Funding you earn now, next payment 23:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.013%
Price spread now: Gate against Injective−0.055%99s7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as 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−$1211.213% of the position
Funding, last 7 days−0.439%−$44 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.055%, 7d avg −0.107%
=The price spread pays, funding is against you. Gate is 0.051% dearer against Injective than usual: you sell high and buy low (spread −0.055% now, against its 7-day average of −0.107%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.439% in total) that is about 20 hours. The two prices were read 99 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 | Injective ATOM/USDC PERP | 1.8040 | 0.0143 | pay 0.0018% / 1h | 57m 29s | $658 | $233K | 12x |
| Short | Gate ATOM_USDT | 1.8030 | 0.0100 | get 0.0100% / 8h | 1h 57m | $2.5M | $827K | 75x |
Injective ATOM/USDC PERP
Gate ATOM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Injective. 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
- −$9
- Price spread: −0.055% → −0.107%
- $5.13
- Slippage, 4 orders
- −$106.28
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$125.17
- Costs to cover
- 1.213%
- Break-even
- never at this rate
Slippage from Injective: live order book, 12 min ago; Gate: live order book, 5 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 Injective live order book, 12 min ago | 36.00 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.55 bp | 23.7 bp −$24 | 94.4 bp −$944 | 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 | −0.0637% | 1h | 1.8026 | −0.078% | $496 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0068% | 8h | 1.8010 | −0.166% | $5.2M | $5.1M | 50x | as long as short |
| Variational Omni ATOM | −0.0016% | 8h | 1.8014 | −0.143% | $576K | $18K | — | as long as short |
| Bybit ATOMUSDT | −0.0005% | 8h | 1.8014 | −0.144% | $15.2M | $10.4M | 75x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8038 | −0.009% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8042 | +0.012% | $9K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0032% | 1h | 1.8190 | +0.831% | $26K | $12K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8025 | −0.083% | $2.8M | $914K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8018 | −0.124% | $980K | $243K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8020 | −0.111% | $21.5M | $30.3M | 75x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
Bybit ATOMUSDT
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
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_USDTshort | +0.0100% | 8h | 1.8030 | −0.055% | $2.5M | $827K | 75x | |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8040 | 0.000% | $9.0M | $2.8M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8040 | 0.000% | $1.6M | $824K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8026 | −0.078% | $6.8M | $2.7M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8030 | −0.055% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8032 | −0.046% | $444K | $292K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8020 | −0.111% | $769K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8037 | −0.017% | $308K | $177K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8040 | 0.000% | $1.6M | $1.9M | 50x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0100% | 1h | 1.8044 | +0.025% | $3.1M | $665K | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8017 | −0.128% | $6K | $184K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0124% | 8h | 1.8010 | −0.166% | $1.1M | $323K | 75x | as long as short |
| Injective ATOM/USDC PERPlong | +0.0143% | 1h | 1.8040 | long leg | $658 | $233K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0201% / S −0.1956% | 1h | 1.8046 | +0.030% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8022 | −0.098% | $2K | — | 25x | as long as short |
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Kraken Futures PF_ATOMUSD
Extended ATOM-USD
BloFin ATOM-USDT
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP