Funding you earn now, next payment 06:00 UTC−0.0456%/8h= −49.9% APRpaid last 24h 0.000%
Price spread now: OKX against Kraken Futures−0.073%7-day average −0.196% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$660.661% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)−0.275%−$28 · spread now −0.073%, 7d avg −0.196%
=The price spread pays, funding is against you. OKX is 0.123% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.073% now, against its 7-day average of −0.196%): +$12 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.121% in total) that is about 7.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% 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 | 1.7753 | 0.0556 | pay 0.0069% / 1h | 49m 19s | $3.0M | $832K | 50x |
| Short | OKX ATOM-USDT-SWAP | 1.7740 | 0.0100 | get 0.0100% / 8h | 2h 49m | $4.9M | $5.6M | 50x |
Kraken Futures PF_ATOMUSD
OKX ATOM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$95.68
- Price spread: −0.073% → −0.196%
- $12.25
- Slippage, 4 orders
- −$46.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$149.52
- Costs to cover
- 0.661%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; OKX: live order book, 3 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, 4 min ago | 8.43 bp | 21.4 bp −$21 | 57.2 bp −$572 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.82 bp | 13.6 bp −$14 | 44.9 bp −$449 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ATOM_USDC-PERPETUAL | −0.0032% | 1h | 1.7746 | −0.040% | $488 | $10K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7767 | +0.077% | $62K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.7760 | +0.040% | $789 | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0008% | 1h | 1.8040 | +1.616% | $25K | $4K | 25x | as long as short |
| Variational Omni ATOM | +0.0031% | 8h | 1.7752 | −0.006% | $564K | $78K | — | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7762 | +0.051% | $2.8M | $717K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7760 | +0.038% | $965K | $201K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7752 | −0.004% | $21.1M | $30.3M | 75x | as long as short |
| Bybit ATOMUSDT | +0.0100% | 8h | 1.7740 | −0.073% | $14.6M | $9.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAPshort | +0.0100% | 8h | 1.7740 | −0.073% | $4.9M | $5.6M | 50x |
Deribit ATOM_USDC-PERPETUAL
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Variational Omni ATOM
Hyperliquid ATOM
Aster ATOMUSDT
Binance ATOMUSDT
Bybit ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ATOM_USDT | +0.0100% | 8h | 1.7750 | −0.017% | $2.4M | $822K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7740 | −0.073% | $7.9M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7760 | +0.039% | $1.6M | $665K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7751 | −0.011% | $6.6M | $3.0M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7750 | −0.017% | — | $24.4M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7781 | +0.160% | $437K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7766 | +0.076% | $754K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7754 | +0.005% | $310K | $179K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.7760 | +0.039% | $1.5M | $1.9M | 50x | as long as short |
| BloFin ATOM-USDT | +0.0103% | 8h | 1.7780 | +0.152% | $1.1M | $346K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7748 | −0.030% | $5K | $234K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0110% | 1h | 1.7780 | +0.152% | $649 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1340% | 1h | 1.7753 | +0.001% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7742 | −0.063% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSDlong | +0.0556% | 1h | 1.7753 | long leg | $3.0M | $832K | 50x |
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
BloFin ATOM-USDT
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP