Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.3% APRnext payment −$1.40 per $10,000 · paid last 24h −0.020%
Price spread now: Bybit against Binance−0.112%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$530.531% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.112%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.075% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ATOMUSDT | 1.8090 | 0.0100 | pay 0.0100% / 8h | 4m 50s | $21.5M | $31.1M | 75x |
| Short | Bybit ATOMUSDT | 1.8070 | −0.0040 | pay 0.0040% / 8h | 4m 50s | $15.1M | $10.7M | 75x |
Binance ATOMUSDT
Bybit ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$29.33
- Price spread: −0.112% → −0.037%
- −$7.45
- Slippage, 4 orders
- −$32.11
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$89.89
- Costs to cover
- 0.531%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 4 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 Binance live order book, 7 min ago | 2.77 bp | 11.5 bp −$12 | 22.1 bp −$221 | 133.0 bp −$13.3K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.77 bp | 13.6 bp −$14 | 28.1 bp −$281 | 90.9 bp −$9,092 | 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 | −0.0137% | 1h | 1.8092 | +0.010% | $497 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0104% | 8h | 1.8080 | −0.056% | $5.2M | $5.5M | 50x | as long as short |
| Variational Omni ATOM | −0.0049% | 8h | 1.8043 | −0.263% | $577K | $80K | — | as long as short |
| Bybit ATOMUSDTshort | −0.0040% | 8h | 1.8070 | −0.112% | $15.1M | $10.7M | 75x | |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8078 | −0.069% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8087 | −0.018% | $9K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0008% | 1h | 1.8080 | −0.056% | $25K | $12K | 25x | as long as short |
| BloFin ATOM-USDT | +0.0082% | 8h | 1.8080 | −0.056% | $1.1M | $326K | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8087 | −0.018% | $2.8M | $853K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8070 | −0.112% | $983K | $235K | 20x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
BloFin ATOM-USDT
Hyperliquid ATOM
Aster ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDTlong | +0.0100% | 8h | 1.8090 | long leg | $21.5M | $31.1M | 75x | |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8070 | −0.112% | $2.5M | $850K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8080 | −0.056% | $9.2M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8080 | −0.056% | $1.6M | $791K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8086 | −0.023% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8080 | −0.056% | — | $24.8M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8058 | −0.178% | $444K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8076 | −0.079% | $774K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8095 | +0.027% | $310K | $168K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8080 | −0.056% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8080 | −0.054% | $6K | $184K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0143% | 1h | 1.8080 | −0.056% | $660 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0203% / S −0.2202% | 1h | 1.8096 | +0.032% | $4K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8067 | −0.130% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0243% | 1h | 1.8109 | +0.107% | $3.1M | $688K | 50x | as long as short |
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP
Kraken Futures PF_ATOMUSD