Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.030%
Price spread now: Injective against Phemex0.000%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
Funding, last 7 days+0.594%+$59 on $10k
+Price spread, last 3 days (all we have)−0.001%$0 · spread now 0.000%, 7d avg +0.067%
=Funding pays, the price is against you. Injective is 0.067% cheaper against Phemex than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.067%). If the spread goes back, that is −$7 on $10k: about 5.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.594% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ATOMUSDT | 1.8090 | 0.0100 | pay 0.0100% / 8h | 32m 42s | $1.6M | $1.9M | 50x |
| Short | Injective ATOM/USDC PERP | 1.8090 | 0.0143 | get 0.0018% / 1h | 32m 42s | $660 | $290K | 12x |
Phemex ATOMUSDT
Injective ATOM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $9.07
- Price spread: 0.000% → +0.067%
- −$6.75
- Slippage, 4 orders
- −$95.36
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$105.06
- Costs to cover
- 1.074%
- Break-even
- 88.1 days
Slippage from Phemex: live order book, 6 min ago; Injective: live order book, 31 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 | 15.5 bp −$16 | 39.6 bp −$396 | 119.0 bp −$11.9K | doesn't fit |
| Sell Injective live order book, 31 min ago | 35.67 bp | 35.7 bp −$36 | doesn't fit | doesn't fit | 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 | −0.0137% | 1h | 1.8086 | −0.022% | $497 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0068% | 8h | 1.8080 | −0.055% | $5.2M | $5.4M | 50x | as long as short |
| Variational Omni ATOM | −0.0006% | 8h | 1.8073 | −0.094% | $578K | $80K | — | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8098 | +0.043% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8087 | −0.016% | $9K | — | 150x | as long as short |
| Bybit ATOMUSDT | +0.0004% | 8h | 1.8071 | −0.105% | $15.1M | $10.6M | 75x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0008% | 1h | 1.8150 | +0.332% | $25K | $12K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8085 | −0.028% | $2.8M | $853K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8092 | +0.010% | $984K | $235K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8092 | +0.012% | $21.5M | $30.9M | 75x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Bybit ATOMUSDT
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 | 1.8080 | −0.055% | $2.5M | $845K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8080 | −0.055% | $9.2M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8100 | +0.055% | $1.6M | $833K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8073 | −0.094% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8080 | −0.055% | — | $24.8M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8101 | +0.062% | $445K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8106 | +0.091% | $775K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8093 | +0.017% | $310K | $174K | 75x | as long as short |
| Phemex ATOMUSDTlong | +0.0100% | 8h | 1.8090 | long leg | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8079 | −0.059% | $6K | $184K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0121% | 8h | 1.8060 | −0.166% | $1.1M | $335K | 75x | as long as short |
| Injective ATOM/USDC PERPshort | +0.0143% | 1h | 1.8090 | 0.000% | $660 | $290K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0203% / S −0.2202% | 1h | 1.8091 | +0.005% | $4K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8073 | −0.096% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0243% | 1h | 1.8104 | +0.080% | $3.1M | $681K | 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
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP
Kraken Futures PF_ATOMUSD