Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%
Price spread now: Phemex against Binance−0.167%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.167%, 7d avg −0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.144% cheaper against Binance than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ATOMUSDT | 1.8010 | 0.0100 | pay 0.0100% / 8h | 4h 40m | $21.4M | $29.8M | 75x |
| Short | Phemex ATOMUSDT | 1.7980 | 0.0100 | get 0.0100% / 8h | 4h 40m | $1.5M | $1.9M | 50x |
Binance ATOMUSDT
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- $0
- Price spread: −0.167% → −0.023%
- −$14.36
- Slippage, 4 orders
- −$39.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$75.67
- Costs to cover
- 0.613%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Phemex: live order book, 3 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 Binance live order book, 1 min ago | 2.78 bp | 10.4 bp −$10 | 22.3 bp −$223 | 135.2 bp −$13.5K | doesn't fit |
| Sell Phemex live order book, 3 min ago | 5.56 bp | 22.6 bp −$23 | 47.3 bp −$473 | 134.3 bp −$13.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ATOM-PERP-INTX | −0.0312% | 1h | 1.7940 | −0.389% | $25K | $4K | 25x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0139% | 1h | 1.7978 | −0.178% | $494 | $10K | 25x | as long as short |
| Variational Omni ATOM | −0.0077% | 8h | 1.7962 | −0.268% | $574K | $74K | — | as long as short |
| Bybit ATOMUSDT | −0.0037% | 8h | 1.8000 | −0.056% | $15.0M | $9.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0014% | 8h | 1.8000 | −0.056% | $5.0M | $5.5M | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8012 | +0.011% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.7985 | −0.137% | $799 | — | 150x | as long as short |
| BloFin ATOM-USDT | +0.0076% | 8h | 1.7970 | −0.222% | $1.1M | $297K | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8019 | +0.050% | $2.8M | $752K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7990 | −0.113% | $975K | $234K | 20x | as long as short |
Coinbase International ATOM-PERP-INTX
Deribit ATOM_USDC-PERPETUAL
Variational Omni ATOM
Bybit ATOMUSDT
OKX ATOM-USDT-SWAP
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
BloFin ATOM-USDT
Hyperliquid ATOM
Aster ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDTlong | +0.0100% | 8h | 1.8010 | long leg | $21.4M | $29.8M | 75x | |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7990 | −0.111% | $2.5M | $809K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7990 | −0.111% | $8.4M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8000 | −0.056% | $1.6M | $671K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8002 | −0.044% | $6.8M | $2.6M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8000 | −0.056% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8005 | −0.027% | $443K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7990 | −0.111% | $760K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7984 | −0.144% | $313K | $176K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.7980 | −0.167% | $1.5M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8005 | −0.025% | $5K | $199K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0116% | 1h | 1.8010 | 0.000% | $657 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.7978 | −0.179% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7962 | −0.266% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0358% | 1h | 1.7998 | −0.065% | $3.1M | $708K | 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
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP
Kraken Futures PF_ATOMUSD