Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.5% APRnext payment −$0.13 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin−0.480%91s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as 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−$560.564% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.300%+$30 · spread now −0.480%, 7d avg +0.004%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.484% cheaper against BloFin than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ATOM-USDT | 1.8150 | 0.0113 | pay 0.0113% / 8h | 3h 49m | $1.1M | $298K | 75x |
| Short | Binance ATOMUSDT | 1.8063 | 0.0100 | get 0.0100% / 8h | 3h 49m | $21.5M | $29.9M | 75x |
BloFin ATOM-USDT
Binance ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$2.8
- Price spread: −0.480% → +0.004%
- −$48.45
- Slippage, 4 orders
- −$34.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$107.61
- Costs to cover
- 0.564%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Binance: live order book, 7 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 BloFin live order book, 2 min ago | 8.26 bp | 14.3 bp −$14 | 23.9 bp −$239 | 86.5 bp −$8,647 | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.76 bp | 7.8 bp −$8 | 23.8 bp −$238 | 111.0 bp −$11.1K | 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 | −0.0256% | 1h | 1.8040 | −0.606% | $25K | $4K | 25x | as long as short |
| Variational Omni ATOM | −0.0022% | 8h | 1.8122 | −0.155% | $579K | $74K | — | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8129 | −0.116% | $63K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8073 | −0.424% | $497 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8086 | −0.355% | $803 | — | 150x | as long as short |
| Bybit ATOMUSDT | +0.0058% | 8h | 1.8067 | −0.457% | $15.0M | $9.7M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0061% | 8h | 1.8060 | −0.496% | $5.0M | $5.6M | 50x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8073 | −0.424% | $2.8M | $697K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8084 | −0.364% | $980K | $234K | 20x | as long as short |
| Binance ATOMUSDTshort | +0.0100% | 8h | 1.8063 | −0.480% | $21.5M | $29.9M | 75x |
Coinbase International ATOM-PERP-INTX
Variational Omni ATOM
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Bybit ATOMUSDT
OKX ATOM-USDT-SWAP
Hyperliquid ATOM
Aster 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 | −0.386% | $2.5M | $797K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8070 | −0.441% | $8.4M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8090 | −0.331% | $1.6M | $673K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8077 | −0.402% | $6.9M | $2.7M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8080 | −0.386% | — | $24.4M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8140 | −0.054% | $446K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8143 | −0.041% | $777K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8055 | −0.523% | $314K | $175K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8080 | −0.386% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8065 | −0.467% | $5K | $197K | 10x | as long as short |
| BloFin ATOM-USDTlong | +0.0113% | 8h | 1.8150 | long leg | $1.1M | $298K | 75x | |
| Injective ATOM/USDC PERP | +0.0146% | 1h | 1.8160 | +0.055% | $662 | $290K | 12x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0165% | 1h | 1.8096 | −0.295% | $3.1M | $703K | 50x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8080 | −0.386% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8077 | −0.401% | $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
Phemex ATOMUSDT
Extended ATOM-USD
Injective ATOM/USDC PERP
Kraken Futures PF_ATOMUSD
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP