Funding you earn now, next payment 08:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.76 per $10,000 · paid last 24h −0.059%
Price spread now: Bybit against Binance−0.076%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.076%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.072% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LLYUSDT | 1,164 | 0.0076 | pay 0.0076% / 8h | 5h 03m | $2.0M | $3.1M | 20x |
| Short | Bybit LLYUSDT | 1,163.2 | 0 | get 0.0000% / 8h | 5h 03m | $1.3M | $581K | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$15.96
- Price spread: −0.076% → −0.004%
- −$7.24
- Slippage, 4 orders
- −$46.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$90.28
- Costs to cover
- 0.671%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 2 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 Binance live order book, 2 min ago | 2.06 bp | 9.0 bp −$9 | 25.2 bp −$252 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.72 bp | 14.3 bp −$14 | 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 LLYUSDTshort | 0.0000% | 8h | 1,163.2 | −0.076% | $1.3M | $581K | 25x | |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,163.4 | −0.055% | $792K | $644K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,163.9 | −0.014% | $1.3M | $904K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,163.7 | −0.034% | $2.3M | $176K | 20x | as long as short |
| Variational Omni LLY | 0.0000% | 8h | 1,164 | 0.000% | $192K | $18K | — | as long as short |
| GRVT LLY_USDT_Perp | 0.0000% | 8h | 1,163.9 | −0.010% | $268 | $188K | 10x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,164.2 | +0.014% | $823 | $6.0M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,162.5 | −0.136% | $6K | $40K | 20x | as long as short |
| Aster LLYUSDT | +0.0014% | 8h | 1,163.5 | −0.047% | $24K | $3K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0016% | 1h | 1,162.9 | −0.095% | $47K | $41K | 5x | as long as short |
Show all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX LLY-USD | +0.0043% | 1h | 1,163.9 | −0.009% | $1.2M | $4.5M | 10x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,162.7 | −0.118% | — | — | 25x | as long as short |
| tradeXYZ xyz:LLY | +0.0074% | 1h | 1,163.3 | −0.064% | $8.7M | $1.2M | 10x | as long as short |
| Binance LLYUSDTlong | +0.0076% | 8h | 1,164 | long leg | $2.0M | $3.1M | 20x | |
| BloFin LLY-USDT | +0.0085% | 8h | 1,164 | −0.001% | $84K | $84K | 20x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,163.6 | −0.038% | $137K | $73K | 20x | as long as short |
| Nado LLY-PERP | +0.0143% | 1h | 1,163.2 | −0.068% | $39K | $251 | 10x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,175.2 | +0.959% | $7K | $24K | 12x | as long as short |
| Phoenix LLY | +0.0343% | 1h | 1,164.4 | +0.031% | $1K | $7K | 10x | as long as short |
Binance LLYUSDT
Bybit LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
Variational Omni LLY
GRVT LLY_USDT_Perp
SunX LLY-USDT
HTX LLY-USDT
Aster LLYUSDT
Aftermath Perps LLYUSD
tradeXYZ xyz:LLY
BloFin LLY-USDT
KuCoin LLYUSDTM
Injective LLY/USDC PERP
Phoenix LLY