ATOM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0184%/8h= +20.1% APRnext payment +$1.84 per $10,000 · paid last 24h +0.017%

Price spread now: Phemex against Bybit+0.028%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.326%+$33 · spread now +0.028%, 7d avg +0.036%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.84 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATOMUSDT	1.8085	−0.0084	get 0.0084% / 8h	5h 32m	$15.1M	$10.0M	75x
Short	Phemex ATOMUSDT	1.8090	0.0100	get 0.0100% / 8h	5h 32m	$1.6M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee PhemexbpOrdersPrice spread, now +0.028%Rate

Funding earned: $38.63
Price spread: +0.028% → +0.036%: −$0.84
Slippage, 4 orders: −$39.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$24.98
Costs to cover: 0.628%
Break-even: 11.5 days

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	2.77 bp	13.7 bp −$14	31.1 bp −$311	249.6 bp −$25.0K	doesn't fit
Sell Phemex live order book, 1 min ago	2.76 bp	19.8 bp −$20	40.4 bp −$404	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
Coinbase International ATOM-PERP-INTX	−0.0224%	1h	1.7940	−0.802%	$25K	$6K	25x	as long as short
Variational Omni ATOM	−0.0095%	8h	1.8021	−0.351%	$575K	$74K	—	as long as short
Bybit ATOMUSDTlong	−0.0084%	8h	1.8085	long leg	$15.1M	$10.0M	75x
OKX ATOM-USDT-SWAP	−0.0068%	8h	1.8080	−0.028%	$5.1M	$5.5M	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8096	+0.063%	$63K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8095	+0.055%	$497	$10K	25x	as long as short
BloFin ATOM-USDT	+0.0087%	8h	1.8110	+0.138%	$1.1M	$315K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8085	0.000%	$2.8M	$755K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8079	−0.035%	$980K	$239K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8096	+0.061%	$21.5M	$30.0M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ATOM_USDT	+0.0100%	8h	1.8090	+0.028%	$2.5M	$825K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8080	−0.028%	$8.5M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8100	+0.083%	$1.6M	$687K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8089	+0.022%	$6.8M	$2.7M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8090	+0.028%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8052	−0.184%	$444K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8050	−0.194%	$763K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8087	+0.011%	$315K	$180K	75x	as long as short
Phemex ATOMUSDTshort	+0.0100%	8h	1.8090	+0.028%	$1.6M	$1.9M	50x
Extended ATOM-USD	+0.0104%	1h	1.8092	+0.038%	$7K	$205K	10x	as long as short
Kraken Futures PF_ATOMUSD	+0.0123%	1h	1.8114	+0.161%	$3.1M	$701K	50x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8090	+0.028%	$660	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8091	+0.035%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8075	−0.053%	$2K	—	25x	as long as short