Funding you earn now, next payment 01:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.030%
Price spread now: Coinbase International against Phemex+0.112%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Coinbase International is 0.112% dearer against Phemex than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ATOMUSDT | 1.7920 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $1.6M | $1.9M | 50x |
| Short | Coinbase International ATOM-PERP-INTX | 1.7940 | 0.0024 | get 0.0003% / 1h | 54m 12s | $25K | $12K | 25x |
Phemex ATOMUSDT
Coinbase International ATOM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$15.96
- Price spread: +0.112% → 0.000%
- $11.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$26.8
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; Coinbase International: no order-book sample. Net counts fees only.
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, 4 min ago | 16.67 bp | 26.4 bp −$26 | 44.8 bp −$448 | 131.3 bp −$13.1K | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0196% | 1h | 1.7925 | +0.028% | $493 | $10K | 25x | as long as short |
| Bybit ATOMUSDT | −0.0172% | 8h | 1.7910 | −0.056% | $15.0M | $10.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0081% | 8h | 1.7900 | −0.112% | $5.0M | $5.6M | 50x | as long as short |
| Variational Omni ATOM | −0.0081% | 8h | 1.7902 | −0.099% | $573K | $76K | — | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0010% | 1h | 1.7952 | +0.179% | $3.1M | $698K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7967 | +0.263% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.7926 | +0.034% | $12K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTXshort | +0.0024% | 1h | 1.7940 | +0.112% | $25K | $12K | 25x | |
| BloFin ATOM-USDT | +0.0100% | 8h | 1.7960 | +0.223% | $1.1M | $322K | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7946 | +0.145% | $2.8M | $852K | 5x | as long as short |
Deribit ATOM_USDC-PERPETUAL
Bybit ATOMUSDT
OKX ATOM-USDT-SWAP
Variational Omni ATOM
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
BloFin ATOM-USDT
Hyperliquid ATOMShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ATOMUSDT | +0.0100% | 8h | 1.7910 | −0.056% | $974K | $245K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7930 | +0.056% | $21.3M | $31.6M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7930 | +0.056% | $2.4M | $817K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7910 | −0.056% | $8.7M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7940 | +0.112% | $1.6M | $794K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7933 | +0.073% | $6.7M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7940 | +0.112% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7982 | +0.343% | $442K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7990 | +0.389% | $763K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7925 | +0.028% | $312K | $181K | 75x | as long as short |
| Phemex ATOMUSDTlong | +0.0100% | 8h | 1.7920 | long leg | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.7906 | −0.078% | $9K | $207K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0171% | 1h | 1.7940 | +0.112% | $654 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.7923 | +0.016% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7900 | −0.111% | $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