Funding you earn now, next payment 23:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h +0.063%
Price spread now: Phoenix against Variational Omni+0.115%84s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.115% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 84 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 | Variational Omni LLY | 1,166.2 | 0.0102 | pay 0.0102% / 8h | 42m 03s | $191K | $19K | — |
| Short | Phoenix LLY | 1,167.5 | 0.0343 | get 0.0043% / 1h | 42m 03s | $1K | $7K | 10x |
Variational Omni LLY
Phoenix LLYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $50.54
- Price spread: +0.115% → 0.000%
- $11.5
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $55.04
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 37 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 Variational Omni RFQ quote, 37 min ago | 6.30 bp | doesn't fit | 83.2 bp −$832 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado LLY-PERP | −0.0029% | 1h | 1,166.7 | +0.050% | $39K | $251 | 10x | as long as short |
| Bybit LLYUSDT | 0.0000% | 8h | 1,166.4 | +0.020% | $1.3M | $636K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,166.2 | +0.003% | $819K | $571K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,166.2 | +0.005% | $1.3M | $898K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,166.6 | +0.041% | $2.3M | $176K | 20x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,166.2 | +0.003% | $1K | $6.6M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,164.9 | −0.105% | $6K | $40K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0005% | 1h | 1,166.2 | −0.001% | $47K | $41K | 5x | as long as short |
| QFEX LLY-USD | +0.0023% | 1h | 1,166.3 | +0.013% | $1.2M | $5.1M | 10x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,166.7 | +0.046% | — | — | 25x | as long as short |
Nado LLY-PERP
Bybit LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
SunX LLY-USDT
HTX LLY-USDT
Aftermath Perps LLYUSD
QFEX LLY-USD
Vest LLY-USD-PERPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:LLY | +0.0050% | 1h | 1,166.4 | +0.021% | $8.6M | $1.1M | 10x | as long as short |
| Aster LLYUSDT | +0.0069% | 8h | 1,166.4 | +0.017% | $24K | $3K | 20x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,166.3 | +0.012% | $138K | $81K | 20x | as long as short |
| Variational Omni LLYlong | +0.0102% | 8h | 1,166.2 | long leg | $191K | $19K | — | |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,178.1 | +1.024% | $10K | $21K | 12x | as long as short |
| BloFin LLY-USDT | +0.0248% | 8h | 1,166.6 | +0.036% | $84K | $85K | 20x | as long as short |
| Binance LLYUSDT | +0.0270% | 8h | 1,166.4 | +0.023% | $2.0M | $3.1M | 20x | as long as short |
| Phoenix LLYshort | +0.0343% | 1h | 1,167.5 | +0.115% | $1K | $7K | 10x | |
| GRVT LLY_USDT_Perp | +0.0454% | 8h | 1,166.3 | +0.015% | $840 | $207K | 10x | as long as short |
tradeXYZ xyz:LLY
Aster LLYUSDT
KuCoin LLYUSDTM
Injective LLY/USDC PERP
BloFin LLY-USDT
Binance LLYUSDT
GRVT LLY_USDT_Perp