Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0412%/8h= +45.1% APRpaid last 24h +0.037%

Price spread now: Aster against Coinbase International−0.156%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.156% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.156% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 30 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ATOM-PERP-INTX	1.8040	−0.0312	get 0.0039% / 1h	6m 27s	$25K	$4K	25x
Short	Aster ATOMUSDT	1.8012	0.0100	get 0.0100% / 8h	4h 06m	$976K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.156%Rate

Funding earned: $86.52
Price spread: −0.156% → 0.000%: −$15.58
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $52.94
Costs to cover: 0.180%
Break-even: 2.7 days

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 52 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 52 min ago	13.89 bp	57.6 bp −$58	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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
Coinbase International ATOM-PERP-INTXlong	−0.0312%	1h	1.8040	long leg	$25K	$4K	25x
Deribit ATOM_USDC-PERPETUAL	−0.0193%	1h	1.8046	+0.033%	$496	$10K	25x	as long as short
Variational Omni ATOM	−0.0048%	8h	1.8042	+0.009%	$576K	$74K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8048	+0.044%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8044	+0.020%	$801	—	150x	as long as short
Bybit ATOMUSDT	+0.0016%	8h	1.8024	−0.089%	$14.9M	$9.8M	75x	as long as short
OKX ATOM-USDT-SWAP	+0.0034%	8h	1.8030	−0.055%	$5.0M	$5.5M	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8047	+0.039%	$2.8M	$697K	5x	as long as short
Aster ATOMUSDTshort	+0.0100%	8h	1.8012	−0.156%	$976K	$234K	20x
Binance ATOMUSDT	+0.0100%	8h	1.8033	−0.041%	$21.4M	$29.9M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ATOM_USDT	+0.0100%	8h	1.8040	0.000%	$2.5M	$813K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8030	−0.055%	$8.4M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8040	0.000%	$1.6M	$672K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8029	−0.061%	$6.8M	$2.6M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8040	0.000%	—	$24.4M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8050	+0.055%	$444K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8049	+0.052%	$763K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8043	+0.017%	$314K	$176K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8040	0.000%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8029	−0.059%	$7K	$196K	10x	as long as short
BloFin ATOM-USDT	+0.0108%	8h	1.8030	−0.055%	$1.1M	$298K	75x	as long as short
Injective ATOM/USDC PERP	+0.0116%	1h	1.8080	+0.222%	$660	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8052	+0.068%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8026	−0.076%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0357%	1h	1.8062	+0.121%	$3.1M	$704K	50x	as long as short