Funding you earn now, next payment 08:00 UTC+0.0102%/8h= +11.1% APRnext payment +$1.02 per $10,000 · paid last 24h +0.017%
Price spread now: Phemex against Bybit+0.106%53s7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as 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−$610.614% of the position
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.106%, 7d avg +0.036%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.070% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.036%. Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour. The two prices were read 53 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 | Bybit ATOMUSDT | 1.7991 | −0.0002 | get 0.0002% / 8h | 4h 21m | $14.9M | $9.8M | 75x |
| Short | Phemex ATOMUSDT | 1.8010 | 0.0100 | get 0.0100% / 8h | 4h 21m | $1.6M | $1.9M | 50x |
Bybit ATOMUSDT
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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
- $21.34
- Price spread: +0.106% → +0.036%
- $6.98
- Slippage, 4 orders
- −$38.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$33.1
- Costs to cover
- 0.614%
- Break-even
- 17.9 days
Slippage from Bybit: live order book, 2 min ago; Phemex: live order book, 2 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 Bybit live order book, 2 min ago | 2.78 bp | 15.2 bp −$15 | 33.6 bp −$336 | 114.3 bp −$11.4K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.78 bp | 14.0 bp −$14 | 37.5 bp −$375 | 112.7 bp −$11.3K | 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 | 1.8040 | +0.272% | $25K | $4K | 25x | as long as short |
| Variational Omni ATOM | −0.0061% | 8h | 1.8002 | +0.059% | $575K | $74K | — | as long as short |
| Bybit ATOMUSDTlong | −0.0002% | 8h | 1.7991 | long leg | $14.9M | $9.8M | 75x | |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8016 | +0.139% | $63K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8007 | +0.089% | $495 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8005 | +0.079% | $800 | — | 150x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0025% | 8h | 1.7990 | −0.006% | $5.0M | $5.5M | 50x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8014 | +0.128% | $2.8M | $717K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8011 | +0.112% | $976K | $234K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8010 | +0.106% | $21.4M | $29.9M | 75x | as long as short |
Coinbase International ATOM-PERP-INTX
Variational Omni ATOM
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
OKX ATOM-USDT-SWAP
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 | 1.8000 | +0.050% | $2.5M | $812K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8000 | +0.050% | $8.4M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8010 | +0.106% | $1.6M | $672K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7994 | +0.017% | $6.7M | $2.6M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8000 | +0.050% | — | $24.4M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8025 | +0.188% | $443K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8030 | +0.217% | $768K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8015 | +0.133% | $314K | $176K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.8010 | +0.106% | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8005 | +0.077% | $7K | $202K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0116% | 1h | 1.8020 | +0.161% | $657 | $290K | 12x | as long as short |
| BloFin ATOM-USDT | +0.0129% | 8h | 1.8030 | +0.217% | $1.1M | $298K | 75x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8007 | +0.087% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7993 | +0.009% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0357% | 1h | 1.8024 | +0.182% | $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
BloFin ATOM-USDT
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP
Kraken Futures PF_ATOMUSD