Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.017%
Price spread now: Phoenix against Binance+0.126%55s7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phoenix is 0.126% dearer against Binance than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. The two prices were read 55 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 | Binance LLYUSDT | 1,163.1 | 0.0237 | pay 0.0237% / 8h | 7h 24m | $2.0M | $3.1M | 20x |
| Short | Phoenix LLY | 1,164.6 | 0.0206 | get 0.0026% / 1h | 24m 34s | $1K | $7K | 10x |
Binance LLYUSDT
Phoenix LLYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$6.66
- Price spread: +0.126% → 0.000%
- $12.65
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$11.01
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 11 min ago; Phoenix: 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 Binance live order book, 11 min ago | 1.46 bp | 11.3 bp −$11 | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | −0.004% | $1.3M | $581K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,163 | −0.011% | $813K | $577K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,162.9 | −0.016% | $1.3M | $898K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,164 | +0.075% | $2.3M | $173K | 20x | as long as short |
| GRVT LLY_USDT_Perp | 0.0000% | 8h | 1,162.9 | −0.018% | $221 | $198K | 10x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,162.9 | −0.020% | $1K | $6.2M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,161.8 | −0.117% | $5K | $40K | 20x | as long as short |
| QFEX LLY-USD | +0.0004% | 1h | 1,163.1 | −0.001% | $1.2M | $5.1M | 10x | as long as short |
| Aftermath Perps LLYUSD | +0.0009% | 1h | 1,163.7 | +0.046% | $47K | $42K | 5x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,162 | −0.101% | — | — | 25x | 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
QFEX LLY-USD
Aftermath Perps LLYUSD
Vest LLY-USD-PERPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:LLY | +0.0068% | 1h | 1,162.6 | −0.045% | $8.6M | $1.1M | 10x | as long as short |
| Aster LLYUSDT | +0.0088% | 8h | 1,163.5 | +0.031% | $24K | $3K | 20x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,163.3 | +0.015% | $137K | $75K | 20x | as long as short |
| Nado LLY-PERP | +0.0109% | 1h | 1,162.7 | −0.037% | $39K | $251 | 10x | as long as short |
| Variational Omni LLY | +0.0110% | 8h | 1,162.8 | −0.025% | $191K | $17K | — | as long as short |
| Phoenix LLYshort | +0.0206% | 1h | 1,164.6 | +0.126% | $1K | $7K | 10x | |
| BloFin LLY-USDT | +0.0217% | 8h | 1,162.9 | −0.021% | $84K | $85K | 20x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,176.6 | +1.158% | $7K | $24K | 12x | as long as short |
| Binance LLYUSDTlong | +0.0237% | 8h | 1,163.1 | long leg | $2.0M | $3.1M | 20x |
tradeXYZ xyz:LLY
Aster LLYUSDT
KuCoin LLYUSDTM
Nado LLY-PERP
Variational Omni LLY
BloFin LLY-USDT
Injective LLY/USDC PERP