Funding you earn now, next payment 22:00 UTC−0.0304%/8h= −33.2% APRpaid last 24h +0.006%
Price spread now: Bybit against Kraken Futures−0.129%55s7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as 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−$640.644% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)−0.358%−$36 · spread now −0.129%, 7d avg −0.152%
=The price spread pays, funding is against you. Bybit is 0.023% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.129% now, against its 7-day average of −0.152%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ATOMUSD | 1.8023 | 0.0204 | pay 0.0026% / 1h | 57m 21s | $3.1M | $677K | 50x |
| Short | Bybit ATOMUSDT | 1.8000 | −0.0100 | pay 0.0100% / 8h | 2h 57m | $15.1M | $10.7M | 75x |
Kraken Futures PF_ATOMUSD
Bybit ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Kraken Futures. 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
- −$63.76
- Price spread: −0.129% → −0.152%
- $2.27
- Slippage, 4 orders
- −$43.43
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$125.92
- Costs to cover
- 0.644%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago | 2.77 bp | 25.2 bp −$25 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.78 bp | 14.1 bp −$14 | 30.3 bp −$303 | 95.5 bp −$9,552 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ATOMUSDTshort | −0.0100% | 8h | 1.8000 | −0.129% | $15.1M | $10.7M | 75x | |
| Deribit ATOM_USDC-PERPETUAL | −0.0083% | 1h | 1.8021 | −0.012% | $495 | $10K | 25x | as long as short |
| Variational Omni ATOM | −0.0063% | 8h | 1.8065 | +0.233% | $577K | $18K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0018% | 8h | 1.8000 | −0.129% | $5.2M | $5.0M | 50x | as long as short |
| Coinbase International ATOM-PERP-INTX | −0.0008% | 1h | 1.8020 | −0.018% | $25K | $12K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8010 | −0.073% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8018 | −0.027% | $9K | — | 150x | as long as short |
| Bitget ATOMUSDT | +0.0065% | 8h | 1.7993 | −0.168% | $6.6M | $2.6M | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8015 | −0.046% | $2.8M | $998K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8014 | −0.051% | $980K | $237K | 20x | 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
Hyperliquid ATOM
Aster ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.8010 | −0.073% | $21.5M | $31.0M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7980 | −0.240% | $2.5M | $825K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8010 | −0.073% | $9.0M | $2.9M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8010 | −0.073% | $1.6M | $849K | 50x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7990 | −0.184% | — | $25.0M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8054 | +0.171% | $444K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8050 | +0.149% | $770K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8025 | +0.010% | $307K | $184K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8020 | −0.018% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7991 | −0.176% | $6K | $184K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0118% | 8h | 1.8050 | +0.149% | $1.1M | $325K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0132% | 1h | 1.8070 | +0.260% | $659 | $117K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8022 | −0.007% | $3K | — | 120x | as long as short |
| Kraken Futures PF_ATOMUSDlong | +0.0204% | 1h | 1.8023 | long leg | $3.1M | $677K | 50x | |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8001 | −0.126% | $2K | — | 25x | as long as short |
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
BloFin ATOM-USDT
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP