Funding you earn now, next payment 08:00 UTC−0.0163%/8h= −17.8% APRnext payment −$1.63 per $10,000 · paid last 24h −0.003%
Price spread now: OKX against Phemex0.000%7-day average −0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$660.658% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.118%−$12 · spread now 0.000%, 7d avg −0.076%
=The price spread pays, funding is against you. OKX is 0.076% dearer against Phemex than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.076%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.003% in total) that is about 6 months.
| 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 | 7h 17m | $1.6M | $1.9M | 50x |
| Short | OKX ATOM-USDT-SWAP | 1.8060 | −0.0063 | pay 0.0063% / 8h | 7h 17m | $5.1M | $5.5M | 50x |
Phemex ATOMUSDT
OKX ATOM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$34.13
- Price spread: 0.000% → −0.076%
- $7.56
- Slippage, 4 orders
- −$43.76
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$92.33
- Costs to cover
- 0.658%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; OKX: 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, 1 min ago | 5.53 bp | 13.1 bp −$13 | 38.9 bp −$389 | 122.0 bp −$12.2K | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.77 bp | 15.1 bp −$15 | 48.8 bp −$488 | 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 | −0.0082% | 1h | 1.8057 | −0.017% | $496 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAPshort | −0.0063% | 8h | 1.8060 | 0.000% | $5.1M | $5.5M | 50x | |
| Variational Omni ATOM | −0.0062% | 8h | 1.8052 | −0.044% | $577K | $79K | — | as long as short |
| Bybit ATOMUSDT | −0.0044% | 8h | 1.8050 | −0.055% | $15.1M | $10.7M | 75x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8067 | +0.039% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8066 | +0.035% | $1K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0080% | 1h | 1.8080 | +0.111% | $25K | $12K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8060 | 0.000% | $2.8M | $848K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8044 | −0.087% | $982K | $226K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8076 | +0.088% | $21.5M | $31.3M | 75x | as long as short |
Deribit ATOM_USDC-PERPETUAL
Variational Omni ATOM
Bybit ATOMUSDT
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 | 1.8040 | −0.111% | $2.5M | $852K | 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 | 1.8080 | +0.111% | $1.6M | $793K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8060 | 0.000% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8060 | 0.000% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8079 | +0.105% | $445K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8070 | +0.055% | $767K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8045 | −0.083% | $311K | $174K | 75x | as long as short |
| Phemex ATOMUSDTlong | +0.0100% | 8h | 1.8060 | long leg | $1.6M | $1.9M | 50x | |
| BloFin ATOM-USDT | +0.0101% | 8h | 1.8070 | +0.055% | $1.1M | $324K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8071 | +0.063% | $5K | $206K | 10x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0122% | 1h | 1.8078 | +0.101% | $3.1M | $695K | 50x | as long as short |
| Injective ATOM/USDC PERP | +0.0132% | 1h | 1.8100 | +0.221% | $660 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8056 | −0.022% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8052 | −0.042% | $2K | — | 25x | 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
BloFin ATOM-USDT
Extended ATOM-USD
Kraken Futures PF_ATOMUSD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP