Funding you earn now, next payment 09:00 UTC−0.0365%/8h= −40.0% APRpaid last 24h −0.009%
Price spread now: Kraken Futures against Bitget−0.070%48s7-day average +0.157% · 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—prices read too far apart to compare
costs, in and out, $10k−$720.725% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.580%+$58 · spread now −0.070%, 7d avg +0.157%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Kraken Futures is 0.227% cheaper against Bitget than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.157%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ATOMUSDT | 1.7765 | 0.0100 | pay 0.0100% / 8h | 7h 48m | $6.6M | $3.2M | 75x |
| Short | Kraken Futures PF_ATOMUSD | 1.7753 | −0.0265 | pay 0.0033% / 1h | 48m 36s | $2.9M | $839K | 50x |
Bitget ATOMUSDT
Kraken Futures PF_ATOMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$76.73
- Price spread: −0.070% → +0.157%
- −$22.68
- Slippage, 4 orders
- −$50.47
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$171.88
- Costs to cover
- 0.725%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Kraken Futures: 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 Bitget live order book, 5 min ago | 2.82 bp | 16.0 bp −$16 | 26.2 bp −$262 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 8.45 bp | 19.3 bp −$19 | 51.1 bp −$511 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ATOMUSDT | −0.0583% | 8h | 1.7740 | −0.141% | $1.6M | $2.0M | 50x | as long as short |
| Kraken Futures PF_ATOMUSDshort | −0.0265% | 1h | 1.7753 | −0.070% | $2.9M | $839K | 50x | |
| Deribit ATOM_USDC-PERPETUAL | −0.0257% | 1h | 1.7745 | −0.113% | $488 | $10K | 25x | as long as short |
| Bybit ATOMUSDT | −0.0144% | 8h | 1.7760 | −0.028% | $15.0M | $10.5M | 75x | as long as short |
| GRVT ATOM_USDT_Perp | −0.0018% | 8h | 1.7730 | −0.197% | $748K | $2.6M | 10x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7747 | −0.101% | $62K | $5K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.7750 | −0.085% | $9K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0016% | 1h | 1.7700 | −0.366% | $24K | $4K | 25x | as long as short |
| BloFin ATOM-USDT | +0.0089% | 8h | 1.7720 | −0.253% | $932K | $356K | 75x | as long as short |
| Hyperliquid ATOM | +0.0098% | 1h | 1.7729 | −0.203% | $3.1M | $937K | 5x | as long as short |
Phemex ATOMUSDT
Deribit ATOM_USDC-PERPETUAL
Bybit ATOMUSDT
GRVT ATOM_USDT_Perp
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
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 | 1.7750 | −0.084% | $965K | $154K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7760 | −0.030% | $21.2M | $32.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7760 | −0.028% | $5.0M | $6.1M | 50x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7740 | −0.141% | $2.4M | $780K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7730 | −0.197% | $8.3M | $5.2M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7740 | −0.141% | $1.5M | $717K | 50x | as long as short |
| Bitget ATOMUSDTlong | +0.0100% | 8h | 1.7765 | long leg | $6.6M | $3.2M | 75x | |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7730 | −0.197% | — | $3.8M | — | as long as short |
| Variational Omni ATOM | +0.0100% | 8h | 1.7742 | −0.129% | $563K | $84K | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7729 | −0.200% | $436K | $296K | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7745 | −0.113% | $310K | $156K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7735 | −0.168% | $8K | $276K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0171% | 1h | 1.7750 | −0.084% | $648 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0197% / S −0.1340% | 1h | 1.7752 | −0.076% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7752 | −0.072% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
OKX ATOM-USDT-SWAP
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
BingX ATOM-USDT
Variational Omni ATOM
edgeX ATOMUSDC
HTX ATOM-USDT
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP