Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.6% APRpaid last 24h +0.013%
Price spread now: Injective against Binance−0.009%47s7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$900.905% of the position
Funding, last 7 days+0.416%+$42 on $10k
+Price spread, last 4 days (all we have)+0.477%+$48 · spread now −0.009%, 7d avg +0.044%
=Funding pays, the price is against you. Injective is 0.052% cheaper against Binance than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.044%). If the spread goes back, that is −$5 on $10k: about 5.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.416% in total) that is about 21 hours. The two prices were read 47 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 | Binance ATOMUSDT | 1.8232 | 0.0100 | pay 0.0100% / 8h | 5h 20m | $21.6M | $30.0M | 75x |
| Short | Injective ATOM/USDC PERP | 1.8230 | 0.0132 | get 0.0017% / 1h | 20m 30s | $665 | $290K | 12x |
Binance ATOMUSDT
Injective ATOM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- $6.82
- Price spread: −0.009% → +0.044%
- −$5.21
- Slippage, 4 orders
- −$80.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$88.86
- Costs to cover
- 0.905%
- Break-even
- 98.2 days
Slippage from Binance: live order book, 6 min ago; Injective: live order book, 29 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 Binance live order book, 6 min ago | 2.76 bp | 7.8 bp −$8 | 21.6 bp −$216 | 133.7 bp −$13.4K | doesn't fit |
| Sell Injective live order book, 29 min ago | 36.20 bp | 36.2 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
ATOM on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ATOM-PERP-INTX | −0.0224% | 1h | 1.7940 | −1.599% | $25K | $6K | 25x | as long as short |
| Variational Omni ATOM | −0.0066% | 8h | 1.8212 | −0.109% | $582K | $74K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0051% | 8h | 1.8230 | −0.009% | $5.1M | $5.6M | 50x | as long as short |
| Bybit ATOMUSDT | −0.0019% | 8h | 1.8215 | −0.091% | $15.2M | $9.9M | 75x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8240 | +0.046% | $64K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8232 | +0.002% | $501 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8232 | +0.003% | $810 | — | 150x | as long as short |
| BloFin ATOM-USDT | +0.0088% | 8h | 1.8230 | −0.009% | $1.1M | $312K | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8225 | −0.036% | $2.8M | $748K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8226 | −0.031% | $988K | $239K | 20x | as long as short |
Coinbase International ATOM-PERP-INTX
Variational Omni ATOM
OKX ATOM-USDT-SWAP
Bybit ATOMUSDT
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
BloFin ATOM-USDT
Hyperliquid ATOM
Aster ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDTlong | +0.0100% | 8h | 1.8232 | long leg | $21.6M | $30.0M | 75x | |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8230 | −0.009% | $2.5M | $829K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8220 | −0.063% | $8.6M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8240 | +0.046% | $1.6M | $689K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8227 | −0.025% | $6.8M | $2.7M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8220 | −0.063% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8128 | −0.566% | $446K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8160 | −0.391% | $776K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8212 | −0.107% | $317K | $180K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8230 | −0.009% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8236 | +0.022% | $7K | $205K | 10x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0122% | 1h | 1.8241 | +0.050% | $3.1M | $719K | 50x | as long as short |
| Injective ATOM/USDC PERPshort | +0.0132% | 1h | 1.8230 | −0.009% | $665 | $290K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8231 | −0.003% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8219 | −0.068% | $2K | — | 25x | as long as short |
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
Kraken Futures PF_ATOMUSD
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP