Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.034%
Price spread now: Bybit against GRVT−0.023%80s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as 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−$850.846% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 7 days+0.065%+$6 · spread now −0.023%, 7d avg 0.000%
=Together, before fees−0.081%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.023% cheaper against GRVT than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of 0.000%). Swap the legs. The two prices were read 80 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 | GRVT ATOM_USDT_Perp | 1.7987 | 0.0100 | pay 0.0100% / 8h | 3h 34m | $760K | $2.7M | 10x |
| Short | Bybit ATOMUSDT | 1.7983 | 0.0087 | get 0.0087% / 8h | 3h 34m | $14.9M | $9.7M | 75x |
GRVT ATOM_USDT_Perp
Bybit ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GRVT. 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
- −$2.71
- Price spread: −0.023% → 0.000%
- −$2.31
- Slippage, 4 orders
- −$64.56
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$89.58
- Costs to cover
- 0.846%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; Bybit: live order book, 4 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 GRVT live order book, 5 min ago | 19.42 bp | 27.5 bp −$27 | 82.3 bp −$823 | 8356.2 bp −$835.6K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.78 bp | 13.8 bp −$14 | 28.8 bp −$288 | 99.0 bp −$9,896 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ATOM-PERP-INTX | −0.0256% | 1h | 1.8040 | +0.294% | $25K | $4K | 25x | as long as short |
| Variational Omni ATOM | −0.0005% | 8h | 1.7952 | −0.196% | $574K | $74K | — | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8006 | +0.105% | $63K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.7991 | +0.022% | $495 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.7985 | −0.014% | $799 | — | 150x | as long as short |
| Bybit ATOMUSDTshort | +0.0087% | 8h | 1.7983 | −0.023% | $14.9M | $9.7M | 75x | |
| OKX ATOM-USDT-SWAP | +0.0094% | 8h | 1.7980 | −0.039% | $5.0M | $5.6M | 50x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7985 | −0.012% | $2.8M | $697K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7980 | −0.038% | $974K | $234K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7989 | +0.013% | $21.4M | $29.9M | 75x | as long as short |
Coinbase International ATOM-PERP-INTX
Variational Omni ATOM
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
OKX ATOM-USDT-SWAP
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 | 1.7990 | +0.016% | $2.5M | $800K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7980 | −0.039% | $8.4M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8000 | +0.072% | $1.6M | $665K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7990 | +0.016% | $6.9M | $2.7M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7990 | +0.016% | — | $24.4M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7992 | +0.030% | $443K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perplong | +0.0100% | 8h | 1.7987 | long leg | $760K | $2.7M | 10x | |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7987 | 0.000% | $313K | $174K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.7980 | −0.039% | $1.5M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7989 | +0.008% | $5K | $197K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0113% | 8h | 1.8020 | +0.183% | $1.1M | $307K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0146% | 1h | 1.7990 | +0.016% | $656 | $290K | 12x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0165% | 1h | 1.8013 | +0.144% | $3.1M | $701K | 50x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.7984 | −0.018% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7982 | −0.028% | $2K | — | 25x | as long as short |
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
BloFin ATOM-USDT
Injective ATOM/USDC PERP
Kraken Futures PF_ATOMUSD
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP