Funding you earn now, next payment 23:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.014%
Price spread now: Injective against Bitget+0.078%111s7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as 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−$1041.038% of the position
Funding, last 7 days+0.413%+$41 on $10k
+Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.078%, 7d avg +0.111%
=Funding pays, the price is against you. Injective is 0.033% cheaper against Bitget than usual: you would sell low and buy high (spread +0.078% now, against its 7-day average of +0.111%). If the spread goes back, that is −$3 on $10k: about 2.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.413% in total) that is about 13 hours. The two prices were read 111 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 | Bitget ATOMUSDT | 1.8026 | 0.0100 | pay 0.0100% / 8h | 1h 57m | $6.8M | $2.7M | 75x |
| Short | Injective ATOM/USDC PERP | 1.8040 | 0.0143 | get 0.0018% / 1h | 57m 33s | $658 | $233K | 12x |
Bitget ATOMUSDT
Injective ATOM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- $9
- Price spread: +0.078% → +0.111%
- −$3.29
- Slippage, 4 orders
- −$91.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$98.12
- Costs to cover
- 1.038%
- Break-even
- 83.3 days
Slippage from Bitget: live order book, 6 min ago; Injective: live order book, 12 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 Bitget live order book, 6 min ago | 3.61 bp | 13.0 bp −$13 | 27.8 bp −$278 | doesn't fit | doesn't fit |
| Sell Injective live order book, 12 min ago | 36.00 bp | 36.0 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ATOM_USDC-PERPETUAL | −0.0637% | 1h | 1.8026 | 0.000% | $496 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0068% | 8h | 1.8010 | −0.089% | $5.2M | $5.1M | 50x | as long as short |
| Variational Omni ATOM | −0.0016% | 8h | 1.8014 | −0.066% | $576K | $18K | — | as long as short |
| Bybit ATOMUSDT | −0.0005% | 8h | 1.8014 | −0.067% | $15.2M | $10.4M | 75x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8038 | +0.069% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8042 | +0.090% | $9K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0032% | 1h | 1.8190 | +0.910% | $26K | $12K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8025 | −0.006% | $2.8M | $914K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8018 | −0.047% | $980K | $243K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8020 | −0.033% | $21.5M | $30.3M | 75x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
Bybit ATOMUSDT
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Hyperliquid ATOM
Aster ATOMUSDT
Binance ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ATOM_USDT | +0.0100% | 8h | 1.8030 | +0.022% | $2.5M | $827K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8040 | +0.078% | $9.0M | $2.8M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8040 | +0.078% | $1.6M | $824K | 50x | as long as short |
| Bitget ATOMUSDTlong | +0.0100% | 8h | 1.8026 | long leg | $6.8M | $2.7M | 75x | |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8030 | +0.022% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8032 | +0.032% | $444K | $292K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8020 | −0.033% | $769K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8037 | +0.061% | $308K | $177K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8040 | +0.078% | $1.6M | $1.9M | 50x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0100% | 1h | 1.8044 | +0.102% | $3.1M | $665K | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8017 | −0.050% | $6K | $184K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0124% | 8h | 1.8010 | −0.089% | $1.1M | $323K | 75x | as long as short |
| Injective ATOM/USDC PERPshort | +0.0143% | 1h | 1.8040 | +0.078% | $658 | $233K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0201% / S −0.1956% | 1h | 1.8046 | +0.108% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8022 | −0.021% | $2K | — | 25x | as long as short |
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Kraken Futures PF_ATOMUSD
Extended ATOM-USD
BloFin ATOM-USDT
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP