Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Phemex against Hyperliquid+0.044%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$600.597% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.339%+$34 · spread now +0.044%, 7d avg +0.042%
=Together, before fees+0.220%+ Points / potential airdropHyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ATOM | 1.8022 | 0.0100 | pay 0.0013% / 1h | 51m 50s | $2.8M | $727K | 5x |
| Short | Phemex ATOMUSDT | 1.8030 | 0.0100 | get 0.0100% / 8h | 4h 51m | $1.6M | $1.9M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Hyperliquid. 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: +0.044% → +0.042%
- $0.22
- Slippage, 4 orders
- −$38.74
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$59.52
- Costs to cover
- 0.597%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 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 Hyperliquid live order book, 9 min ago | 1.66 bp | 15.5 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.77 bp | 14.5 bp −$14 | 42.8 bp −$428 | 127.8 bp −$12.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ATOM-PERP-INTX | −0.0312% | 1h | 1.7940 | −0.455% | $25K | $4K | 25x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0194% | 1h | 1.8024 | +0.011% | $495 | $10K | 25x | as long as short |
| Variational Omni ATOM | −0.0068% | 8h | 1.8102 | +0.444% | $577K | $74K | — | as long as short |
| Bybit ATOMUSDT | −0.0056% | 8h | 1.8020 | −0.011% | $15.0M | $9.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0018% | 8h | 1.8010 | −0.067% | $5.0M | $5.5M | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8067 | +0.249% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8035 | +0.074% | $801 | — | 150x | as long as short |
| Hyperliquid ATOMlong | +0.0100% | 1h | 1.8022 | long leg | $2.8M | $727K | 5x | |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8045 | +0.127% | $978K | $234K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8027 | +0.026% | $21.4M | $29.7M | 75x | as long as short |
Show all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ATOM_USDT | +0.0100% | 8h | 1.8030 | +0.044% | $2.5M | $807K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8020 | −0.011% | $8.5M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8050 | +0.155% | $1.6M | $672K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8029 | +0.039% | $6.8M | $2.6M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8040 | +0.100% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8086 | +0.354% | $445K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8024 | +0.013% | $761K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8015 | −0.039% | $314K | $176K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.8030 | +0.044% | $1.6M | $1.9M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.8020 | −0.013% | $5K | $204K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0116% | 1h | 1.8110 | +0.488% | $661 | $290K | 12x | as long as short |
| BloFin ATOM-USDT | +0.0129% | 8h | 1.8070 | +0.266% | $1.1M | $298K | 75x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8030 | +0.047% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8024 | +0.009% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0357% | 1h | 1.8040 | +0.099% | $3.1M | $712K | 50x | as long as short |
Hyperliquid ATOM
Phemex ATOMUSDT
Coinbase International ATOM-PERP-INTX
Deribit ATOM_USDC-PERPETUAL
Variational Omni ATOM
Bybit ATOMUSDT
OKX ATOM-USDT-SWAP
gTrade (Gains Network) ATOM/USD
Aster ATOMUSDT
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
Injective ATOM/USDC PERP
BloFin ATOM-USDT
GMX ATOM/USD [ETH-USDC]
Kraken Futures PF_ATOMUSD