Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.057%
Price spread now: QFEX against Binance−0.003%53s7-day average −0.049% · you buy dearer than you sell
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−$820.824% of the position
Funding, last 4 days (all we have)−0.111%−$11 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now −0.003%, 7d avg −0.049%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.045% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.049%. Mind the row above: over the last 4 days funding on this pair cost −0.111%, so the current rate has only just turned in your favour. The two prices were read 53 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 | 1,165.6 | 0 | get 0.0000% / 8h | 3h 13m | $2.0M | $3.1M | 20x |
| Short | QFEX LLY-USD | 1,165.5 | 0.0042 | get 0.0005% / 1h | 13m 37s | $1.2M | $3.9M | 10x |
Binance LLYUSDT
QFEX LLY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $8.8
- Price spread: −0.003% → −0.049%
- $4.53
- Slippage, 4 orders
- −$62.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$69.07
- Costs to cover
- 0.824%
- Break-even
- 61.9 days
Slippage from Binance: live order book, 7 min ago; QFEX: 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 Binance live order book, 7 min ago | 1.72 bp | 10.1 bp −$10 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 27.08 bp | 32.7 bp −$33 | 35.5 bp −$355 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster LLYUSDT | 0.0000% | 8h | 1,165.5 | −0.007% | $24K | $3K | 20x | as long as short |
| Binance LLYUSDTlong | 0.0000% | 8h | 1,165.6 | long leg | $2.0M | $3.1M | 20x | |
| Bybit LLYUSDT | 0.0000% | 8h | 1,165.5 | −0.011% | $1.3M | $523K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,165.3 | −0.024% | $790K | $605K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,165.2 | −0.033% | $1.3M | $854K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,165.9 | +0.027% | $2.3M | $169K | 20x | as long as short |
| Variational Omni LLY | 0.0000% | 8h | 1,165.1 | −0.039% | $193K | $16K | — | as long as short |
| GRVT LLY_USDT_Perp | 0.0000% | 8h | 1,165.2 | −0.037% | $221 | $182K | 10x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,165.6 | +0.002% | $2K | $5.8M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,164.5 | −0.092% | $5K | $41K | 20x | as long as short |
Aster LLYUSDT
Bybit LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
Variational Omni LLY
GRVT LLY_USDT_Perp
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 | +0.0016% | 1h | 1,164.8 | −0.070% | $47K | $40K | 5x | as long as short |
| BloFin LLY-USDT | +0.0022% | 8h | 1,165.7 | +0.011% | $84K | $85K | 20x | as long as short |
| QFEX LLY-USDshort | +0.0042% | 1h | 1,165.5 | −0.003% | $1.2M | $3.9M | 10x | |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,165.2 | −0.035% | — | — | 25x | as long as short |
| tradeXYZ xyz:LLY | +0.0067% | 1h | 1,165.2 | −0.033% | $8.7M | $1.2M | 10x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,165.4 | −0.015% | $137K | $72K | 20x | as long as short |
| Nado LLY-PERP | +0.0178% | 1h | 1,165.3 | −0.021% | $39K | $251 | 10x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,176.8 | +0.963% | $7K | $24K | 12x | as long as short |
| Phoenix LLY | +0.0344% | 1h | 1,165.6 | +0.002% | $1K | $7K | 10x | as long as short |
Aftermath Perps LLYUSD
BloFin LLY-USDT
Vest LLY-USD-PERP
tradeXYZ xyz:LLY
KuCoin LLYUSDTM
Nado LLY-PERP
Injective LLY/USDC PERP
Phoenix LLY