Funding you earn now, next payment 00:00 UTC−0.0134%/8h= −14.6% APRnext payment −$1.34 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against Phemex−0.155%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$810.809% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.155%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.122% cheaper against Phemex than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.130%, 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 | 1.8060 | 0.0100 | pay 0.0100% / 8h | 11m 11s | $1.6M | $1.9M | 50x |
| Short | Bybit ATOMUSDT | 1.8032 | −0.0034 | pay 0.0034% / 8h | 11m 11s | $15.1M | $10.7M | 75x |
Phemex ATOMUSDT
Bybit ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$28.05
- Price spread: −0.155% → −0.033%
- −$12.23
- Slippage, 4 orders
- −$57.86
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$121.13
- Costs to cover
- 0.809%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 13.85 bp | 27.3 bp −$27 | 48.2 bp −$482 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.77 bp | 13.6 bp −$14 | 32.6 bp −$326 | 98.6 bp −$9,858 | 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 | −0.0193% | 1h | 1.8054 | −0.033% | $496 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0105% | 8h | 1.8040 | −0.111% | $5.1M | $5.5M | 50x | as long as short |
| Variational Omni ATOM | −0.0042% | 8h | 1.8032 | −0.153% | $577K | $80K | — | as long as short |
| Bybit ATOMUSDTshort | −0.0034% | 8h | 1.8032 | −0.155% | $15.1M | $10.7M | 75x | |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8068 | +0.047% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8057 | −0.017% | $9K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0008% | 1h | 1.8150 | +0.498% | $25K | $12K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8054 | −0.033% | $2.8M | $855K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8067 | +0.039% | $983K | $235K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8055 | −0.028% | $21.5M | $31.0M | 75x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
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_USDT | +0.0100% | 8h | 1.8060 | 0.000% | $2.5M | $847K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8050 | −0.055% | $9.1M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8060 | 0.000% | $1.6M | $791K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8052 | −0.044% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8040 | −0.111% | — | $24.8M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8054 | −0.035% | $444K | $293K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8060 | 0.000% | $773K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8055 | −0.028% | $309K | $174K | 75x | as long as short |
| Phemex ATOMUSDTlong | +0.0100% | 8h | 1.8060 | long leg | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8056 | −0.019% | $6K | $184K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0129% | 8h | 1.8070 | +0.055% | $1.1M | $326K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0143% | 1h | 1.8080 | +0.111% | $660 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0203% / S −0.2202% | 1h | 1.8059 | −0.003% | $4K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8045 | −0.085% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0244% | 1h | 1.8071 | +0.062% | $3.1M | $684K | 50x | as long as short |
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
BloFin ATOM-USDT
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP
Kraken Futures PF_ATOMUSD