Funding you earn now, next payment 22:00 UTC+0.0296%/8h= +32.4% APRpaid last 24h −0.004%
Price spread now: Kraken Futures against Bybit+0.120%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$650.650% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 3 days (all we have)+0.211%+$21 · spread now +0.120%, 7d avg +0.150%
=Funding pays, the price is against you. Kraken Futures is 0.029% cheaper against Bybit than usual: you would sell low and buy high (spread +0.120% now, against its 7-day average of +0.150%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment. 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 | Bybit ATOMUSDT | 1.8033 | −0.0092 | get 0.0092% / 8h | 2h 46m | $15.2M | $10.5M | 75x |
| Short | Kraken Futures PF_ATOMUSD | 1.8055 | 0.0204 | get 0.0025% / 1h | 46m 09s | $3.1M | $672K | 50x |
Bybit ATOMUSDT
Kraken Futures PF_ATOMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $62.1
- Price spread: +0.120% → +0.150%
- −$2.95
- Slippage, 4 orders
- −$44.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$5.9
- Costs to cover
- 0.650%
- Break-even
- 7.7 days
Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 3 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 Bybit live order book, 2 min ago | 2.77 bp | 11.1 bp −$11 | 34.1 bp −$341 | 94.3 bp −$9,433 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 5.54 bp | 17.5 bp −$18 | 47.7 bp −$477 | 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 | −0.0359% | 1h | 1.8039 | +0.033% | $496 | $10K | 25x | as long as short |
| Bybit ATOMUSDTlong | −0.0092% | 8h | 1.8033 | long leg | $15.2M | $10.5M | 75x | |
| Variational Omni ATOM | −0.0064% | 8h | 1.8015 | −0.099% | $576K | $18K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0019% | 8h | 1.8020 | −0.072% | $5.2M | $5.0M | 50x | as long as short |
| Coinbase International ATOM-PERP-INTX | −0.0008% | 1h | 1.8020 | −0.072% | $25K | $11K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8043 | +0.055% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8049 | +0.088% | $9K | — | 150x | as long as short |
| Bitget ATOMUSDT | +0.0067% | 8h | 1.8024 | −0.050% | $6.6M | $2.6M | 75x | as long as short |
| BloFin ATOM-USDT | +0.0099% | 8h | 1.8030 | −0.017% | $1.1M | $324K | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8033 | 0.000% | $2.8M | $982K | 5x | as long as short |
Deribit ATOM_USDC-PERPETUAL
Variational Omni ATOM
OKX ATOM-USDT-SWAP
Coinbase International ATOM-PERP-INTX
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Bitget ATOMUSDT
BloFin ATOM-USDT
Hyperliquid ATOMShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ATOMUSDT | +0.0100% | 8h | 1.8051 | +0.101% | $982K | $238K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8036 | +0.014% | $21.5M | $30.1M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8040 | +0.039% | $2.5M | $828K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8040 | +0.039% | $9.0M | $2.9M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8040 | +0.039% | $1.6M | $801K | 50x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8030 | −0.017% | — | $25.0M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8041 | +0.043% | $444K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8038 | +0.029% | $762K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8023 | −0.055% | $307K | $183K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8030 | −0.017% | $1.6M | $1.8M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8048 | +0.085% | $6K | $184K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0132% | 1h | 1.8060 | +0.150% | $659 | $117K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8045 | +0.064% | $3K | — | 120x | as long as short |
| Kraken Futures PF_ATOMUSDshort | +0.0204% | 1h | 1.8055 | +0.120% | $3.1M | $672K | 50x | |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8023 | −0.053% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP