Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%
Price spread now: Phemex against Binance0.000%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$730.728% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now 0.000%, 7d avg −0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.023% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ATOMUSDT | 1.7750 | 0.0100 | pay 0.0100% / 8h | 3h 00m | $21.1M | $30.2M | 75x |
| Short | Phemex ATOMUSDT | 1.7750 | 0.0100 | get 0.0100% / 8h | 3h 00m | $1.5M | $1.9M | 50x |
Binance ATOMUSDT
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: 0.000% → −0.023%
- $2.26
- Slippage, 4 orders
- −$50.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$70.55
- Costs to cover
- 0.728%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Phemex: 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 Binance live order book, 11 min ago | 2.81 bp | 11.4 bp −$11 | 22.7 bp −$227 | 133.7 bp −$13.4K | doesn't fit |
| Sell Phemex live order book, 3 min ago | 8.45 bp | 26.2 bp −$26 | 40.7 bp −$407 | 115.7 bp −$11.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ATOM-PERP-INTX | −0.0256% | 1h | 1.8040 | +1.634% | $25K | $4K | 25x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0032% | 1h | 1.7754 | +0.023% | $488 | $10K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7757 | +0.038% | $62K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.7758 | +0.044% | $789 | — | 150x | as long as short |
| Variational Omni ATOM | +0.0028% | 8h | 1.7732 | −0.102% | $563K | $78K | — | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7759 | +0.051% | $2.8M | $715K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7723 | −0.154% | $960K | $209K | 20x | as long as short |
| Binance ATOMUSDTlong | +0.0100% | 8h | 1.7750 | long leg | $21.1M | $30.2M | 75x | |
| Bybit ATOMUSDT | +0.0100% | 8h | 1.7740 | −0.056% | $14.7M | $9.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7740 | −0.056% | $4.9M | $5.6M | 50x | as long as short |
Coinbase International ATOM-PERP-INTX
Deribit ATOM_USDC-PERPETUAL
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Variational Omni ATOM
Hyperliquid ATOM
Aster ATOMUSDT
Bybit ATOMUSDT
OKX ATOM-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ATOM_USDT | +0.0100% | 8h | 1.7740 | −0.056% | $2.4M | $822K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7740 | −0.056% | $7.8M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7760 | +0.056% | $1.6M | $666K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7749 | −0.006% | $6.6M | $2.9M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7750 | 0.000% | — | $24.4M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7760 | +0.054% | $437K | $297K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7790 | +0.225% | $754K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7755 | +0.028% | $309K | $176K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.7750 | 0.000% | $1.5M | $1.9M | 50x | |
| BloFin ATOM-USDT | +0.0100% | 8h | 1.7750 | 0.000% | $1.1M | $345K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7755 | +0.030% | $5K | $234K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0146% | 1h | 1.7760 | +0.056% | $648 | $290K | 12x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0168% | 1h | 1.7753 | +0.018% | $3.0M | $825K | 50x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1340% | 1h | 1.7756 | +0.035% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7739 | −0.061% | $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
BloFin ATOM-USDT
Extended ATOM-USD
Injective ATOM/USDC PERP
Kraken Futures PF_ATOMUSD
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP