Funding you earn now, next payment 06:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.012%
Price spread now: BingX against Injective−0.281%57s7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as 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−$1031.032% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.281%, 7d avg −0.086%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BingX is 0.195% cheaper against Injective than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.086%). Swap the legs. The two prices were read 57 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 | Injective ATOM/USDC PERP | 1.7800 | 0.0110 | pay 0.0014% / 1h | 16m 23s | $649 | $290K | 12x |
| Short | BingX ATOM-USDT | 1.7750 | 0.0100 | get 0.0100% / 8h | 2h 16m | — | $24.4M | — |
Injective ATOM/USDC PERP
BingX ATOM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- −$2.12
- Price spread: −0.281% → −0.086%
- −$19.5
- Slippage, 4 orders
- −$93.16
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$124.8
- Costs to cover
- 1.032%
- Break-even
- never at this rate
Slippage from Injective: live order book, 18 min ago; BingX: 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 Injective live order book, 18 min ago | 36.80 bp | 36.8 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 5.68 bp | 14.6 bp −$15 | 29.6 bp −$296 | 85.1 bp −$8,514 | 312.5 bp −$156.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ATOM-USD | 0.0000% | 1h | 1.7787 | −0.074% | $62K | $5K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.7753 | −0.264% | $488 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.7756 | −0.249% | $789 | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0008% | 1h | 1.7700 | −0.562% | $24K | $4K | 25x | as long as short |
| Variational Omni ATOM | +0.0039% | 8h | 1.7682 | −0.663% | $564K | $81K | — | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7756 | −0.247% | $2.7M | $735K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7760 | −0.225% | $965K | $202K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7761 | −0.219% | $21.2M | $32.9M | 75x | as long as short |
| Bybit ATOMUSDT | +0.0100% | 8h | 1.7750 | −0.281% | $14.7M | $10.5M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7750 | −0.281% | $4.9M | $5.9M | 50x | as long as short |
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Variational Omni ATOM
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 | 1.7770 | −0.169% | $2.4M | $862K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7750 | −0.281% | $8.4M | $5.2M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7770 | −0.169% | $1.6M | $721K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7762 | −0.213% | $6.6M | $3.1M | 75x | as long as short |
| BingX ATOM-USDTshort | +0.0100% | 8h | 1.7750 | −0.281% | — | $24.4M | — | |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7703 | −0.543% | $436K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7773 | −0.153% | $759K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7733 | −0.376% | $309K | $179K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.7760 | −0.225% | $1.5M | $2.0M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7755 | −0.253% | $32K | $258K | 10x | as long as short |
| Injective ATOM/USDC PERPlong | +0.0110% | 1h | 1.7800 | long leg | $649 | $290K | 12x | |
| BloFin ATOM-USDT | +0.0117% | 8h | 1.7790 | −0.056% | $1.1M | $356K | 75x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1340% | 1h | 1.7762 | −0.213% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7754 | −0.256% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0555% | 1h | 1.7767 | −0.183% | $2.9M | $861K | 50x | as long as short |
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
BloFin ATOM-USDT
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP
Kraken Futures PF_ATOMUSD