Funding you earn now, next payment 10:00 UTC+0.0343%/8h= +37.5% APRpaid last 24h +0.083%
Price spread now: Phoenix against Bybit+0.108%55s7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.108% dearer against Bybit 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 55 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 | Bybit LLYUSDT | 1,159.7 | −0.0136 | get 0.0136% / 8h | 5h 46m | $1.4M | $481K | 25x |
| Short | Phoenix LLY | 1,160.9 | 0.0207 | get 0.0026% / 1h | 46m 30s | $1K | $9K | 10x |
Bybit LLYUSDT
Phoenix LLYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bybit. 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
- $71.96
- Price spread: +0.108% → 0.000%
- $10.78
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $64.74
- Costs to cover
- 0.180%
- Break-even
- 0.7 days
Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 1.98 bp | 24.7 bp −$25 | 578.9 bp −$5,789 | 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 exchanges
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 | −0.0706% | 1h | 1,162.2 | +0.219% | $39K | $251 | 10x | as long as short |
| tradeXYZ xyz:LLY | −0.0533% | 1h | 1,159.9 | +0.022% | $8.7M | $1.2M | 10x | as long as short |
| Bybit LLYUSDTlong | −0.0136% | 8h | 1,159.7 | long leg | $1.4M | $481K | 25x | |
| GRVT LLY_USDT_Perp | −0.0034% | 8h | 1,160.6 | +0.079% | $267 | $151K | 10x | as long as short |
| BloFin LLY-USDT | −0.0011% | 8h | 1,160.1 | +0.041% | $39K | $87K | 20x | as long as short |
| Aftermath Perps LLYUSD | −0.0010% | 1h | 1,160 | +0.026% | $47K | $50K | 5x | as long as short |
| Aster LLYUSDT | 0.0000% | 8h | 1,162 | +0.199% | $23K | $3K | 20x | as long as short |
| Binance LLYUSDT | 0.0000% | 8h | 1,160.7 | +0.091% | $2.0M | $3.4M | 20x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,159.8 | +0.013% | $811K | $558K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,159.7 | +0.004% | $1.3M | $628K | 25x | as long as short |
Nado LLY-PERP
tradeXYZ xyz:LLY
GRVT LLY_USDT_Perp
BloFin LLY-USDT
Aftermath Perps LLYUSD
Aster LLYUSDT
Binance LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget LLYUSDT | 0.0000% | 8h | 1,160.5 | +0.075% | $2.3M | $180K | 20x | as long as short |
| Variational Omni LLY | 0.0000% | 8h | 1,160.2 | +0.045% | $190K | $21K | — | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,160.4 | +0.065% | $2K | $4.7M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,159.4 | −0.025% | $5K | $41K | 20x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,160.2 | +0.043% | — | — | 25x | as long as short |
| QFEX LLY-USD | +0.0058% | 1h | 1,159.9 | +0.022% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin LLYUSDTM | +0.0092% | 8h | 1,159.2 | −0.039% | $140K | $224K | 20x | as long as short |
| Phoenix LLYshort | +0.0207% | 1h | 1,160.9 | +0.108% | $1K | $9K | 10x | |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,160 | +0.030% | $20K | $37K | 12x | as long as short |
Bitget LLYUSDT
Variational Omni LLY
SunX LLY-USDT
HTX LLY-USDT
Vest LLY-USD-PERP
QFEX LLY-USD
KuCoin LLYUSDTM
Injective LLY/USDC PERP