Funding you earn now, next payment 08:00 UTC−0.0302%/8h= −33.0% APRnext payment −$3.02 per $10,000 · paid last 24h −0.034%
Price spread now: Bybit against KuCoin−0.111%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$910.906% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 7 days−0.005%−$1 · spread now −0.111%, 7d avg −0.039%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.072% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.039%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.183%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.02 per $10,000. 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 | KuCoin ATOMUSDTM | 1.8040 | 0.0100 | pay 0.0100% / 8h | 6h 48m | $1.6M | $795K | 50x |
| Short | Bybit ATOMUSDT | 1.8020 | −0.0202 | pay 0.0202% / 8h | 6h 48m | $15.1M | $10.8M | 75x |
KuCoin ATOMUSDTM
Bybit ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- −$63.34
- Price spread: −0.111% → −0.039%
- −$7.16
- Slippage, 4 orders
- −$67.61
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$161.1
- Costs to cover
- 0.906%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, just now.
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 KuCoin live order book, 3 min ago | 5.54 bp | 23.0 bp −$23 | 120.7 bp −$1,207 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 2.77 bp | 13.2 bp −$13 | 30.7 bp −$307 | 92.7 bp −$9,269 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ATOMUSDTshort | −0.0202% | 8h | 1.8020 | −0.111% | $15.1M | $10.8M | 75x | |
| Deribit ATOM_USDC-PERPETUAL | −0.0138% | 1h | 1.8037 | −0.017% | $496 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0091% | 8h | 1.8020 | −0.111% | $5.1M | $5.7M | 50x | as long as short |
| Variational Omni ATOM | −0.0085% | 8h | 1.8012 | −0.154% | $576K | $76K | — | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0010% | 1h | 1.8044 | +0.022% | $3.1M | $700K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8057 | +0.096% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8042 | +0.009% | $12K | — | 150x | as long as short |
| Phemex ATOMUSDT | +0.0014% | 8h | 1.8030 | −0.055% | $1.6M | $1.9M | 50x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0024% | 1h | 1.7940 | −0.554% | $25K | $12K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8043 | +0.017% | $2.8M | $854K | 5x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Phemex ATOMUSDT
Coinbase International ATOM-PERP-INTX
Hyperliquid ATOMShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ATOMUSDT | +0.0100% | 8h | 1.8024 | −0.088% | $977K | $245K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8040 | 0.000% | $21.4M | $31.7M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8030 | −0.055% | $2.5M | $818K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8030 | −0.055% | $8.7M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTMlong | +0.0100% | 8h | 1.8040 | long leg | $1.6M | $795K | 50x | |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8038 | −0.011% | $6.8M | $2.9M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8030 | −0.055% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7986 | −0.300% | $442K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7991 | −0.273% | $763K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8035 | −0.028% | $314K | $181K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8025 | −0.081% | $9K | $207K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0125% | 8h | 1.8060 | +0.111% | $1.1M | $324K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0171% | 1h | 1.8050 | +0.055% | $658 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8032 | −0.045% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8009 | −0.173% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
BloFin ATOM-USDT
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP