Funding you earn now, next payment 10:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h +0.009%
Price spread now: BingX against Kraken Futures−0.174%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)−0.313%−$31 · spread now −0.174%, 7d avg −0.132%
=Funding pays, the price is against you. BingX is 0.042% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.174% now, against its 7-day average of −0.132%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.074% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ATOMUSD | 1.7881 | −0.0180 | get 0.0023% / 1h | 57m 48s | $2.9M | $780K | 50x |
| Short | BingX ATOM-USDT | 1.7850 | 0.0100 | get 0.0100% / 8h | 6h 57m | — | $7.3M | — |
Kraken Futures PF_ATOMUSD
BingX ATOM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- $58.8
- Price spread: −0.174% → −0.132%
- −$4.21
- Slippage, 4 orders
- −$47.26
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$12.67
- Costs to cover
- 0.673%
- Break-even
- 8.5 days
Slippage from Kraken Futures: live order book, 1 min ago; BingX: live order book, 5 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 Kraken Futures live order book, 1 min ago | 11.17 bp | 17.9 bp −$18 | 74.1 bp −$741 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.79 bp | 10.6 bp −$11 | 27.2 bp −$272 | 94.0 bp −$9,398 | 316.1 bp −$158.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ATOMUSDlong | −0.0180% | 1h | 1.7881 | long leg | $2.9M | $780K | 50x | |
| Hyperliquid ATOM | −0.0144% | 1h | 1.7854 | −0.152% | $3.1M | $845K | 5x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0141% | 1h | 1.7880 | −0.006% | $492 | — | 25x | as long as short |
| Coinbase International ATOM-PERP-INTX | −0.0136% | 1h | 1.7700 | −1.013% | $24K | $4K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7875 | −0.033% | $65K | $7K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.7905 | +0.133% | $9K | — | 150x | as long as short |
| Phemex ATOMUSDT | +0.0066% | 8h | 1.7880 | −0.006% | $1.6M | $1.9M | 50x | as long as short |
| BloFin ATOM-USDT | +0.0090% | 8h | 1.7850 | −0.174% | $932K | $349K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0099% | 1h | 1.7920 | +0.218% | $654 | $290K | 12x | as long as short |
| Bybit ATOMUSDT | +0.0100% | 8h | 1.7840 | −0.230% | $15.0M | $10.1M | 75x | as long as short |
Hyperliquid ATOM
Deribit ATOM_USDC-PERPETUAL
Coinbase International ATOM-PERP-INTX
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Phemex ATOMUSDT
BloFin ATOM-USDT
Injective ATOM/USDC PERP
Bybit ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ATOMUSDT | +0.0100% | 8h | 1.7836 | −0.250% | $969K | $132K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7851 | −0.171% | $21.3M | $31.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7850 | −0.174% | $5.1M | $6.0M | 50x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7870 | −0.062% | $2.4M | $702K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7840 | −0.230% | $8.3M | $5.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7870 | −0.062% | $1.5M | $658K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7854 | −0.152% | $6.6M | $3.0M | 75x | as long as short |
| BingX ATOM-USDTshort | +0.0100% | 8h | 1.7850 | −0.174% | — | $7.3M | — | |
| Variational Omni ATOM | +0.0100% | 8h | 1.7882 | +0.003% | $568K | $84K | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7893 | +0.066% | $440K | $297K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7893 | +0.064% | $764K | $2.6M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7871 | −0.057% | $312K | $149K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7846 | −0.197% | $7K | $275K | 10x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0197% / S −0.1340% | 1h | 1.7905 | +0.132% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7860 | −0.118% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
OKX ATOM-USDT-SWAP
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
Variational Omni ATOM
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP