Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.019%
Price spread now: Phemex against BloFin+0.057%59s7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as 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−$770.767% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.057%, 7d avg −0.018%
=The price spread pays, funding is against you. Phemex is 0.075% dearer against BloFin than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of −0.018%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 7 days (−0.204% in total) that is about 2.6 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 | BloFin ATOM-USDT | 1.7670 | 0.0126 | pay 0.0126% / 8h | 22m 01s | $934K | $352K | 75x |
| Short | Phemex ATOMUSDT | 1.7680 | 0.0100 | get 0.0100% / 8h | 22m 01s | $1.5M | $2.0M | 50x |
BloFin ATOM-USDT
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$5.56
- Price spread: +0.057% → −0.018%
- $7.45
- Slippage, 4 orders
- −$52.7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$74.81
- Costs to cover
- 0.767%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 30 min ago; Phemex: live order book, 1 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 BloFin live order book, 30 min ago | 5.64 bp | 11.6 bp −$12 | 24.5 bp −$245 | 84.8 bp −$8,477 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.82 bp | 16.4 bp −$16 | 37.6 bp −$376 | doesn't fit | 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 | −0.0146% | 1h | 1.7674 | +0.023% | $486 | $10K | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0071% | 1h | 1.7684 | +0.079% | $2.9M | $826K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7697 | +0.151% | $62K | $5K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.7685 | +0.087% | $9K | — | 150x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7665 | −0.028% | $3.1M | $940K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7665 | −0.030% | $960K | $133K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7673 | +0.015% | $21.1M | $32.9M | 75x | as long as short |
| Bybit ATOMUSDT | +0.0100% | 8h | 1.7679 | +0.051% | $14.9M | $10.4M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7680 | +0.057% | $5.0M | $6.1M | 50x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7680 | +0.057% | $2.4M | $857K | 75x | as long as short |
Deribit ATOM_USDC-PERPETUAL
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Hyperliquid ATOM
Aster ATOMUSDT
Binance ATOMUSDT
Bybit ATOMUSDT
OKX ATOM-USDT-SWAP
Gate ATOM_USDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7670 | 0.000% | $8.2M | $5.3M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7690 | +0.113% | $1.5M | $720K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7676 | +0.034% | $6.6M | $3.2M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7680 | +0.057% | — | $3.8M | — | as long as short |
| Variational Omni ATOM | +0.0100% | 8h | 1.7632 | −0.217% | $560K | $84K | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7649 | −0.119% | $434K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7653 | −0.099% | $746K | $2.6M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7686 | +0.091% | $309K | $156K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.7680 | +0.057% | $1.5M | $2.0M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.7668 | −0.010% | $9K | $274K | 10x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0120% | 1h | 1.7700 | +0.170% | $24K | $4K | 25x | as long as short |
| BloFin ATOM-USDTlong | +0.0126% | 8h | 1.7670 | long leg | $934K | $352K | 75x | |
| Injective ATOM/USDC PERP | +0.0140% | 1h | 1.7670 | 0.000% | $645 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0197% / S −0.1340% | 1h | 1.7679 | +0.052% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7666 | −0.020% | $2K | — | 25x | as long as short |
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
Variational Omni ATOM
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
Coinbase International ATOM-PERP-INTX
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP