Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%
Price spread now: Bybit against Phemex−0.056%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$610.607% of the position
Funding, last 7 days+0.115%+$11 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.056%, 7d avg −0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.021% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ATOMUSDT | 1.7760 | 0.0100 | pay 0.0100% / 8h | 2h 16m | $1.5M | $2.0M | 50x |
| Short | Bybit ATOMUSDT | 1.7750 | 0.0100 | get 0.0100% / 8h | 2h 16m | $14.7M | $10.5M | 75x |
Phemex ATOMUSDT
Bybit ATOMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phemex. 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
- $0
- Price spread: −0.056% → −0.035%
- −$2.12
- Slippage, 4 orders
- −$37.71
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$62.82
- Costs to cover
- 0.607%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Bybit: live order book, 2 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 Phemex live order book, 2 min ago | 2.81 bp | 16.3 bp −$16 | 34.4 bp −$344 | 107.0 bp −$10.7K | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.81 bp | 13.3 bp −$13 | 29.0 bp −$290 | 102.4 bp −$10.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ATOM-USD | 0.0000% | 1h | 1.7787 | +0.151% | $62K | $5K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.7753 | −0.039% | $488 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.7756 | −0.024% | $789 | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0008% | 1h | 1.7700 | −0.338% | $24K | $4K | 25x | as long as short |
| Variational Omni ATOM | +0.0039% | 8h | 1.7682 | −0.440% | $564K | $81K | — | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.7756 | −0.023% | $2.7M | $735K | 5x | as long as short |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7760 | 0.000% | $965K | $202K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7761 | +0.006% | $21.2M | $32.9M | 75x | as long as short |
| Bybit ATOMUSDTshort | +0.0100% | 8h | 1.7750 | −0.056% | $14.7M | $10.5M | 75x | |
| OKX ATOM-USDT-SWAP | +0.0100% | 8h | 1.7750 | −0.056% | $4.9M | $5.9M | 50x | as long as short |
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Variational Omni ATOM
Hyperliquid ATOM
Aster ATOMUSDT
Binance ATOMUSDT
OKX ATOM-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ATOM_USDT | +0.0100% | 8h | 1.7770 | +0.056% | $2.4M | $862K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7750 | −0.056% | $8.4M | $5.2M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7770 | +0.056% | $1.6M | $721K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7762 | +0.011% | $6.6M | $3.1M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7750 | −0.056% | — | $24.4M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7703 | −0.319% | $436K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7773 | +0.072% | $759K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7733 | −0.152% | $309K | $179K | 75x | as long as short |
| Phemex ATOMUSDTlong | +0.0100% | 8h | 1.7760 | long leg | $1.5M | $2.0M | 50x | |
| Extended ATOM-USD | +0.0104% | 1h | 1.7755 | −0.028% | $32K | $258K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0110% | 1h | 1.7800 | +0.225% | $649 | $290K | 12x | as long as short |
| BloFin ATOM-USDT | +0.0117% | 8h | 1.7790 | +0.169% | $1.1M | $356K | 75x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1340% | 1h | 1.7762 | +0.012% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7754 | −0.031% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0555% | 1h | 1.7767 | +0.041% | $2.9M | $861K | 50x | 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
Extended ATOM-USD
Injective ATOM/USDC PERP
BloFin ATOM-USDT
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP
Kraken Futures PF_ATOMUSD