Funding you earn now, next payment 02:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.024%
Price spread now: Kraken Futures against Binance+0.157%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.157%, 7d avg +0.098%
=The price spread pays, funding is against you. Kraken Futures is 0.059% dearer against Binance than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of +0.098%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.052% in total) that is about 7.9 days.
| 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 | 6h 21m | $21.4M | $31.4M | 75x |
| Short | Kraken Futures PF_ATOMUSD | 1.8118 | −0.0010 | pay 0.0001% / 1h | 21m 30s | $3.1M | $703K | 50x |
Binance ATOMUSDT
Kraken Futures PF_ATOMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$23.11
- Price spread: +0.157% → +0.098%
- $5.9
- Slippage, 4 orders
- −$38.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$76.05
- Costs to cover
- 0.588%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Kraken Futures: live order book, 2 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, 5 min ago | 2.77 bp | 11.0 bp −$11 | 24.8 bp −$248 | 132.4 bp −$13.2K | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 8.28 bp | 21.2 bp −$21 | 44.9 bp −$449 | doesn't fit | doesn't fit |
ATOM on 24 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 ATOMUSDT | −0.0171% | 8h | 1.8070 | −0.111% | $15.1M | $10.8M | 75x | as long as short |
| Variational Omni ATOM | −0.0097% | 8h | 1.8062 | −0.155% | $577K | $76K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0090% | 8h | 1.8070 | −0.111% | $5.1M | $5.7M | 50x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0081% | 1h | 1.8103 | +0.072% | $498 | $10K | 25x | as long as short |
| Kraken Futures PF_ATOMUSDshort | −0.0010% | 1h | 1.8118 | +0.157% | $3.1M | $703K | 50x | |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8106 | +0.091% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8105 | +0.085% | $1K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0024% | 1h | 1.7940 | −0.829% | $25K | $11K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8079 | −0.061% | $2.8M | $849K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8071 | −0.106% | $979K | $245K | 20x | as long as short |
Bybit ATOMUSDT
Variational Omni ATOM
OKX ATOM-USDT-SWAP
Deribit ATOM_USDC-PERPETUAL
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Hyperliquid ATOM
Aster ATOMUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDTlong | +0.0100% | 8h | 1.8090 | long leg | $21.4M | $31.4M | 75x | |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8080 | −0.055% | $2.5M | $823K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8080 | −0.055% | $8.5M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8100 | +0.055% | $1.6M | $754K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8083 | −0.039% | $6.8M | $2.9M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8090 | 0.000% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8080 | −0.055% | $445K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8070 | −0.111% | $772K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8087 | −0.017% | $315K | $180K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8110 | +0.111% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8085 | −0.026% | $5K | $208K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0171% | 1h | 1.8090 | 0.000% | $660 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8110 | +0.112% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8097 | +0.038% | $2K | — | 25x | 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