Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.82 per $10,000 · paid last 24h +0.003%
Price spread now: Phemex against Bybit+0.055%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$640.645% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.055%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 0.022% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ATOMUSDT | 1.8170 | 0.0018 | pay 0.0018% / 8h | 1h 40m | $15.3M | $10.4M | 75x |
| Short | Phemex ATOMUSDT | 1.8180 | 0.0100 | get 0.0100% / 8h | 1h 40m | $1.6M | $1.9M | 50x |
Bybit ATOMUSDT
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $17.29
- Price spread: +0.055% → +0.033%
- $2.23
- Slippage, 4 orders
- −$41.49
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$44.97
- Costs to cover
- 0.645%
- Break-even
- 25.2 days
Slippage from Bybit: live order book, 3 min ago; Phemex: 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, 3 min ago | 2.75 bp | 13.5 bp −$13 | 29.0 bp −$290 | 92.0 bp −$9,202 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.74 bp | 17.7 bp −$18 | 37.8 bp −$378 | 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 | −0.0073% | 8h | 1.8170 | 0.000% | $5.3M | $5.2M | 50x | as long as short |
| Variational Omni ATOM | −0.0002% | 8h | 1.8193 | +0.126% | $582K | $42K | — | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8207 | +0.206% | $64K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8185 | +0.083% | $500 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8187 | +0.092% | $9K | — | 150x | as long as short |
| Bybit ATOMUSDTlong | +0.0018% | 8h | 1.8170 | long leg | $15.3M | $10.4M | 75x | |
| Coinbase International ATOM-PERP-INTX | +0.0032% | 1h | 1.8150 | −0.110% | $25K | $12K | 25x | as long as short |
| BloFin ATOM-USDT | +0.0080% | 8h | 1.8220 | +0.275% | $1.1M | $328K | 75x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0099% | 1h | 1.8205 | +0.192% | $3.1M | $674K | 50x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8178 | +0.044% | $2.8M | $912K | 5x | as long as short |
OKX ATOM-USDT-SWAP
Variational Omni ATOM
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
BloFin ATOM-USDT
Kraken Futures PF_ATOMUSD
Hyperliquid ATOMShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ATOMUSDT | +0.0100% | 8h | 1.8169 | −0.007% | $989K | $235K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8188 | +0.100% | $21.8M | $30.6M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8180 | +0.055% | $2.5M | $841K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8170 | 0.000% | $9.1M | $2.8M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8190 | +0.110% | $1.6M | $835K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8170 | 0.000% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8170 | 0.000% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8200 | +0.165% | $448K | $293K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8170 | +0.002% | $774K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8165 | −0.028% | $311K | $179K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.8180 | +0.055% | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8182 | +0.066% | $6K | $184K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0143% | 1h | 1.8240 | +0.385% | $665 | $233K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8192 | +0.122% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8163 | −0.039% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
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