Funding you earn now, next payment 02:00 UTC+0.0239%/8h= +26.2% APRpaid last 24h +0.102%
Price spread now: Phemex against Deribit+0.067%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phemex is 0.067% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ATOM_USDC-PERPETUAL | 1.7988 | −0.0139 | get 0.0017% / 1h | 0m 41s | $494 | $10K | 25x |
| Short | Phemex ATOMUSDT | 1.8000 | 0.0100 | get 0.0100% / 8h | 6h 00m | $1.6M | $1.9M | 50x |
Deribit ATOM_USDC-PERPETUAL
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Deribit. 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
- $50.19
- Price spread: +0.067% → 0.000%
- $6.67
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $37.86
- Costs to cover
- 0.190%
- Break-even
- 1.7 days
Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 2 min ago | 55.90 bp | 109.5 bp −$109 | 134.6 bp −$1,346 | 200.1 bp −$20.0K | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ATOM on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ATOMUSDT | −0.0197% | 8h | 1.7970 | −0.100% | $15.0M | $10.1M | 75x | as long as short |
| Deribit ATOM_USDC-PERPETUALlong | −0.0139% | 1h | 1.7988 | long leg | $494 | $10K | 25x | |
| Variational Omni ATOM | −0.0110% | 8h | 1.7967 | −0.118% | $575K | $76K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0097% | 8h | 1.7970 | −0.100% | $5.1M | $5.5M | 50x | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0010% | 1h | 1.8022 | +0.189% | $3.1M | $690K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8007 | +0.104% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8006 | +0.099% | $1K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0024% | 1h | 1.7940 | −0.267% | $25K | $7K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7979 | −0.050% | $2.8M | $768K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7980 | −0.044% | $974K | $245K | 20x | as long as short |
Bybit ATOMUSDT
Variational Omni ATOM
OKX ATOM-USDT-SWAP
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Hyperliquid ATOM
Aster ATOMUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.7990 | +0.009% | $21.4M | $30.1M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7980 | −0.044% | $2.5M | $833K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7980 | −0.044% | $8.5M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8000 | +0.067% | $1.6M | $710K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7988 | 0.000% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7980 | −0.044% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8011 | +0.126% | $443K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8010 | +0.122% | $769K | $2.8M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7985 | −0.017% | $313K | $179K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.8000 | +0.067% | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.7985 | −0.015% | $5K | $208K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0171% | 1h | 1.8010 | +0.122% | $657 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.7993 | +0.030% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7975 | −0.075% | $2K | — | 25x | as long as short |
Binance ATOMUSDT
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