Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.012%
Price spread now: BingX against Injective−0.449%117s7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as 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−$990.992% of the position
Funding, last 7 days−0.361%−$36 on $10k
+Price spread, last 4 days (all we have)+0.408%+$41 · spread now −0.449%, 7d avg −0.086%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.362% cheaper against Injective than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.086%). Swap the legs. The two prices were read 117 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 | Injective ATOM/USDC PERP | 1.7830 | 0.0146 | pay 0.0018% / 1h | 9m 21s | $650 | $290K | 12x |
| Short | BingX ATOM-USDT | 1.7750 | 0.0100 | get 0.0100% / 8h | 3h 09m | — | $24.4M | — |
Injective ATOM/USDC PERP
BingX ATOM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- −$9.68
- Price spread: −0.449% → −0.086%
- −$36.24
- Slippage, 4 orders
- −$89.18
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$145.12
- Costs to cover
- 0.992%
- Break-even
- never at this rate
Slippage from Injective: live order book, 30 min ago; BingX: live order book, 14 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 Injective live order book, 30 min ago | 36.12 bp | 36.1 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 5.60 bp | 10.6 bp −$11 | 30.3 bp −$303 | 94.4 bp −$9,439 | 316.8 bp −$158.4K |
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 | −0.0256% | 1h | 1.8040 | +1.178% | $25K | $4K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7802 | −0.158% | $62K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.7797 | −0.185% | $489 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.7766 | −0.358% | $789 | — | 150x | as long as short |
| Variational Omni ATOM | +0.0031% | 8h | 1.7802 | −0.159% | $565K | $78K | — | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7784 | −0.258% | $2.8M | $711K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7750 | −0.449% | $962K | $216K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7761 | −0.386% | $21.1M | $30.1M | 75x | as long as short |
| Bybit ATOMUSDT | +0.0100% | 8h | 1.7760 | −0.393% | $14.7M | $9.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7760 | −0.393% | $4.9M | $5.6M | 50x | as long as short |
Coinbase International ATOM-PERP-INTX
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Variational Omni ATOM
Hyperliquid ATOM
Aster ATOMUSDT
Binance ATOMUSDT
Bybit ATOMUSDT
OKX ATOM-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ATOM_USDT | +0.0100% | 8h | 1.7750 | −0.449% | $2.4M | $815K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7750 | −0.449% | $7.8M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7800 | −0.168% | $1.6M | $666K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7797 | −0.185% | $6.7M | $2.9M | 75x | as long as short |
| BingX ATOM-USDTshort | +0.0100% | 8h | 1.7750 | −0.449% | — | $24.4M | — | |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7850 | +0.115% | $439K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7848 | +0.102% | $756K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7794 | −0.202% | $310K | $174K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.7800 | −0.168% | $1.5M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7792 | −0.212% | $7K | $201K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0104% | 8h | 1.7810 | −0.112% | $1.1M | $332K | 75x | as long as short |
| Injective ATOM/USDC PERPlong | +0.0146% | 1h | 1.7830 | long leg | $650 | $290K | 12x | |
| Kraken Futures PF_ATOMUSD | +0.0167% | 1h | 1.7807 | −0.129% | $3.0M | $825K | 50x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1340% | 1h | 1.7762 | −0.381% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7747 | −0.466% | $2K | — | 25x | as long as short |
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
BloFin ATOM-USDT
Kraken Futures PF_ATOMUSD
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP