Funding you earn now, next payment 06:00 UTC−0.0193%/8h= −21.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.072%
Price spread now: QFEX against Phoenix−0.145%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and QFEX is 0.145% cheaper against Phoenix than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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 | 1,167.8 | 0.0206 | pay 0.0026% / 1h | 40m 19s | $1K | $7K | 10x |
| Short | QFEX LLY-USD | 1,166.1 | 0.0012 | get 0.0002% / 1h | 40m 19s | $1.2M | $3.6M | 10x |
Phoenix LLY
QFEX LLY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$40.63
- Price spread: −0.145% → 0.000%
- −$14.47
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$72.1
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; QFEX: live order book, 3 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 QFEX live order book, 3 min ago | 2.10 bp | 7.3 bp −$7 | 12.5 bp −$125 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster LLYUSDT | 0.0000% | 8h | 1,165.9 | −0.160% | $24K | $3K | 20x | as long as short |
| Binance LLYUSDT | 0.0000% | 8h | 1,166.3 | −0.127% | $2.0M | $3.2M | 20x | as long as short |
| Bybit LLYUSDT | 0.0000% | 8h | 1,165.9 | −0.164% | $1.3M | $401K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,166 | −0.154% | $790K | $567K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,166.4 | −0.121% | $1.3M | $810K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,167 | −0.073% | $2.3M | $169K | 20x | as long as short |
| Variational Omni LLY | 0.0000% | 8h | 1,166.7 | −0.095% | $193K | $18K | — | as long as short |
| GRVT LLY_USDT_Perp | 0.0000% | 8h | 1,166.6 | −0.106% | $257 | $178K | 10x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,166.8 | −0.086% | $1K | $5.8M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,165 | −0.236% | $5K | $41K | 20x | as long as short |
Aster LLYUSDT
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-USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin LLY-USDT | +0.0006% | 8h | 1,166.9 | −0.080% | $84K | $86K | 20x | as long as short |
| QFEX LLY-USDshort | +0.0012% | 1h | 1,166.1 | −0.145% | $1.2M | $3.6M | 10x | |
| Aftermath Perps LLYUSD | +0.0013% | 1h | 1,166.3 | −0.131% | $47K | $40K | 5x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,166.1 | −0.146% | — | — | 25x | as long as short |
| tradeXYZ xyz:LLY | +0.0050% | 1h | 1,166.3 | −0.128% | $8.7M | $1.2M | 10x | as long as short |
| Nado LLY-PERP | +0.0094% | 1h | 1,166.5 | −0.108% | $39K | $251 | 10x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,166.1 | −0.146% | $137K | $68K | 20x | as long as short |
| Phoenix LLYlong | +0.0206% | 1h | 1,167.8 | long leg | $1K | $7K | 10x | |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,177.5 | +0.831% | $7K | $24K | 12x | as long as short |
BloFin LLY-USDT
Aftermath Perps LLYUSD
Vest LLY-USD-PERP
tradeXYZ xyz:LLY
Nado LLY-PERP
KuCoin LLYUSDTM
Injective LLY/USDC PERP