Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.010%

Price spread now: dYdX against Bybit+0.151%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.151% dearer against Bybit than usual: you sell high and buy low (spread +0.151% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATOMUSDT	1.8160	0.0016	pay 0.0016% / 8h	1h 39m	$15.3M	$10.4M	75x
Short	dYdX ATOM-USD	1.8187	0	get 0.0000% / 1h	39m 43s	$64K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now +0.151%Rate

Funding earned: −$3.27
Price spread: +0.151% → 0.000%: $15.12
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$9.15
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; dYdX: 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 Bybit live order book, 4 min ago	2.75 bp	13.5 bp −$13	29.0 bp −$290	92.0 bp −$9,202	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0073%	8h	1.8160	0.000%	$5.3M	$5.2M	50x	as long as short
Variational Omni ATOM	−0.0002%	8h	1.8193	+0.181%	$582K	$42K	—	as long as short
dYdX ATOM-USDshort	0.0000%	1h	1.8187	+0.151%	$64K	$4K	10x
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8185	+0.138%	$500	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8187	+0.147%	$9K	—	150x	as long as short
Bybit ATOMUSDTlong	+0.0016%	8h	1.8160	long leg	$15.3M	$10.4M	75x
Coinbase International ATOM-PERP-INTX	+0.0032%	1h	1.8150	−0.055%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0080%	8h	1.8220	+0.330%	$1.1M	$328K	75x	as long as short
Kraken Futures PF_ATOMUSD	+0.0099%	1h	1.8205	+0.248%	$3.1M	$674K	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8174	+0.077%	$2.8M	$910K	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	1.8175	+0.083%	$989K	$235K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8175	+0.085%	$21.8M	$30.6M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8180	+0.110%	$2.5M	$841K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8160	0.000%	$9.1M	$2.8M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8190	+0.165%	$1.6M	$836K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8163	+0.017%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8160	0.000%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8200	+0.220%	$448K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8170	+0.057%	$774K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8165	+0.028%	$311K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8180	+0.110%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8166	+0.036%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8240	+0.441%	$665	$233K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8192	+0.177%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8163	+0.016%	$2K	—	25x	as long as short