Funding you earn now, next payment 00:00 UTC−0.0182%/8h= −19.9% APRnext payment −$1.82 per $10,000 · paid last 24h −0.020%
Price spread now: Bybit against Gate−0.028%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$850.849% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now −0.028%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.050% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ATOM_USDT | 1.8090 | 0.0100 | pay 0.0100% / 8h | 2h 42m | $2.5M | $828K | 75x |
| Short | Bybit ATOMUSDT | 1.8085 | −0.0082 | pay 0.0082% / 8h | 2h 42m | $15.2M | $10.4M | 75x |
Gate ATOM_USDT
Bybit ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- −$38.25
- Price spread: −0.028% → +0.023%
- −$5.03
- Slippage, 4 orders
- −$58.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$128.21
- Costs to cover
- 0.849%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 1 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 Gate live order book, 5 min ago | 2.77 bp | 27.7 bp −$28 | 91.3 bp −$913 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.77 bp | 16.2 bp −$16 | 37.8 bp −$378 | 98.1 bp −$9,814 | 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 | −0.0247% | 1h | 1.8089 | −0.006% | $497 | $10K | 25x | as long as short |
| Bybit ATOMUSDTshort | −0.0082% | 8h | 1.8085 | −0.028% | $15.2M | $10.4M | 75x | |
| Variational Omni ATOM | −0.0066% | 8h | 1.8025 | −0.359% | $576K | $18K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0024% | 8h | 1.8070 | −0.111% | $5.2M | $5.0M | 50x | as long as short |
| Coinbase International ATOM-PERP-INTX | −0.0008% | 1h | 1.8060 | −0.166% | $25K | $11K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8099 | +0.051% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8093 | +0.017% | $9K | — | 150x | as long as short |
| Bitget ATOMUSDT | +0.0067% | 8h | 1.8085 | −0.028% | $6.6M | $2.6M | 75x | as long as short |
| BloFin ATOM-USDT | +0.0087% | 8h | 1.8110 | +0.111% | $1.1M | $325K | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8092 | +0.011% | $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 | 1.8087 | −0.018% | $984K | $238K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8106 | +0.087% | $21.6M | $30.1M | 75x | as long as short |
| Gate ATOM_USDTlong | +0.0100% | 8h | 1.8090 | long leg | $2.5M | $828K | 75x | |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8100 | +0.055% | $9.0M | $2.9M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8100 | +0.055% | $1.6M | $800K | 50x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8080 | −0.055% | — | $25.0M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8062 | −0.157% | $444K | $297K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8060 | −0.166% | $765K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8083 | −0.039% | $308K | $183K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8090 | 0.000% | $1.6M | $1.8M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8104 | +0.077% | $6K | $184K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0132% | 1h | 1.8090 | 0.000% | $660 | $117K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8091 | +0.005% | $3K | — | 120x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0203% | 1h | 1.8108 | +0.099% | $3.1M | $671K | 50x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8071 | −0.104% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
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]
Kraken Futures PF_ATOMUSD
Reya ATOMRUSDPERP