Funding you earn now, next payment 00:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h −0.024%
Price spread now: Kraken Futures against OKX+0.146%7-day average +0.196% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$710.706% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 3 days (all we have)+0.203%+$20 · spread now +0.146%, 7d avg +0.196%
=Funding pays, the price is against you. Kraken Futures is 0.051% cheaper against OKX than usual: you would sell low and buy high (spread +0.146% now, against its 7-day average of +0.196%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.090% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ATOM-USDT-SWAP | 1.8070 | −0.0072 | get 0.0072% / 8h | 20m 52s | $5.2M | $5.5M | 50x |
| Short | Kraken Futures PF_ATOMUSD | 1.8096 | 0.0244 | get 0.0030% / 1h | 20m 52s | $3.1M | $682K | 50x |
OKX ATOM-USDT-SWAP
Kraken Futures PF_ATOMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $66.33
- Price spread: +0.146% → +0.196%
- −$5.08
- Slippage, 4 orders
- −$50.64
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$9.39
- Costs to cover
- 0.706%
- Break-even
- 8.0 days
Slippage from OKX: live order book, 2 min ago; Kraken Futures: 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 OKX live order book, 2 min ago | 2.76 bp | 19.5 bp −$19 | 57.0 bp −$570 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 13.83 bp | 22.5 bp −$22 | 49.3 bp −$493 | 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 | −0.0247% | 1h | 1.8088 | +0.100% | $497 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAPlong | −0.0072% | 8h | 1.8070 | long leg | $5.2M | $5.5M | 50x | |
| Variational Omni ATOM | −0.0026% | 8h | 1.8083 | +0.070% | $578K | $80K | — | as long as short |
| Bybit ATOMUSDT | −0.0016% | 8h | 1.8082 | +0.066% | $15.1M | $10.7M | 75x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8107 | +0.207% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8102 | +0.177% | $9K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0008% | 1h | 1.8150 | +0.443% | $25K | $12K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8084 | +0.077% | $2.8M | $854K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8083 | +0.072% | $984K | $235K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8090 | +0.111% | $21.5M | $31.0M | 75x | as long as short |
Deribit ATOM_USDC-PERPETUAL
Variational Omni ATOM
Bybit ATOMUSDT
dYdX ATOM-USD
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 | 1.8100 | +0.166% | $2.5M | $846K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8090 | +0.111% | $9.2M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8100 | +0.166% | $1.6M | $834K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8076 | +0.033% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8080 | +0.055% | — | $24.8M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8059 | −0.060% | $444K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8058 | −0.068% | $773K | $3.0M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8058 | −0.066% | $309K | $174K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8090 | +0.111% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8089 | +0.103% | $6K | $184K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0113% | 8h | 1.8100 | +0.166% | $1.1M | $326K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0143% | 1h | 1.8130 | +0.332% | $661 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0203% / S −0.2202% | 1h | 1.8104 | +0.188% | $4K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8084 | +0.080% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSDshort | +0.0244% | 1h | 1.8096 | +0.146% | $3.1M | $682K | 50x |
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
BloFin ATOM-USDT
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP