Funding you earn now, next payment 00:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Phemex against BloFin+0.055%59s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as 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−$670.670% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.055%, 7d avg −0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.074% dearer against BloFin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 59 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 | 1.8210 | 0.0107 | pay 0.0107% / 8h | 57m 57s | $1.1M | $339K | 75x |
| Short | Phemex ATOMUSDT | 1.8220 | 0.0100 | get 0.0100% / 8h | 57m 57s | $1.6M | $1.9M | 50x |
BloFin ATOM-USDT
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$1.44
- Price spread: +0.055% → −0.019%
- $7.43
- Slippage, 4 orders
- −$43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$61.02
- Costs to cover
- 0.670%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Phemex: 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 BloFin live order book, 4 min ago | 2.75 bp | 13.6 bp −$14 | 17.6 bp −$176 | 69.9 bp −$6,988 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 5.49 bp | 18.0 bp −$18 | 41.7 bp −$417 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ATOM-USDT-SWAP | −0.0095% | 8h | 1.8210 | 0.000% | $5.2M | $5.4M | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8207 | −0.017% | $64K | $3K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8221 | +0.060% | $501 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8221 | +0.060% | $9K | — | 150x | as long as short |
| Variational Omni ATOM | +0.0002% | 8h | 1.8183 | −0.151% | $581K | $81K | — | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0008% | 1h | 1.8150 | −0.329% | $25K | $12K | 25x | as long as short |
| Bybit ATOMUSDT | +0.0012% | 8h | 1.8205 | −0.027% | $15.3M | $10.6M | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8218 | +0.044% | $2.8M | $862K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8213 | +0.014% | $991K | $235K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8227 | +0.092% | $21.8M | $30.8M | 75x | as long as short |
OKX ATOM-USDT-SWAP
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Variational Omni ATOM
Coinbase International ATOM-PERP-INTX
Bybit ATOMUSDT
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 | 1.8210 | 0.000% | $2.5M | $842K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8210 | 0.000% | $9.1M | $2.8M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8230 | +0.110% | $1.6M | $833K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8207 | −0.016% | $6.9M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8210 | 0.000% | — | $24.8M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8211 | +0.005% | $448K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8210 | 0.000% | $770K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8205 | −0.027% | $312K | $179K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.8220 | +0.055% | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8223 | +0.070% | $6K | $184K | 10x | as long as short |
| BloFin ATOM-USDTlong | +0.0107% | 8h | 1.8210 | long leg | $1.1M | $339K | 75x | |
| Injective ATOM/USDC PERP | +0.0143% | 1h | 1.8220 | +0.055% | $665 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0203% / S −0.2202% | 1h | 1.8220 | +0.058% | $4K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8208 | −0.012% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0242% | 1h | 1.8233 | +0.128% | $3.1M | $675K | 50x | 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
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP
Kraken Futures PF_ATOMUSD