Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Phemex against Gate0.000%49s7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as 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−$1000.997% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 3 days (all we have)+0.108%+$11 · spread now 0.000%, 7d avg +0.039%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.039% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.039%. The two prices were read 49 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 | Gate ATOM_USDT | 1.8070 | 0.0100 | pay 0.0100% / 8h | 6h 26m | $2.5M | $821K | 75x |
| Short | Phemex ATOMUSDT | 1.8070 | 0.0100 | get 0.0100% / 8h | 6h 26m | $1.6M | $1.9M | 50x |
Gate ATOM_USDT
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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% → +0.039%
- −$3.89
- Slippage, 4 orders
- −$72.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$103.6
- Costs to cover
- 0.997%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Phemex: live order book, 2 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 Gate live order book, 1 min ago | 5.54 bp | 35.9 bp −$36 | 115.0 bp −$1,150 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.77 bp | 19.4 bp −$19 | 40.3 bp −$403 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ATOMUSDT | −0.0192% | 8h | 1.8070 | 0.000% | $15.1M | $10.8M | 75x | as long as short |
| Variational Omni ATOM | −0.0097% | 8h | 1.8062 | −0.044% | $577K | $76K | — | as long as short |
| OKX ATOM-USDT-SWAP | −0.0093% | 8h | 1.8070 | 0.000% | $5.1M | $5.7M | 50x | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0010% | 1h | 1.8078 | +0.043% | $3.1M | $700K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8077 | +0.038% | $63K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8073 | +0.017% | $497 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8075 | +0.029% | $1K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0024% | 1h | 1.7940 | −0.719% | $25K | $11K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8077 | +0.039% | $2.8M | $851K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8054 | −0.086% | $978K | $245K | 20x | as long as short |
Bybit ATOMUSDT
Variational Omni ATOM
OKX ATOM-USDT-SWAP
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Hyperliquid ATOM
Aster ATOMUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.8085 | +0.084% | $21.4M | $31.5M | 75x | as long as short |
| Gate ATOM_USDTlong | +0.0100% | 8h | 1.8070 | long leg | $2.5M | $821K | 75x | |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8070 | 0.000% | $8.5M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8090 | +0.111% | $1.6M | $774K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8081 | +0.061% | $6.8M | $2.9M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8070 | 0.000% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8028 | −0.231% | $444K | $293K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8050 | −0.111% | $771K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8020 | −0.277% | $314K | $180K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.8070 | 0.000% | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8080 | +0.058% | $5K | $208K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0171% | 1h | 1.8080 | +0.055% | $660 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8084 | +0.077% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8072 | +0.012% | $2K | — | 25x | as long as short |
Binance ATOMUSDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP