Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1317%/8h= +144.2% APRpaid last 24h +0.131%

Price spread now: GMX against Bitget−0.022%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on GMX

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—needs both histories

Funding pays, the price is against you. GMX is 0.022% cheaper against Bitget than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$39 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ATOMUSDT	1.8198	0.0100	pay 0.0100% / 8h	1h 41m	$6.8M	$2.8M	75x
Short	GMX ATOM/USD [ETH-USDC]	1.8194	L +0.0198% / S −0.1417%	get 0.0177% / 1h	41m 05s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $276.47
Price spread: −0.022% → 0.000%: −$2.18
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $250.29
Costs to cover: 0.240%
Break-even: 0.7 days

Slippage unknown: Bitget: live order book, 2 min ago; GMX: 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 Bitget live order book, 2 min ago	1.92 bp	14.3 bp −$14	19.9 bp −$199	145.1 bp −$14.5K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0075%	8h	1.8190	−0.044%	$5.3M	$5.2M	50x	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0025%	1h	1.8197	−0.005%	$500	$10K	25x	as long as short
Variational Omni ATOM	−0.0003%	8h	1.8113	−0.466%	$590K	$30K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8210	+0.065%	$64K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8199	+0.004%	$9K	—	150x	as long as short
Bybit ATOMUSDT	+0.0018%	8h	1.8200	+0.011%	$15.3M	$10.4M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0032%	1h	1.8150	−0.264%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0080%	8h	1.8220	+0.121%	$1.1M	$328K	75x	as long as short
Kraken Futures PF_ATOMUSD	+0.0099%	1h	1.8223	+0.139%	$3.1M	$674K	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8199	+0.005%	$2.8M	$912K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ATOMUSDT	+0.0100%	8h	1.8198	+0.001%	$990K	$235K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8200	+0.011%	$21.7M	$30.6M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8200	+0.011%	$2.5M	$841K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8200	+0.011%	$9.1M	$2.8M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8210	+0.066%	$1.6M	$834K	50x	as long as short
Bitget ATOMUSDTlong	+0.0100%	8h	1.8198	long leg	$6.8M	$2.8M	75x
BingX ATOM-USDT	+0.0100%	8h	1.8190	−0.044%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8200	+0.011%	$448K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8170	−0.152%	$774K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8215	+0.093%	$312K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8190	−0.044%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8201	+0.014%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8240	+0.231%	$665	$233K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0198% / S −0.1417%	1h	1.8194	−0.022%	$3K	—	120x
Reya ATOMRUSDPERP	+0.0228%	1h	1.8193	−0.028%	$2K	—	25x	as long as short