Funding you earn now, next payment 11:00 UTC+0.0593%/8h= +64.9% APRpaid last 24h +0.070%
Price spread now: Phemex against Deribit+0.086%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Phemex is 0.086% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ATOM_USDC-PERPETUAL | 1.7475 | −0.0493 | get 0.0062% / 1h | 31m 40s | $480 | — | 25x |
| Short | Phemex ATOMUSDT | 1.7490 | 0.0100 | get 0.0100% / 8h | 5h 31m | $1.5M | $2.0M | 50x |
Deribit ATOM_USDC-PERPETUAL
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Deribit. 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
- $124.53
- Price spread: +0.086% → 0.000%
- $8.58
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $114.11
- Costs to cover
- 0.190%
- Break-even
- 0.6 days
Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 11.38 bp | 27.0 bp −$27 | 44.1 bp −$441 | 131.2 bp −$13.1K | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ATOM on 25 exchanges
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-PERPETUALlong | −0.0493% | 1h | 1.7475 | long leg | $480 | — | 25x | |
| Hyperliquid ATOM | −0.0108% | 1h | 1.7462 | −0.074% | $3.2M | $908K | 5x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7483 | +0.044% | $66K | $9K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.7485 | +0.054% | $9K | — | 150x | as long as short |
| Bybit ATOMUSDT | +0.0020% | 8h | 1.7469 | −0.034% | $14.6M | $9.9M | 75x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0061% | 1h | 1.7487 | +0.068% | $2.8M | $774K | 50x | as long as short |
| Variational Omni ATOM | +0.0067% | 8h | 1.7571 | +0.547% | $558K | $83K | — | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7451 | −0.139% | $948K | $128K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7472 | −0.015% | $21.2M | $32.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7460 | −0.086% | $5.0M | $5.8M | 50x | as long as short |
Hyperliquid ATOM
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Bybit ATOMUSDT
Kraken Futures PF_ATOMUSD
Variational Omni ATOM
Aster ATOMUSDT
Binance ATOMUSDT
OKX ATOM-USDT-SWAPShow all 25 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ATOM_USDT | +0.0100% | 8h | 1.7480 | +0.029% | $2.5M | $846K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7470 | −0.029% | $21.5M | $7.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7470 | −0.029% | $1.5M | $689K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7469 | −0.034% | $6.4M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7470 | −0.029% | — | $43.8M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7591 | +0.662% | $433K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7597 | +0.697% | $754K | $2.4M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7465 | −0.057% | $305K | $152K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.7490 | +0.086% | $1.5M | $2.0M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.7463 | −0.069% | $9K | $275K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0107% | 8h | 1.7470 | −0.029% | $1.1M | $317K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0129% | 1h | 1.7500 | +0.143% | $638 | $290K | 12x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0136% | 1h | 1.7500 | +0.143% | $25K | $5K | 25x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0197% / S −0.1340% | 1h | 1.7568 | +0.533% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7463 | −0.068% | $2K | — | 25x | 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
BloFin ATOM-USDT
Injective ATOM/USDC PERP
Coinbase International ATOM-PERP-INTX
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP