Funding you earn now, next payment 16:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.34 per $10,000 · paid last 24h −0.015%
Price spread now: OKX against Phemex−0.168%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$640.641% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.305%−$30 · spread now −0.168%, 7d avg −0.071%
=Funding pays, the price is against you. OKX is 0.097% cheaper against Phemex than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.071%). If the spread goes back, that is −$10 on $10k: about 9.6 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ATOMUSDT | 1.7880 | 0.0066 | pay 0.0066% / 8h | 6h 57m | $1.6M | $1.9M | 50x |
| Short | OKX ATOM-USDT-SWAP | 1.7850 | 0.0100 | get 0.0100% / 8h | 6h 57m | $5.1M | $6.0M | 50x |
Phemex ATOMUSDT
OKX ATOM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $7.05
- Price spread: −0.168% → −0.071%
- −$9.67
- Slippage, 4 orders
- −$42.08
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$66.7
- Costs to cover
- 0.641%
- Break-even
- 73.3 days
Slippage from Phemex: live order book, 5 min ago; OKX: 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 | 2.79 bp | 20.5 bp −$20 | 36.6 bp −$366 | 117.8 bp −$11.8K | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.79 bp | 16.5 bp −$17 | 57.9 bp −$579 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ATOMUSD | −0.0180% | 1h | 1.7881 | +0.006% | $2.9M | $780K | 50x | as long as short |
| Hyperliquid ATOM | −0.0144% | 1h | 1.7854 | −0.145% | $3.1M | $845K | 5x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0141% | 1h | 1.7880 | 0.000% | $492 | — | 25x | as long as short |
| Coinbase International ATOM-PERP-INTX | −0.0136% | 1h | 1.7700 | −1.007% | $24K | $4K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.7875 | −0.027% | $65K | $7K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.7905 | +0.139% | $9K | — | 150x | as long as short |
| Phemex ATOMUSDTlong | +0.0066% | 8h | 1.7880 | long leg | $1.6M | $1.9M | 50x | |
| BloFin ATOM-USDT | +0.0090% | 8h | 1.7850 | −0.168% | $932K | $349K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0099% | 1h | 1.7920 | +0.224% | $654 | $290K | 12x | as long as short |
| Bybit ATOMUSDT | +0.0100% | 8h | 1.7840 | −0.224% | $15.0M | $10.1M | 75x | as long as short |
Kraken Futures PF_ATOMUSD
Hyperliquid ATOM
Deribit ATOM_USDC-PERPETUAL
Coinbase International ATOM-PERP-INTX
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
BloFin ATOM-USDT
Injective ATOM/USDC PERP
Bybit ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ATOMUSDT | +0.0100% | 8h | 1.7836 | −0.244% | $969K | $132K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.7851 | −0.165% | $21.3M | $31.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAPshort | +0.0100% | 8h | 1.7850 | −0.168% | $5.1M | $6.0M | 50x | |
| Gate ATOM_USDT | +0.0100% | 8h | 1.7870 | −0.056% | $2.4M | $702K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.7840 | −0.224% | $8.3M | $5.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.7870 | −0.056% | $1.5M | $658K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.7854 | −0.145% | $6.6M | $3.0M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.7850 | −0.168% | — | $7.3M | — | as long as short |
| Variational Omni ATOM | +0.0100% | 8h | 1.7882 | +0.009% | $568K | $84K | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7893 | +0.072% | $440K | $297K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7893 | +0.071% | $764K | $2.6M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7871 | −0.050% | $312K | $149K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.7846 | −0.191% | $7K | $275K | 10x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0197% / S −0.1340% | 1h | 1.7905 | +0.138% | $2K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7860 | −0.112% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
Gate ATOM_USDT
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
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP