Funding you earn now, next payment 16:00 UTC+0.0207%/8h= +22.6% APRnext payment +$2.07 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Phemex−0.113%59s7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as 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−$650.651% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)+0.348%+$35 · spread now −0.113%, 7d avg +0.018%
=Funding pays, the price is against you. BloFin is 0.131% cheaper against Phemex than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.018%). If the spread goes back, that is −$13 on $10k: about 2.1 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.186% in total) that is about 4.9 days. The two prices were read 59 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 | Phemex ATOMUSDT | 1.7660 | −0.0122 | get 0.0122% / 8h | 7h 31m | $1.5M | $2.0M | 50x |
| Short | BloFin ATOM-USDT | 1.7640 | 0.0084 | get 0.0084% / 8h | 7h 31m | $927K | $345K | 75x |
Phemex ATOMUSDT
BloFin ATOM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- $43.38
- Price spread: −0.113% → +0.018%
- −$13.1
- Slippage, 4 orders
- −$41.14
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$34.85
- Costs to cover
- 0.651%
- Break-even
- 12.6 days
Slippage from Phemex: live order book, 1 min ago; BloFin: live order book, 15 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 Phemex live order book, 1 min ago | 2.83 bp | 17.4 bp −$17 | 34.5 bp −$345 | 116.9 bp −$11.7K | doesn't fit |
| Sell BloFin live order book, 15 min ago | 5.63 bp | 14.7 bp −$15 | 24.4 bp −$244 | 73.2 bp −$7,325 | 217.9 bp −$108.9K |
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_ATOMUSD | −0.0267% | 1h | 1.7671 | +0.061% | $2.9M | $852K | 50x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0260% | 1h | 1.7652 | −0.045% | $485 | $10K | 25x | as long as short |
| Bybit ATOMUSDT | −0.0222% | 8h | 1.7640 | −0.113% | $14.9M | $10.4M | 75x | as long as short |
| Phemex ATOMUSDTlong | −0.0122% | 8h | 1.7660 | long leg | $1.5M | $2.0M | 50x | |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7668 | +0.045% | $64K | $7K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.7666 | +0.031% | $9K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0016% | 1h | 1.7700 | +0.227% | $24K | $4K | 25x | as long as short |
| Hyperliquid ATOM | +0.0070% | 1h | 1.7644 | −0.091% | $3.1M | $908K | 5x | as long as short |
| BloFin ATOM-USDTshort | +0.0084% | 8h | 1.7640 | −0.113% | $927K | $345K | 75x | |
| Variational Omni ATOM | +0.0094% | 8h | 1.7692 | +0.182% | $563K | $84K | — | as long as short |
Kraken Futures PF_ATOMUSD
Deribit ATOM_USDC-PERPETUAL
Bybit ATOMUSDT
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Hyperliquid ATOM
Variational Omni ATOMShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ATOMUSDT | +0.0100% | 8h | 1.7670 | +0.057% | $961K | $149K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7650 | −0.057% | $21.1M | $32.7M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7620 | −0.227% | $5.0M | $6.1M | 50x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7660 | 0.000% | $2.4M | $782K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7650 | −0.057% | $8.3M | $5.2M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7660 | 0.000% | $1.5M | $715K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7649 | −0.062% | $6.6M | $3.2M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7660 | 0.000% | — | $3.8M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7695 | +0.199% | $436K | $297K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7704 | +0.249% | $758K | $2.6M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7634 | −0.147% | $308K | $156K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7646 | −0.077% | $8K | $272K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0171% | 1h | 1.7710 | +0.283% | $646 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0197% / S −0.1340% | 1h | 1.7656 | −0.025% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7642 | −0.101% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
OKX ATOM-USDT-SWAP
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP