Funding you earn now, next payment 08:00 UTC−0.0306%/8h= −33.5% APRnext payment −$3.06 per $10,000 · paid last 24h −0.034%
Price spread now: Bybit against BingX−0.033%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now −0.033%, 7d avg −0.002%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.031% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ATOM-USDT | 1.8020 | 0.0100 | pay 0.0100% / 8h | 6h 51m | — | $24.7M | — |
| Short | Bybit ATOMUSDT | 1.8014 | −0.0206 | pay 0.0206% / 8h | 6h 51m | $15.0M | $10.8M | 75x |
BingX ATOM-USDT
Bybit ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$64.31
- Price spread: −0.033% → −0.002%
- −$3.14
- Slippage, 4 orders
- −$34.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$122.56
- Costs to cover
- 0.551%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 2 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 BingX live order book, 2 min ago | 5.56 bp | 13.6 bp −$14 | 25.6 bp −$256 | 108.3 bp −$10.8K | 354.8 bp −$177.4K |
| Sell Bybit live order book, 2 min ago | 2.78 bp | 13.8 bp −$14 | 34.2 bp −$342 | 99.7 bp −$9,969 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ATOMUSDTshort | −0.0206% | 8h | 1.8014 | −0.033% | $15.0M | $10.8M | 75x | |
| OKX ATOM-USDT-SWAP | −0.0088% | 8h | 1.8020 | 0.000% | $5.1M | $5.7M | 50x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0082% | 1h | 1.8040 | +0.111% | $496 | $10K | 25x | as long as short |
| Variational Omni ATOM | −0.0081% | 8h | 1.7902 | −0.654% | $573K | $76K | — | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0010% | 1h | 1.8042 | +0.122% | $3.1M | $700K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8057 | +0.206% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8036 | +0.089% | $12K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0024% | 1h | 1.7940 | −0.444% | $25K | $12K | 25x | as long as short |
| Phemex ATOMUSDT | +0.0064% | 8h | 1.8030 | +0.055% | $1.6M | $1.9M | 50x | as long as short |
| BloFin ATOM-USDT | +0.0075% | 8h | 1.7990 | −0.166% | $1.1M | $323K | 75x | as long as short |
OKX ATOM-USDT-SWAP
Deribit ATOM_USDC-PERPETUAL
Variational Omni ATOM
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Phemex ATOMUSDT
BloFin ATOM-USDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ATOM | +0.0100% | 1h | 1.8025 | +0.028% | $2.8M | $854K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8004 | −0.089% | $976K | $245K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8040 | +0.111% | $21.4M | $31.7M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8010 | −0.055% | $2.5M | $818K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8020 | 0.000% | $8.7M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8040 | +0.111% | $1.6M | $795K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8019 | −0.006% | $6.8M | $2.9M | 75x | as long as short |
| BingX ATOM-USDTlong | +0.0100% | 8h | 1.8020 | long leg | — | $24.7M | — | |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7986 | −0.189% | $442K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7991 | −0.163% | $763K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8015 | −0.028% | $314K | $181K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8015 | −0.025% | $9K | $207K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0171% | 1h | 1.7940 | −0.444% | $654 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8040 | +0.113% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8012 | −0.045% | $2K | — | 25x | as long as short |
Hyperliquid ATOM
Aster ATOMUSDT
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP