Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h −0.018%
Price spread now: QFEX against tradeXYZ−0.016%49s7-day average +0.021% · 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−$1921.916% of the position
Funding, last 4 days (all we have)−0.041%−$4 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now −0.016%, 7d avg +0.021%
=Together, before fees−0.051%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.038% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.021%). Swap the legs. 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 | tradeXYZ xyz:LLY | 1,165.8 | 0.0050 | pay 0.0006% / 1h | 30m 44s | $8.7M | $1.2M | 10x |
| Short | QFEX LLY-USD | 1,165.6 | 0.0022 | get 0.0003% / 1h | 30m 44s | $1.2M | $3.3M | 10x |
tradeXYZ xyz:LLY
QFEX LLY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- −$5.93
- Price spread: −0.016% → +0.021%
- −$3.76
- Slippage, 4 orders
- −$163.57
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$201.25
- Costs to cover
- 1.916%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; QFEX: live order book, 7 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 tradeXYZ live order book, 8 min ago | 0.86 bp | 14.3 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 77.08 bp | 82.2 bp −$82 | 86.2 bp −$862 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin LLY-USDT | −0.0016% | 8h | 1,165.6 | −0.021% | $84K | $85K | 20x | as long as short |
| Aster LLYUSDT | 0.0000% | 8h | 1,165.7 | −0.007% | $24K | $3K | 20x | as long as short |
| Binance LLYUSDT | 0.0000% | 8h | 1,165.6 | −0.020% | $2.0M | $3.1M | 20x | as long as short |
| Bybit LLYUSDT | 0.0000% | 8h | 1,165.6 | −0.014% | $1.3M | $347K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,165.6 | −0.017% | $795K | $572K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,165.6 | −0.018% | $1.3M | $756K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,166.1 | +0.029% | $2.3M | $167K | 20x | as long as short |
| Variational Omni LLY | 0.0000% | 8h | 1,165.6 | −0.017% | $193K | $18K | — | as long as short |
| GRVT LLY_USDT_Perp | 0.0000% | 8h | 1,165.6 | −0.014% | $210 | $173K | 10x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,165.7 | −0.009% | $2K | $5.6M | 10x | as long as short |
BloFin LLY-USDT
Aster LLYUSDT
Binance LLYUSDT
Bybit LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
Variational Omni LLY
GRVT LLY_USDT_Perp
SunX LLY-USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX LLY-USDT | 0.0000% | 8h | 1,163.1 | −0.232% | $6K | $42K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0020% | 1h | 1,165.7 | −0.005% | $47K | $40K | 5x | as long as short |
| QFEX LLY-USDshort | +0.0022% | 1h | 1,165.6 | −0.016% | $1.2M | $3.3M | 10x | |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,165.3 | −0.045% | — | — | 25x | as long as short |
| tradeXYZ xyz:LLYlong | +0.0050% | 1h | 1,165.8 | long leg | $8.7M | $1.2M | 10x | |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,165.4 | −0.034% | $136K | $68K | 20x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,177.7 | +1.021% | $7K | $24K | 12x | as long as short |
| Nado LLY-PERP | +0.0233% | 1h | 1,165.3 | −0.039% | $39K | $251 | 10x | as long as short |
| Phoenix LLY | +0.0274% | 1h | 1,166.9 | +0.094% | $1K | $7K | 10x | as long as short |
HTX LLY-USDT
Aftermath Perps LLYUSD
Vest LLY-USD-PERP
KuCoin LLYUSDTM
Injective LLY/USDC PERP
Nado LLY-PERP
Phoenix LLY