Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.016%
Price spread now: MEXC against Phemex−0.055%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 3 days (all we have)−0.039%−$4 · spread now −0.055%, 7d avg −0.008%
=Funding pays, the price is against you. MEXC is 0.048% cheaper against Phemex than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.008%). If the spread goes back, that is −$5 on $10k: about 4.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.144% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ATOMUSDT | 1.8040 | 0.0067 | pay 0.0067% / 8h | 7h 33m | $1.6M | $1.9M | 50x |
| Short | MEXC ATOM_USDT | 1.8030 | 0.0100 | get 0.0100% / 8h | 7h 33m | $9.0M | $3.0M | 200x |
Phemex ATOMUSDT
MEXC ATOM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $6.86
- Price spread: −0.055% → −0.008%
- −$4.79
- Slippage, 4 orders
- −$35.21
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$45.14
- Costs to cover
- 0.472%
- Break-even
- 53.0 days
Slippage from Phemex: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago | 2.77 bp | 19.8 bp −$20 | 44.1 bp −$441 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.77 bp | 7.8 bp −$8 | 19.2 bp −$192 | 84.0 bp −$8,403 | 165.9 bp −$82.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ATOMUSDT | −0.0185% | 8h | 1.8020 | −0.111% | $15.1M | $10.8M | 75x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0083% | 1h | 1.8035 | −0.028% | $496 | $10K | 25x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0079% | 8h | 1.8030 | −0.055% | $5.1M | $5.5M | 50x | as long as short |
| Variational Omni ATOM | −0.0063% | 8h | 1.8062 | +0.123% | $577K | $79K | — | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8077 | +0.206% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8047 | +0.036% | $1K | — | 150x | as long as short |
| Phemex ATOMUSDTlong | +0.0067% | 8h | 1.8040 | long leg | $1.6M | $1.9M | 50x | |
| BloFin ATOM-USDT | +0.0074% | 8h | 1.8050 | +0.055% | $1.1M | $325K | 75x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0080% | 1h | 1.8080 | +0.222% | $25K | $12K | 25x | as long as short |
| Hyperliquid ATOM | +0.0100% | 1h | 1.8027 | −0.072% | $2.8M | $847K | 5x | as long as short |
Bybit ATOMUSDT
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
BloFin ATOM-USDT
Coinbase International ATOM-PERP-INTX
Hyperliquid ATOMShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ATOMUSDT | +0.0100% | 8h | 1.8040 | 0.000% | $982K | $227K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8036 | −0.024% | $21.4M | $31.4M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8040 | 0.000% | $2.5M | $851K | 75x | as long as short |
| MEXC ATOM_USDTshort | +0.0100% | 8h | 1.8030 | −0.055% | $9.0M | $3.0M | 200x | |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8060 | +0.111% | $1.6M | $794K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8058 | +0.100% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8040 | 0.000% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8050 | +0.054% | $444K | $295K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8041 | +0.003% | $770K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8031 | −0.050% | $309K | $166K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8035 | −0.027% | $6K | $278K | 10x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0122% | 1h | 1.8059 | +0.103% | $3.1M | $695K | 50x | as long as short |
| Injective ATOM/USDC PERP | +0.0132% | 1h | 1.8080 | +0.222% | $660 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8038 | −0.013% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8024 | −0.087% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
Gate ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
Kraken Futures PF_ATOMUSD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP