Funding you earn now, next payment 02:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h −0.028%
Price spread now: Phemex against Injective−0.055%65s7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as 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−$1061.056% of the position
Funding, last 7 days−0.560%−$56 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.055%, 7d avg −0.067%
=The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 65 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 | 1.8050 | 0.0171 | pay 0.0021% / 1h | 32m 04s | $658 | $290K | 12x |
| Short | Phemex ATOMUSDT | 1.8040 | 0.0100 | get 0.0100% / 8h | 6h 32m | $1.6M | $1.9M | 50x |
Injective ATOM/USDC PERP
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$14.87
- Price spread: −0.055% → −0.067%
- $1.18
- Slippage, 4 orders
- −$93.58
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$119.29
- Costs to cover
- 1.056%
- Break-even
- never at this rate
Slippage from Injective: live order book, 22 min ago; Phemex: 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 Injective live order book, 22 min ago | 36.12 bp | 36.1 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.78 bp | 17.3 bp −$17 | 39.5 bp −$395 | 120.2 bp −$12.0K | doesn't fit |
ATOM on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ATOMUSDT | −0.0214% | 8h | 1.8020 | −0.166% | $15.1M | $10.8M | 75x | as long as short |
| Variational Omni ATOM | −0.0097% | 8h | 1.8002 | −0.265% | $575K | $76K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0094% | 8h | 1.8020 | −0.166% | $5.1M | $5.7M | 50x | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0010% | 1h | 1.8064 | +0.077% | $3.1M | $698K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8047 | −0.016% | $63K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8047 | −0.017% | $496 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8044 | −0.032% | $1K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0024% | 1h | 1.7940 | −0.609% | $25K | $11K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8021 | −0.161% | $2.8M | $850K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8027 | −0.129% | $977K | $245K | 20x | as long as short |
Bybit ATOMUSDT
Variational Omni ATOM
OKX ATOM-USDT-SWAP
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Hyperliquid ATOM
Aster ATOMUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.8044 | −0.032% | $21.4M | $31.8M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8040 | −0.055% | $2.5M | $820K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8040 | −0.055% | $8.5M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8050 | 0.000% | $1.6M | $775K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8038 | −0.066% | $6.8M | $2.9M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8010 | −0.222% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8015 | −0.195% | $443K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8010 | −0.220% | $770K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8035 | −0.083% | $313K | $181K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.8040 | −0.055% | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8042 | −0.042% | $5K | $212K | 10x | as long as short |
| Injective ATOM/USDC PERPlong | +0.0171% | 1h | 1.8050 | long leg | $658 | $290K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8051 | +0.004% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8038 | −0.064% | $2K | — | 25x | as long as short |
Binance ATOMUSDT
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
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP