Funding you earn now, next payment 03:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.019%
Price spread now: QFEX against tradeXYZ+0.044%49s7-day average +0.021% · you sell dearer than you buy
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−$500.499% of the position
Funding, last 4 days (all we have)−0.038%−$4 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.044%, 7d avg +0.021%
=Together, before fees−0.059%+ Points / potential airdroptradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.023% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.021%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 4 days (−0.038% in total) that is about 2.2 days. 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 | 1,162.7 | 0.0055 | pay 0.0007% / 1h | 23m 41s | $8.7M | $1.2M | 10x |
| Short | QFEX LLY-USD | 1,163.2 | 0.0043 | get 0.0005% / 1h | 23m 41s | $1.2M | $4.6M | 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
- −$2.49
- Price spread: +0.044% → +0.021%
- $2.31
- Slippage, 4 orders
- −$21.91
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$50.09
- Costs to cover
- 0.499%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; QFEX: live order book, 5 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, 4 min ago | 3.44 bp | 17.3 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.46 bp | 10.0 bp −$10 | 17.3 bp −$173 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LLYUSDT | 0.0000% | 8h | 1,162.6 | −0.010% | $1.3M | $581K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,163.5 | +0.069% | $792K | $645K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,162.8 | +0.012% | $1.3M | $903K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,163.4 | +0.063% | $2.3M | $176K | 20x | as long as short |
| Variational Omni LLY | 0.0000% | 8h | 1,163.1 | +0.035% | $192K | $18K | — | as long as short |
| GRVT LLY_USDT_Perp | 0.0000% | 8h | 1,163.6 | +0.075% | $268 | $189K | 10x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,163.3 | +0.052% | $2K | $6.0M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,162.4 | −0.027% | $6K | $40K | 20x | as long as short |
| Aftermath Perps LLYUSD | +0.0018% | 1h | 1,162.6 | −0.010% | $47K | $41K | 5x | as long as short |
| Aster LLYUSDT | +0.0024% | 8h | 1,163.1 | +0.034% | $23K | $3K | 20x | as long as short |
Bybit LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
Variational Omni LLY
GRVT LLY_USDT_Perp
SunX LLY-USDT
HTX LLY-USDT
Aftermath Perps LLYUSD
Aster LLYUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX LLY-USDshort | +0.0043% | 1h | 1,163.2 | +0.044% | $1.2M | $4.6M | 10x | |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,162.4 | −0.028% | — | — | 25x | as long as short |
| tradeXYZ xyz:LLYlong | +0.0055% | 1h | 1,162.7 | long leg | $8.7M | $1.2M | 10x | |
| BloFin LLY-USDT | +0.0089% | 8h | 1,163.5 | +0.071% | $84K | $84K | 20x | as long as short |
| Binance LLYUSDT | +0.0099% | 8h | 1,163.3 | +0.055% | $2.0M | $3.1M | 20x | as long as short |
| KuCoin LLYUSDTM | +0.0100% | 8h | 1,163.2 | +0.043% | $137K | $73K | 20x | as long as short |
| Nado LLY-PERP | +0.0130% | 1h | 1,162.5 | −0.014% | $39K | $251 | 10x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,175.8 | +1.127% | $7K | $24K | 12x | as long as short |
| Phoenix LLY | +0.0343% | 1h | 1,163.9 | +0.103% | $1K | $7K | 10x | as long as short |
Vest LLY-USD-PERP
BloFin LLY-USDT
Binance LLYUSDT
KuCoin LLYUSDTM
Nado LLY-PERP
Injective LLY/USDC PERP
Phoenix LLY