14 bp | 7.6 bp −$8 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 1.71 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
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 | 1,167 | +0.041% | $1.3M | $631K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,168 | +0.123% | $820K | $573K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,166.7 | +0.008% | $1.3M | $900K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,167.2 | +0.052% | $2.3M | $175K | 20x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,167 | +0.038% | $1K | $6.5M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,165.3 | −0.109% | $5K | $40K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0003% | 1h | 1,166.7 | +0.010% | $47K | $42K | 5x | as long as short |
| Nado LLY-PERP | +0.0013% | 1h | 1,166.9 | +0.029% | $39K | $251 | 10x | as long as short |
| QFEX LLY-USDlong | +0.0023% | 1h | 1,166.6 | long leg | $1.2M | $5.1M | 10x | |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,166.6 | +0.004% | — | — | 25x | as long as short |
Bybit LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
SunX LLY-USDT
HTX LLY-USDT
Aftermath Perps LLYUSD
Nado LLY-PERP
Vest LLY-USD-PERPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:LLYshort | +0.0050% | 1h | 1,166.9 | +0.029% | $8.6M | $1.1M | 10x | |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,166.7 | +0.012% | $138K | $81K | 20x | as long as short |
| Aster LLYUSDT | +0.0121% | 8h | 1,166.3 | −0.025% | $24K | $3K | 20x | as long as short |
| Variational Omni LLY | +0.0141% | 8h | 1,166.6 | 0.000% | $191K | $19K | — | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,178.5 | +1.024% | $10K | $21K | 12x | as long as short |
| Binance LLYUSDT | +0.0306% | 8h | 1,167.1 | +0.042% | $2.0M | $3.1M | 20x | as long as short |
| BloFin LLY-USDT | +0.0318% | 8h | 1,166.8 | +0.018% | $84K | $84K | 20x | as long as short |
| Phoenix LLY | +0.0343% | 1h | 1,167.5 | +0.081% | $1K | $7K | 10x | as long as short |
| GRVT LLY_USDT_Perp | +0.0443% | 8h | 1,166.6 | +0.004% | $268 | $203K | 10x | as long as short |
KuCoin LLYUSDTM
Aster LLYUSDT
Variational Omni LLY
Injective LLY/USDC PERP
Binance LLYUSDT
BloFin LLY-USDT
Phoenix LLY
GRVT LLY_USDT_Perp