Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.030%
Price spread now: Phemex against Coinbase International+0.608%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.608% dearer against Coinbase International than usual: you sell high and buy low: +$61 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ATOM-PERP-INTX | 1.8080 | 0.0080 | pay 0.0010% / 1h | 7m 06s | $25K | $12K | 25x |
| Short | Phemex ATOMUSDT | 1.8190 | 0.0100 | get 0.0100% / 8h | 7h 07m | $1.6M | $1.9M | 50x |
Coinbase International ATOM-PERP-INTX
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Coinbase International. 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
- $4.2
- Price spread: +0.608% → 0.000%
- $60.84
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $43.04
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 8.25 bp | 26.0 bp −$26 | 45.9 bp −$459 | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0300% | 1h | 1.8186 | +0.586% | $500 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0065% | 8h | 1.8160 | +0.442% | $5.2M | $5.6M | 50x | as long as short |
| Variational Omni ATOM | −0.0054% | 8h | 1.8122 | +0.232% | $580K | $78K | — | as long as short |
| Bybit ATOMUSDT | −0.0006% | 8h | 1.8160 | +0.442% | $15.2M | $10.7M | 75x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8177 | +0.537% | $64K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8175 | +0.525% | $1K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTXlong | +0.0080% | 1h | 1.8080 | long leg | $25K | $12K | 25x | |
| BloFin ATOM-USDT | +0.0084% | 8h | 1.8190 | +0.608% | $1.1M | $325K | 75x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8179 | +0.548% | $2.8M | $848K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8161 | +0.451% | $988K | $226K | 20x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
Bybit ATOMUSDT
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
BloFin ATOM-USDT
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 | 1.8184 | +0.577% | $21.6M | $31.3M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8180 | +0.553% | $2.5M | $854K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8170 | +0.498% | $9.1M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8190 | +0.608% | $1.6M | $792K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8181 | +0.559% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8180 | +0.553% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8179 | +0.550% | $447K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8180 | +0.553% | $771K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8165 | +0.470% | $316K | $180K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.8190 | +0.608% | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8169 | +0.491% | $9K | $211K | 10x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0121% | 1h | 1.8197 | +0.648% | $3.1M | $695K | 50x | as long as short |
| Injective ATOM/USDC PERP | +0.0132% | 1h | 1.8190 | +0.608% | $664 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8186 | +0.586% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8160 | +0.443% | $2K | — | 25x | as long as short |
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
Kraken Futures PF_ATOMUSD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP