Funding you earn now, next payment 22:00 UTC+0.0274%/8h= +30.0% APRpaid last 24h +0.077%
Price spread now: Phoenix against Bitget−0.025%79s7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. Phoenix is 0.025% cheaper against Bitget than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day). The two prices were read 79 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 | Bitget LLYUSDT | 1,166.6 | 0 | get 0.0000% / 8h | 1h 04m | $2.3M | $176K | 20x |
| Short | Phoenix LLY | 1,166.3 | 0.0274 | get 0.0034% / 1h | 4m 17s | $1K | $7K | 10x |
Bitget LLYUSDT
Phoenix LLYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $57.6
- Price spread: −0.025% → 0.000%
- −$2.49
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $36.12
- Costs to cover
- 0.190%
- Break-even
- 2.6 days
Slippage unknown: Bitget: live order book, 8 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 Bitget live order book, 8 min ago | 3.60 bp | 20.0 bp −$20 | 34.1 bp −$341 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX LLY-USD | −0.0006% | 1h | 1,166 | −0.048% | $1.2M | $5.1M | 10x | as long as short |
| Bybit LLYUSDT | 0.0000% | 8h | 1,165.9 | −0.057% | $1.3M | $636K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,166.2 | −0.033% | $819K | $564K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,166 | −0.050% | $1.3M | $910K | 25x | as long as short |
| Bitget LLYUSDTlong | 0.0000% | 8h | 1,166.6 | long leg | $2.3M | $176K | 20x | |
| SunX LLY-USDT | 0.0000% | 8h | 1,166.1 | −0.042% | $1K | $6.6M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,164.1 | −0.215% | $5K | $40K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0011% | 1h | 1,166.2 | −0.033% | $47K | $41K | 5x | as long as short |
| Aster LLYUSDT | +0.0029% | 8h | 1,165.7 | −0.079% | $24K | $3K | 20x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,166.2 | −0.037% | — | — | 25x | as long as short |
QFEX LLY-USD
Bybit LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDT
SunX LLY-USDT
HTX LLY-USDT
Aftermath Perps LLYUSD
Aster LLYUSDT
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 | 1,165.9 | −0.059% | $8.6M | $1.1M | 10x | as long as short |
| Variational Omni LLY | +0.0079% | 8h | 1,166 | −0.048% | $191K | $19K | — | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,165.7 | −0.076% | $139K | $56K | 20x | as long as short |
| Nado LLY-PERP | +0.0142% | 1h | 1,166.1 | −0.040% | $39K | $251 | 10x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,178.6 | +1.029% | $10K | $21K | 12x | as long as short |
| Binance LLYUSDT | +0.0248% | 8h | 1,166.2 | −0.035% | $2.0M | $3.1M | 20x | as long as short |
| BloFin LLY-USDT | +0.0257% | 8h | 1,167 | +0.039% | $84K | $85K | 20x | as long as short |
| Phoenix LLYshort | +0.0274% | 1h | 1,166.3 | −0.025% | $1K | $7K | 10x | |
| GRVT LLY_USDT_Perp | +0.0447% | 8h | 1,166.3 | −0.024% | $828 | $208K | 10x | as long as short |
tradeXYZ xyz:LLY
Variational Omni LLY
KuCoin LLYUSDTM
Nado LLY-PERP
Injective LLY/USDC PERP
Binance LLYUSDT
BloFin LLY-USDT
GRVT LLY_USDT_Perp