Funding you earn now, next payment 08:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h −0.041%
Price spread now: Phemex against GMX−0.056%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.056% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ATOM/USD [ETH-USDC] | 1.7700 | L +0.0197% / S −0.1340% | pay 0.0025% / 1h | 19m 36s | $2K | — | 120x |
| Short | Phemex ATOMUSDT | 1.7690 | 0.0100 | get 0.0100% / 8h | 19m 36s | $1.5M | $2.0M | 50x |
GMX ATOM/USD [ETH-USDC]
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GMX. 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
- −$20.46
- Price spread: −0.056% → 0.000%
- −$5.6
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$50.06
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Phemex: live order book, 4 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 GMX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 2.82 bp | 16.4 bp −$16 | 37.6 bp −$376 | doesn't fit | doesn't fit |
GMX: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ATOM_USDC-PERPETUAL | −0.0202% | 1h | 1.7685 | −0.084% | $486 | $10K | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0071% | 1h | 1.7691 | −0.048% | $2.9M | $826K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7708 | +0.046% | $62K | $5K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.7695 | −0.026% | $9K | — | 150x | as long as short |
| BloFin ATOM-USDT | +0.0080% | 8h | 1.7690 | −0.056% | $935K | $352K | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7701 | +0.006% | $3.1M | $940K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7666 | −0.194% | $960K | $133K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7708 | +0.045% | $21.2M | $32.9M | 75x | as long as short |
| Bybit ATOMUSDT | +0.0100% | 8h | 1.7700 | 0.000% | $15.0M | $10.4M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7700 | 0.000% | $5.0M | $6.1M | 50x | as long as short |
Deribit ATOM_USDC-PERPETUAL
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
BloFin ATOM-USDT
Hyperliquid ATOM
Aster ATOMUSDT
Binance ATOMUSDT
Bybit ATOMUSDT
OKX ATOM-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ATOM_USDT | +0.0100% | 8h | 1.7690 | −0.056% | $2.4M | $857K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7710 | +0.057% | $8.3M | $5.3M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7690 | −0.056% | $1.5M | $720K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7714 | +0.080% | $6.6M | $3.2M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7710 | +0.057% | — | $3.8M | — | as long as short |
| Variational Omni ATOM | +0.0100% | 8h | 1.7652 | −0.271% | $561K | $84K | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7675 | −0.141% | $435K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7653 | −0.267% | $746K | $2.6M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7672 | −0.158% | $308K | $157K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.7690 | −0.056% | $1.5M | $2.0M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.7705 | +0.029% | $5K | $273K | 10x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0120% | 1h | 1.7700 | 0.000% | $24K | $4K | 25x | as long as short |
| Injective ATOM/USDC PERP | +0.0140% | 1h | 1.7700 | 0.000% | $646 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC]long | L +0.0197% / S −0.1340% | 1h | 1.7700 | long leg | $2K | — | 120x | |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7674 | −0.146% | $2K | — | 25x | as long as short |
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
Variational Omni ATOM
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
Coinbase International ATOM-PERP-INTX
Injective ATOM/USDC PERP
Reya ATOMRUSDPERP