Funding you earn now, next payment 22:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.077%
Price spread now: Bitget against Phoenix+0.028%99s7-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
The price spread pays, funding is against you. Bitget is 0.028% dearer against Phoenix than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 99 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 | 1,166.3 | 0.0274 | pay 0.0034% / 1h | 3m 48s | $1K | $7K | 10x |
| Short | Bitget LLYUSDT | 1,166.6 | 0 | get 0.0000% / 8h | 1h 03m | $2.3M | $176K | 20x |
Phoenix LLY
Bitget LLYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$57.6
- Price spread: +0.028% → 0.000%
- $2.83
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$73.77
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Bitget: live order book, 8 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 Bitget live order book, 8 min ago | 3.60 bp | 10.4 bp −$10 | 41.6 bp −$416 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX LLY-USD | −0.0006% | 1h | 1,166 | −0.023% | $1.2M | $5.1M | 10x | as long as short |
| Bybit LLYUSDT | 0.0000% | 8h | 1,165.9 | −0.033% | $1.3M | $636K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,166.2 | −0.009% | $819K | $564K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,166 | −0.026% | $1.3M | $910K | 25x | as long as short |
| Bitget LLYUSDTshort | 0.0000% | 8h | 1,166.6 | +0.028% | $2.3M | $176K | 20x | |
| SunX LLY-USDT | 0.0000% | 8h | 1,166.1 | −0.017% | $1K | $6.6M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,164.1 | −0.190% | $5K | $40K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0011% | 1h | 1,166.2 | −0.009% | $47K | $41K | 5x | as long as short |
| Aster LLYUSDT | +0.0029% | 8h | 1,165.7 | −0.053% | $24K | $3K | 20x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,166.2 | −0.012% | — | — | 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 | −0.034% | $8.6M | $1.1M | 10x | as long as short |
| Variational Omni LLY | +0.0079% | 8h | 1,166 | −0.023% | $191K | $19K | — | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,165.7 | −0.051% | $139K | $56K | 20x | as long as short |
| Nado LLY-PERP | +0.0142% | 1h | 1,166.1 | −0.015% | $39K | $251 | 10x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,178.6 | +1.055% | $10K | $21K | 12x | as long as short |
| Binance LLYUSDT | +0.0248% | 8h | 1,166.2 | −0.007% | $2.0M | $3.1M | 20x | as long as short |
| BloFin LLY-USDT | +0.0257% | 8h | 1,167 | +0.063% | $84K | $85K | 20x | as long as short |
| Phoenix LLYlong | +0.0274% | 1h | 1,166.3 | long leg | $1K | $7K | 10x | |
| GRVT LLY_USDT_Perp | +0.0447% | 8h | 1,166.3 | +0.001% | $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