Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.036%
Price spread now: Bybit against BloFin−0.132%92s7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$670.665% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.458%−$46 · spread now −0.132%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.077% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.054%). Swap the legs. The two prices were read 92 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 | BloFin ATOM-USDT | 1.8230 | 0.0088 | pay 0.0088% / 8h | 5h 19m | $1.1M | $312K | 75x |
| Short | Bybit ATOMUSDT | 1.8206 | −0.0012 | pay 0.0012% / 8h | 5h 19m | $15.2M | $9.9M | 75x |
BloFin ATOM-USDT
Bybit ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$20.95
- Price spread: −0.132% → −0.054%
- −$7.73
- Slippage, 4 orders
- −$43.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$95.21
- Costs to cover
- 0.665%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 4 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 BloFin live order book, 2 min ago | 8.23 bp | 17.0 bp −$17 | 27.7 bp −$277 | 89.9 bp −$8,994 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.75 bp | 14.1 bp −$14 | 29.9 bp −$299 | 96.0 bp −$9,604 | 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 | −1.591% | $25K | $6K | 25x | as long as short |
| Variational Omni ATOM | −0.0066% | 8h | 1.8212 | −0.101% | $582K | $74K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0051% | 8h | 1.8210 | −0.110% | $5.1M | $5.6M | 50x | as long as short |
| Bybit ATOMUSDTshort | −0.0012% | 8h | 1.8206 | −0.132% | $15.2M | $9.9M | 75x | |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8240 | +0.055% | $64K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8231 | +0.005% | $501 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8232 | +0.012% | $810 | — | 150x | as long as short |
| BloFin ATOM-USDTlong | +0.0088% | 8h | 1.8230 | long leg | $1.1M | $312K | 75x | |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8216 | −0.077% | $2.8M | $748K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8222 | −0.045% | $987K | $239K | 20x | as long as short |
Coinbase International ATOM-PERP-INTX
Variational Omni ATOM
OKX ATOM-USDT-SWAP
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Hyperliquid ATOM
Aster ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.8230 | 0.000% | $21.7M | $30.1M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8230 | 0.000% | $2.5M | $829K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8210 | −0.110% | $8.6M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8240 | +0.055% | $1.6M | $689K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8225 | −0.027% | $6.8M | $2.7M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8220 | −0.055% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8128 | −0.558% | $446K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8160 | −0.383% | $776K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8208 | −0.121% | $317K | $180K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8230 | 0.000% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8226 | −0.022% | $7K | $205K | 10x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0122% | 1h | 1.8246 | +0.090% | $3.1M | $719K | 50x | as long as short |
| Injective ATOM/USDC PERP | +0.0132% | 1h | 1.8230 | 0.000% | $665 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8231 | +0.005% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8219 | −0.059% | $2K | — | 25x | as long as short |
Binance ATOMUSDT
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
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP