Funding you earn now, next payment 01:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.046%
Price spread now: Bybit against Injective+0.249%78s7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as 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−$980.983% of the position
Funding, last 7 days−0.442%−$44 on $10k
+Price spread, last 3 days (all we have)−0.288%−$29 · spread now +0.249%, 7d avg −0.102%
=The price spread pays, funding is against you. Bybit is 0.350% dearer against Injective than usual: you sell high and buy low (spread +0.249% now, against its 7-day average of −0.102%): +$35 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days. The two prices were read 78 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 | 1.8100 | 0.0132 | pay 0.0016% / 1h | 14m 02s | $660 | $290K | 12x |
| Short | Bybit ATOMUSDT | 1.8145 | 0.0025 | get 0.0025% / 8h | 7h 14m | $15.2M | $10.7M | 75x |
Injective ATOM/USDC PERP
Bybit ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$22.39
- Price spread: +0.249% → −0.102%
- $35.03
- Slippage, 4 orders
- −$87.26
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$85.64
- Costs to cover
- 0.983%
- Break-even
- never at this rate
Slippage from Injective: live order book, 45 min ago; Bybit: live order book, 4 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, 45 min ago | 35.86 bp | 35.9 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.77 bp | 12.7 bp −$13 | 33.2 bp −$332 | 101.3 bp −$10.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ATOM-USDT-SWAP | −0.0059% | 8h | 1.8140 | +0.221% | $5.2M | $5.5M | 50x | as long as short |
| Variational Omni ATOM | −0.0058% | 8h | 1.8072 | −0.154% | $577K | $79K | — | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8117 | +0.094% | $63K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8127 | +0.149% | $498 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8123 | +0.127% | $1K | — | 150x | as long as short |
| Bybit ATOMUSDTshort | +0.0025% | 8h | 1.8145 | +0.249% | $15.2M | $10.7M | 75x | |
| Coinbase International ATOM-PERP-INTX | +0.0080% | 1h | 1.8080 | −0.110% | $25K | $12K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8151 | +0.282% | $2.8M | $850K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8114 | +0.076% | $985K | $226K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8159 | +0.324% | $21.6M | $31.3M | 75x | as long as short |
OKX ATOM-USDT-SWAP
Variational Omni ATOM
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Hyperliquid ATOM
Aster ATOMUSDT
Binance ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ATOM_USDT | +0.0100% | 8h | 1.8140 | +0.221% | $2.5M | $853K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8140 | +0.221% | $9.1M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8160 | +0.331% | $1.6M | $793K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8153 | +0.293% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8140 | +0.221% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8061 | −0.215% | $444K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8068 | −0.177% | $767K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8105 | +0.028% | $315K | $180K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8120 | +0.110% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8118 | +0.102% | $5K | $206K | 10x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0121% | 1h | 1.8147 | +0.258% | $3.1M | $695K | 50x | as long as short |
| BloFin ATOM-USDT | +0.0126% | 8h | 1.8100 | 0.000% | $1.1M | $324K | 75x | as long as short |
| Injective ATOM/USDC PERPlong | +0.0132% | 1h | 1.8100 | long leg | $660 | $290K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8126 | +0.143% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8106 | +0.033% | $2K | — | 25x | as long as short |
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
Kraken Futures PF_ATOMUSD
BloFin ATOM-USDT
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP