Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.14 per $10,000 · paid last 24h +0.016%
Price spread now: BloFin against Phemex+0.110%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$620.625% of the position
Funding, last 7 days+0.219%+$22 on $10k
+Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.110%, 7d avg +0.019%
=The price spread pays, funding is against you. BloFin is 0.091% dearer against Phemex than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.019%): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days. Mind the row above: over the last 7 days funding on this pair paid +0.219%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ATOMUSDT | 1.8160 | 0.0100 | pay 0.0100% / 8h | 1h 12m | $1.6M | $1.9M | 50x |
| Short | BloFin ATOM-USDT | 1.8180 | 0.0086 | get 0.0086% / 8h | 1h 12m | $1.1M | $338K | 75x |
Phemex ATOMUSDT
BloFin ATOM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- −$3.03
- Price spread: +0.110% → +0.019%
- $9.08
- Slippage, 4 orders
- −$38.47
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$56.42
- Costs to cover
- 0.625%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; BloFin: 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 Phemex live order book, 6 min ago | 2.76 bp | 16.6 bp −$17 | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 2.75 bp | 8.8 bp −$9 | 18.7 bp −$187 | 75.2 bp −$7,525 | 229.3 bp −$114.6K |
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 | −0.0190% | 1h | 1.8157 | −0.017% | $499 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0091% | 8h | 1.8140 | −0.110% | $5.2M | $5.3M | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8161 | +0.003% | $63K | $3K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8156 | −0.020% | $9K | — | 150x | as long as short |
| Variational Omni ATOM | +0.0005% | 8h | 1.8143 | −0.095% | $589K | $71K | — | as long as short |
| Bybit ATOMUSDT | +0.0021% | 8h | 1.8150 | −0.055% | $15.2M | $10.6M | 75x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0032% | 1h | 1.8150 | −0.055% | $25K | $12K | 25x | as long as short |
| BloFin ATOM-USDTshort | +0.0086% | 8h | 1.8180 | +0.110% | $1.1M | $338K | 75x | |
| Kraken Futures PF_ATOMUSD | +0.0099% | 1h | 1.8187 | +0.150% | $3.1M | $678K | 50x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8154 | −0.033% | $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
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 | 0.000% | $988K | $235K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8160 | 0.000% | $21.7M | $30.8M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8150 | −0.055% | $2.5M | $846K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8150 | −0.055% | $9.1M | $2.9M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8160 | 0.000% | $1.6M | $840K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8147 | −0.072% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8140 | −0.110% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8149 | −0.059% | $447K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8150 | −0.055% | $767K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8155 | −0.028% | $311K | $179K | 75x | as long as short |
| Phemex ATOMUSDTlong | +0.0100% | 8h | 1.8160 | long leg | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8163 | +0.015% | $6K | $184K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0143% | 1h | 1.8180 | +0.110% | $663 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0203% / S −0.2202% | 1h | 1.8161 | +0.004% | $4K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8144 | −0.086% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
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
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP