Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.027%
Price spread now: Phemex against Injective−0.112%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1151.151% of the position
Funding, last 7 days−0.560%−$56 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.112%, 7d avg −0.069%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.043% cheaper against Injective than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ATOM/USDC PERP | 1.7780 | 0.0140 | pay 0.0017% / 1h | 40m 23s | $649 | $290K | 12x |
| Short | Phemex ATOMUSDT | 1.7760 | 0.0100 | get 0.0100% / 8h | 40m 23s | $1.5M | $2.0M | 50x |
Injective ATOM/USDC PERP
Phemex ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$8.39
- Price spread: −0.112% → −0.069%
- −$4.35
- Slippage, 4 orders
- −$103.07
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$127.83
- Costs to cover
- 1.151%
- Break-even
- never at this rate
Slippage from Injective: live order book, 49 min ago; Phemex: live order book, 3 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, 49 min ago | 36.88 bp | 36.9 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.82 bp | 24.0 bp −$24 | 39.9 bp −$399 | 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 | −0.0257% | 1h | 1.7740 | −0.225% | $488 | $10K | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0071% | 1h | 1.7738 | −0.237% | $2.9M | $869K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7766 | −0.076% | $62K | $5K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.7747 | −0.187% | $788 | — | 150x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7730 | −0.281% | $3.1M | $993K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7722 | −0.323% | $963K | $154K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7735 | −0.251% | $21.2M | $33.5M | 75x | as long as short |
| Bybit ATOMUSDT | +0.0100% | 8h | 1.7736 | −0.247% | $14.9M | $10.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7740 | −0.225% | $5.1M | $6.2M | 50x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7750 | −0.169% | $2.4M | $849K | 75x | as long as short |
Deribit ATOM_USDC-PERPETUAL
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Hyperliquid ATOM
Aster ATOMUSDT
Binance ATOMUSDT
Bybit ATOMUSDT
OKX ATOM-USDT-SWAP
Gate ATOM_USDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7730 | −0.281% | $8.2M | $5.2M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7760 | −0.112% | $1.5M | $719K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7755 | −0.141% | $6.6M | $3.4M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7750 | −0.169% | — | $3.8M | — | as long as short |
| Variational Omni ATOM | +0.0100% | 8h | 1.7742 | −0.216% | $563K | $84K | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7739 | −0.228% | $436K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7719 | −0.341% | $757K | $2.6M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7756 | −0.135% | $310K | $179K | 75x | as long as short |
| Phemex ATOMUSDTshort | +0.0100% | 8h | 1.7760 | −0.112% | $1.5M | $2.0M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.7731 | −0.277% | $9K | $274K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0107% | 8h | 1.7750 | −0.169% | $934K | $355K | 75x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0120% | 1h | 1.7700 | −0.450% | $24K | $4K | 25x | as long as short |
| Injective ATOM/USDC PERPlong | +0.0140% | 1h | 1.7780 | long leg | $649 | $290K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0197% / S −0.1340% | 1h | 1.7744 | −0.202% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7719 | −0.341% | $2K | — | 25x | as long as short |
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
Variational Omni ATOM
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
BloFin ATOM-USDT
Coinbase International ATOM-PERP-INTX
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP