Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.6% APRpaid last 24h +0.013%
Price spread now: Injective against MEXC−0.277%100s7-day average +0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as 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−$800.803% of the position
Funding, last 7 days+0.415%+$42 on $10k
+Price spread, last 4 days (all we have)+0.808%+$81 · spread now −0.277%, 7d avg +0.076%
=Funding pays, the price is against you. Injective is 0.352% cheaper against MEXC than usual: you would sell low and buy high (spread −0.277% now, against its 7-day average of +0.076%). If the spread goes back, that is −$35 on $10k: about 36 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.415% in total) that is about 5.9 days. The two prices were read 100 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 | MEXC ATOM_USDT | 1.8080 | 0.0100 | pay 0.0100% / 8h | 5h 33m | $8.5M | $3.0M | 200x |
| Short | Injective ATOM/USDC PERP | 1.8030 | 0.0132 | get 0.0017% / 1h | 33m 35s | $658 | $290K | 12x |
MEXC ATOM_USDT
Injective ATOM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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
- $6.82
- Price spread: −0.277% → +0.076%
- −$35.25
- Slippage, 4 orders
- −$80.27
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$108.72
- Costs to cover
- 0.803%
- Break-even
- 118.6 days
Slippage from MEXC: live order book, 4 min ago; Injective: live order book, 16 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 MEXC live order book, 4 min ago | 2.78 bp | 3.6 bp −$4 | 12.8 bp −$128 | 84.5 bp −$8,451 | 155.6 bp −$77.8K |
| Sell Injective live order book, 16 min ago | 36.20 bp | 36.2 bp −$36 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ATOM-PERP-INTX | −0.0224% | 1h | 1.7940 | −0.774% | $25K | $6K | 25x | as long as short |
| Variational Omni ATOM | −0.0095% | 8h | 1.8021 | −0.324% | $575K | $74K | — | as long as short |
| Bybit ATOMUSDT | −0.0088% | 8h | 1.8077 | −0.017% | $15.1M | $10.0M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0070% | 8h | 1.8080 | 0.000% | $5.1M | $5.5M | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8076 | −0.020% | $63K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8077 | −0.017% | $497 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8066 | −0.077% | $802 | — | 150x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8083 | +0.017% | $2.8M | $755K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8066 | −0.077% | $979K | $239K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8089 | +0.051% | $21.5M | $30.0M | 75x | as long as short |
Coinbase International ATOM-PERP-INTX
Variational Omni ATOM
Bybit ATOMUSDT
OKX ATOM-USDT-SWAP
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
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 | 1.8070 | −0.055% | $2.5M | $824K | 75x | as long as short |
| MEXC ATOM_USDTlong | +0.0100% | 8h | 1.8080 | long leg | $8.5M | $3.0M | 200x | |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8080 | 0.000% | $1.6M | $687K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8085 | +0.028% | $6.8M | $2.7M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8080 | 0.000% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8052 | −0.157% | $444K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8050 | −0.166% | $763K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8048 | −0.177% | $314K | $179K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8080 | 0.000% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8080 | 0.000% | $7K | $205K | 10x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0123% | 1h | 1.8103 | +0.125% | $3.1M | $701K | 50x | as long as short |
| BloFin ATOM-USDT | +0.0125% | 8h | 1.8060 | −0.111% | $1.1M | $310K | 75x | as long as short |
| Injective ATOM/USDC PERPshort | +0.0132% | 1h | 1.8030 | −0.277% | $658 | $290K | 12x | |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8073 | −0.038% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8059 | −0.118% | $2K | — | 25x | as long as short |
Gate 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