Funding you earn now, next payment 22:00 UTC+0.0173%/8h= +18.9% APRpaid last 24h +0.034%
Price spread now: Injective against Bybit+0.121%48s7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as 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−$1041.039% of the position
Funding, last 7 days+0.463%+$46 on $10k
+Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.121%, 7d avg +0.099%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.099%. The two prices were read 48 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 | Bybit ATOMUSDT | 1.8128 | −0.0041 | get 0.0041% / 8h | 2h 28m | $15.3M | $10.4M | 75x |
| Short | Injective ATOM/USDC PERP | 1.8150 | 0.0132 | get 0.0016% / 1h | 28m 22s | $662 | $174K | 12x |
Bybit ATOMUSDT
Injective ATOM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- $36.31
- Price spread: +0.121% → +0.099%
- $2.28
- Slippage, 4 orders
- −$92.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$65.27
- Costs to cover
- 1.039%
- Break-even
- 19.6 days
Slippage from Bybit: live order book, 5 min ago; Injective: live order book, 46 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 Bybit live order book, 5 min ago | 2.76 bp | 17.5 bp −$18 | 39.1 bp −$391 | 118.6 bp −$11.9K | doesn't fit |
| Sell Injective live order book, 46 min ago | 36.12 bp | 36.1 bp −$36 | doesn't fit | 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 | −0.0191% | 1h | 1.8140 | +0.066% | $499 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0050% | 8h | 1.8120 | −0.044% | $5.2M | $5.0M | 50x | as long as short |
| Variational Omni ATOM | −0.0049% | 8h | 1.8144 | +0.089% | $580K | $18K | — | as long as short |
| Bybit ATOMUSDTlong | −0.0041% | 8h | 1.8128 | long leg | $15.3M | $10.4M | 75x | |
| Coinbase International ATOM-PERP-INTX | −0.0008% | 1h | 1.8190 | +0.342% | $26K | $12K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8148 | +0.111% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8148 | +0.110% | $9K | — | 150x | as long as short |
| Bitget ATOMUSDT | +0.0076% | 8h | 1.8140 | +0.066% | $6.7M | $2.7M | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8149 | +0.116% | $2.8M | $927K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8143 | +0.084% | $987K | $243K | 20x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
Coinbase International ATOM-PERP-INTX
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Bitget ATOMUSDT
Hyperliquid ATOM
Aster ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.8150 | +0.121% | $21.7M | $30.3M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8140 | +0.066% | $2.5M | $831K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8150 | +0.121% | $9.1M | $2.9M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8150 | +0.121% | $1.6M | $820K | 50x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8130 | +0.011% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8158 | +0.165% | $447K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8153 | +0.140% | $771K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8135 | +0.039% | $309K | $184K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8130 | +0.011% | $1.6M | $1.9M | 50x | as long as short |
| BloFin ATOM-USDT | +0.0102% | 8h | 1.8120 | −0.044% | $1.1M | $326K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8138 | +0.055% | $6K | $184K | 10x | as long as short |
| Injective ATOM/USDC PERPshort | +0.0132% | 1h | 1.8150 | +0.121% | $662 | $174K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8139 | +0.059% | $3K | — | 120x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0203% | 1h | 1.8153 | +0.138% | $3.1M | $668K | 50x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8136 | +0.042% | $2K | — | 25x | as long as short |
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
BloFin ATOM-USDT
Extended ATOM-USD
GMX ATOM/USD [ETH-USDC]
Kraken Futures PF_ATOMUSD
Reya ATOMRUSDPERP