Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.108%

Price spread now: Aster against Deribit−0.225%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Aster

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 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.225% cheaper against Deribit than usual: you would sell low and buy high (spread −0.225% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 2.2 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ATOM_USDC-PERPETUAL	1.8058	−0.0248	get 0.0031% / 1h	57m 13s	$496	$10K	25x
Short	Aster ATOMUSDT	1.8017	0.0100	get 0.0100% / 8h	1h 57m	$980K	$243K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.225%Rate

Funding earned: $73.08
Price spread: −0.225% → 0.000%: −$22.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $35.59
Costs to cover: 0.150%
Break-even: 3.6 days

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 26 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 26 min ago	13.76 bp	37.1 bp −$37	doesn't fit	doesn't fit	doesn't fit

Deribit: 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
Deribit ATOM_USDC-PERPETUALlong	−0.0248%	1h	1.8058	long leg	$496	$10K	25x
OKX ATOM-USDT-SWAP	−0.0068%	8h	1.8030	−0.155%	$5.2M	$5.1M	50x	as long as short
Variational Omni ATOM	−0.0016%	8h	1.8014	−0.243%	$576K	$18K	—	as long as short
Bybit ATOMUSDT	−0.0005%	8h	1.8040	−0.100%	$15.2M	$10.4M	75x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8038	−0.109%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8042	−0.087%	$9K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0032%	1h	1.8190	+0.731%	$26K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0094%	8h	1.8030	−0.155%	$1.1M	$324K	75x	as long as short
Kraken Futures PF_ATOMUSD	+0.0100%	1h	1.8071	+0.074%	$3.1M	$665K	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8025	−0.183%	$2.8M	$914K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ATOMUSDTshort	+0.0100%	8h	1.8017	−0.225%	$980K	$243K	20x
Binance ATOMUSDT	+0.0100%	8h	1.8057	−0.004%	$21.5M	$30.4M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8030	−0.155%	$2.5M	$827K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8040	−0.100%	$9.0M	$2.8M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8040	−0.100%	$1.6M	$824K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8039	−0.105%	$6.8M	$2.7M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8030	−0.155%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8032	−0.145%	$444K	$292K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8020	−0.210%	$769K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8054	−0.022%	$308K	$177K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8040	−0.100%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8037	−0.116%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8040	−0.100%	$658	$233K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0201% / S −0.1956%	1h	1.8046	−0.069%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8022	−0.198%	$2K	—	25x	as long as short