Funding you earn now, next payment 12:00 UTC−0.0519%/8h= −56.8% APRpaid last 24h −0.070%
Price spread now: Deribit against Phemex−0.034%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Deribit is 0.034% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ATOMUSDT | 1.7400 | 0.0022 | pay 0.0022% / 8h | 4h 52m | $1.5M | $2.0M | 50x |
| Short | Deribit ATOM_USDC-PERPETUAL | 1.7394 | −0.0497 | pay 0.0062% / 1h | 52m 45s | $478 | — | 25x |
Phemex ATOMUSDT
Deribit ATOM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$108.94
- Price spread: −0.034% → 0.000%
- −$3.45
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$131.39
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; Deribit: 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 | 5.75 bp | 19.6 bp −$20 | 39.7 bp −$397 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ATOM | −0.0946% | 1h | 1.7395 | −0.029% | $3.4M | $1.1M | 5x | as long as short |
| Deribit ATOM_USDC-PERPETUALshort | −0.0497% | 1h | 1.7394 | −0.034% | $478 | — | 25x | |
| Bybit ATOMUSDT | −0.0108% | 8h | 1.7410 | +0.057% | $14.5M | $10.1M | 75x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7431 | +0.177% | $65K | $9K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.7398 | −0.013% | $9K | — | 150x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0005% | 1h | 1.7424 | +0.139% | $2.8M | $775K | 50x | as long as short |
| Variational Omni ATOM | +0.0019% | 8h | 1.7400 | +0.002% | $553K | $83K | — | as long as short |
| Phemex ATOMUSDTlong | +0.0022% | 8h | 1.7400 | long leg | $1.5M | $2.0M | 50x | |
| Coinbase International ATOM-PERP-INTX | +0.0048% | 1h | 1.7490 | +0.517% | $23K | $6K | 25x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7396 | −0.024% | $945K | $121K | 20x | as long as short |
Hyperliquid ATOM
Bybit ATOMUSDT
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Kraken Futures PF_ATOMUSD
Variational Omni ATOM
Coinbase International ATOM-PERP-INTX
Aster ATOMUSDTShow all 25 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.7414 | +0.078% | $20.6M | $34.3M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7400 | 0.000% | $5.0M | $6.0M | 50x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7420 | +0.115% | $2.4M | $855K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7420 | +0.115% | $21.0M | $8.2M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7410 | +0.057% | $1.4M | $693K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7410 | +0.057% | $6.4M | $2.7M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7410 | +0.057% | — | $43.8M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7403 | +0.017% | $429K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7400 | +0.001% | $745K | $2.4M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7425 | +0.144% | $304K | $156K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7414 | +0.080% | $7K | $275K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0124% | 8h | 1.7410 | +0.057% | $1.0M | $309K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0131% | 1h | 1.7430 | +0.172% | $636 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0197% / S −0.1340% | 1h | 1.7406 | +0.033% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7380 | −0.117% | $2K | — | 25x | as long as short |
Binance ATOMUSDT
OKX ATOM-USDT-SWAP
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