Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.049%

Price spread now: Reya against Aster−0.216%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.216% cheaper against Aster than usual: you would sell low and buy high (spread −0.216% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 5.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ATOMUSDT	1.8116	0.0100	pay 0.0100% / 8h	2h 17m	$986K	$243K	20x
Short	Reya ATOMRUSDPERP	1.8077	0.0228	get 0.0029% / 1h	17m 28s	$2K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee ReyabpOrdersPrice spread, now −0.216%Rate

Funding earned: $26.93
Price spread: −0.216% → 0.000%: −$21.64
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$8.71
Costs to cover: 0.140%
Break-even: 9.3 days

Slippage unknown: Aster: live order book, 6 min ago; Reya: no order-book sample. Net counts fees only.

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 Aster live order book, 6 min ago	13.76 bp	22.4 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
OKX ATOM-USDT-SWAP	−0.0053%	8h	1.8080	−0.201%	$5.2M	$5.1M	50x	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0026%	1h	1.8110	−0.035%	$498	$10K	25x	as long as short
Variational Omni ATOM	−0.0025%	8h	1.8134	+0.097%	$580K	$18K	—	as long as short
Bybit ATOMUSDT	−0.0012%	8h	1.8076	−0.223%	$15.2M	$10.4M	75x	as long as short
Coinbase International ATOM-PERP-INTX	−0.0008%	1h	1.8190	+0.407%	$26K	$12K	25x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8120	+0.020%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8088	−0.155%	$9K	—	150x	as long as short
BloFin ATOM-USDT	+0.0089%	8h	1.8110	−0.035%	$1.1M	$325K	75x	as long as short
Bitget ATOMUSDT	+0.0092%	8h	1.8105	−0.063%	$6.8M	$2.8M	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8087	−0.162%	$2.8M	$923K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ATOMUSDTlong	+0.0100%	8h	1.8116	long leg	$986K	$243K	20x
Binance ATOMUSDT	+0.0100%	8h	1.8100	−0.090%	$21.6M	$30.5M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8090	−0.145%	$2.5M	$833K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8110	−0.035%	$9.1M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8110	−0.035%	$1.6M	$824K	50x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8100	−0.090%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8124	+0.040%	$446K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8130	+0.077%	$773K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8099	−0.096%	$309K	$185K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8110	−0.035%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8107	−0.050%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8120	+0.020%	$661	$174K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0199% / S −0.1495%	1h	1.8100	−0.092%	$3K	—	120x	as long as short
Kraken Futures PF_ATOMUSD	+0.0203%	1h	1.8138	+0.119%	$3.1M	$670K	50x	as long as short
Reya ATOMRUSDPERPshort	+0.0228%	1h	1.8077	−0.216%	$2K	—	25x