Funding you earn now, next payment 23:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.013%
Price spread now: KuCoin against Injective−0.110%85s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as 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−$1251.252% of the position
Funding, last 7 days−0.621%−$62 on $10k
+Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.110%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.082% cheaper against Injective than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 85 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 | 1.8180 | 0.0143 | pay 0.0018% / 1h | 11m 55s | $663 | $290K | 12x |
| Short | KuCoin ATOMUSDTM | 1.8160 | 0.0100 | get 0.0100% / 8h | 1h 11m | $1.6M | $842K | 50x |
Injective ATOM/USDC PERP
KuCoin ATOMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.110% → −0.028%
- −$8.2
- Slippage, 4 orders
- −$113.19
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$142.41
- Costs to cover
- 1.252%
- Break-even
- never at this rate
Slippage from Injective: live order book, 57 min ago; KuCoin: 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 Injective live order book, 57 min ago | 36.00 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 5.50 bp | 33.8 bp −$34 | 150.7 bp −$1,507 | 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 | −0.0300% | 1h | 1.8158 | −0.121% | $499 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0091% | 8h | 1.8140 | −0.220% | $5.2M | $5.3M | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8161 | −0.107% | $63K | $3K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8156 | −0.129% | $9K | — | 150x | as long as short |
| Variational Omni ATOM | +0.0005% | 8h | 1.8143 | −0.205% | $589K | $71K | — | as long as short |
| Bybit ATOMUSDT | +0.0021% | 8h | 1.8147 | −0.182% | $15.2M | $10.6M | 75x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0032% | 1h | 1.8150 | −0.165% | $25K | $12K | 25x | as long as short |
| BloFin ATOM-USDT | +0.0086% | 8h | 1.8180 | 0.000% | $1.1M | $338K | 75x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0099% | 1h | 1.8174 | −0.036% | $3.1M | $678K | 50x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8154 | −0.143% | $2.8M | $911K | 5x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Variational Omni ATOM
Bybit ATOMUSDT
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 | 1.8160 | −0.110% | $988K | $235K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8166 | −0.076% | $21.7M | $30.8M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8150 | −0.165% | $2.5M | $846K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8150 | −0.165% | $9.1M | $2.9M | 200x | as long as short |
| KuCoin ATOMUSDTMshort | +0.0100% | 8h | 1.8160 | −0.110% | $1.6M | $842K | 50x | |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8158 | −0.121% | $6.9M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8150 | −0.165% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8149 | −0.169% | $447K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8150 | −0.165% | $767K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8155 | −0.138% | $311K | $179K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8150 | −0.165% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8157 | −0.128% | $6K | $184K | 10x | as long as short |
| Injective ATOM/USDC PERPlong | +0.0143% | 1h | 1.8180 | long leg | $663 | $290K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0203% / S −0.2202% | 1h | 1.8162 | −0.097% | $4K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8145 | −0.194% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP