Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h +0.052%

Price spread now: OKX against Coinbase International+0.220%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on OKX

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—needs both histories

The price spread pays, funding is against you. OKX is 0.220% dearer against Coinbase International than usual: you sell high and buy low (spread +0.220% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ATOM-PERP-INTX	1.8150	0.0032	pay 0.0004% / 1h	40m 46s	$25K	$12K	25x
Short	OKX ATOM-USDT-SWAP	1.8190	−0.0075	pay 0.0075% / 8h	1h 40m	$5.3M	$5.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$22.48
Price spread: +0.220% → 0.000%: $22.04
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.44
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	2.75 bp	16.2 bp −$16	56.1 bp −$561	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
OKX ATOM-USDT-SWAPshort	−0.0075%	8h	1.8190	+0.220%	$5.3M	$5.2M	50x
Deribit ATOM_USDC-PERPETUAL	−0.0025%	1h	1.8197	+0.259%	$500	$10K	25x	as long as short
Variational Omni ATOM	−0.0003%	8h	1.8113	−0.202%	$590K	$30K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8207	+0.317%	$64K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8199	+0.268%	$9K	—	150x	as long as short
Bybit ATOMUSDT	+0.0018%	8h	1.8193	+0.237%	$15.3M	$10.4M	75x	as long as short
Coinbase International ATOM-PERP-INTXlong	+0.0032%	1h	1.8150	long leg	$25K	$12K	25x
BloFin ATOM-USDT	+0.0080%	8h	1.8220	+0.386%	$1.1M	$328K	75x	as long as short
Kraken Futures PF_ATOMUSD	+0.0099%	1h	1.8223	+0.404%	$3.1M	$674K	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8200	+0.275%	$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	1.8206	+0.308%	$991K	$235K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8209	+0.324%	$21.8M	$30.6M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8200	+0.275%	$2.5M	$841K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8210	+0.331%	$9.1M	$2.8M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8220	+0.386%	$1.6M	$835K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8200	+0.275%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8190	+0.220%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8200	+0.275%	$448K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8170	+0.112%	$774K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8215	+0.358%	$312K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8190	+0.220%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8206	+0.311%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8240	+0.496%	$665	$233K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8194	+0.243%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8193	+0.236%	$2K	—	25x	as long as short