Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.013%
Price spread now: KuCoin against Injective−0.055%70s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as 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−$1201.201% of the position
Funding, last 7 days−0.623%−$62 on $10k
+Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.055%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.028% cheaper against Injective than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 70 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 | 1.8060 | 0.0132 | pay 0.0016% / 1h | 8m 04s | $659 | $174K | 12x |
| Short | KuCoin ATOMUSDTM | 1.8050 | 0.0100 | get 0.0100% / 8h | 2h 08m | $1.6M | $825K | 50x |
Injective ATOM/USDC PERP
KuCoin ATOMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$6.69
- Price spread: −0.055% → −0.028%
- −$2.77
- Slippage, 4 orders
- −$108.05
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$129.54
- Costs to cover
- 1.201%
- Break-even
- never at this rate
Slippage from Injective: live order book, 1 min ago; KuCoin: live order book, 8 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, 1 min ago | 36.00 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 5.53 bp | 28.0 bp −$28 | 139.8 bp −$1,398 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ATOM_USDC-PERPETUAL | −0.0304% | 1h | 1.8047 | −0.072% | $496 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0053% | 8h | 1.8010 | −0.277% | $5.2M | $5.0M | 50x | as long as short |
| Variational Omni ATOM | −0.0017% | 8h | 1.8025 | −0.196% | $576K | $18K | — | as long as short |
| Coinbase International ATOM-PERP-INTX | −0.0008% | 1h | 1.8190 | +0.720% | $26K | $12K | 25x | as long as short |
| Bybit ATOMUSDT | −0.0002% | 8h | 1.8020 | −0.221% | $15.2M | $10.4M | 75x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8062 | +0.011% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8048 | −0.066% | $9K | — | 150x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8033 | −0.150% | $2.8M | $914K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8049 | −0.060% | $982K | $243K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8040 | −0.111% | $21.5M | $30.3M | 75x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
Coinbase International ATOM-PERP-INTX
Bybit ATOMUSDT
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
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 | 1.8050 | −0.055% | $2.5M | $834K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8040 | −0.111% | $9.1M | $2.9M | 200x | as long as short |
| KuCoin ATOMUSDTMshort | +0.0100% | 8h | 1.8050 | −0.055% | $1.6M | $825K | 50x | |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8043 | −0.094% | $6.8M | $2.7M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8050 | −0.055% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8044 | −0.086% | $444K | $293K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8050 | −0.056% | $770K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8043 | −0.094% | $308K | $185K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8040 | −0.111% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8038 | −0.123% | $6K | $184K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0128% | 8h | 1.8070 | +0.055% | $1.1M | $325K | 75x | as long as short |
| Injective ATOM/USDC PERPlong | +0.0132% | 1h | 1.8060 | long leg | $659 | $174K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0201% / S −0.1854% | 1h | 1.8048 | −0.068% | $3K | — | 120x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0204% | 1h | 1.8067 | +0.039% | $3.1M | $663K | 50x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8025 | −0.196% | $2K | — | 25x | as long as short |
Gate ATOM_USDT
MEXC ATOM_USDT
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
BloFin ATOM-USDT
GMX ATOM/USD [ETH-USDC]
Kraken Futures PF_ATOMUSD
Reya ATOMRUSDPERP