Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0237%/8h= +26.0% APRpaid last 24h +0.119%

Price spread now: BingX against Deribit−0.100%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 BingX

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. BingX is 0.100% cheaper against Deribit than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 34 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ATOM_USDC-PERPETUAL	1.8058	−0.0137	get 0.0017% / 1h	10m 38s	$496	$10K	25x
Short	BingX ATOM-USDT	1.8040	0.0100	get 0.0100% / 8h	6h 10m	—	$24.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $49.77
Price spread: −0.100% → 0.000%: −$9.97
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $22.8
Costs to cover: 0.170%
Break-even: 3.8 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago	5.53 bp	11.9 bp −$12	27.6 bp −$276	92.5 bp −$9,249	295.9 bp −$147.9K

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 24 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
Bybit ATOMUSDT	−0.0233%	8h	1.8025	−0.183%	$15.1M	$10.7M	75x	as long as short
Deribit ATOM_USDC-PERPETUALlong	−0.0137%	1h	1.8058	long leg	$496	$10K	25x
Variational Omni ATOM	−0.0113%	8h	1.8032	−0.145%	$576K	$76K	—	as long as short
OKX ATOM-USDT-SWAP	−0.0091%	8h	1.8020	−0.210%	$5.1M	$5.6M	50x	as long as short
Kraken Futures PF_ATOMUSD	−0.0010%	1h	1.8080	+0.119%	$3.1M	$702K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8066	+0.046%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8065	+0.040%	$1K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0024%	1h	1.7940	−0.653%	$25K	$7K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8043	−0.083%	$2.8M	$850K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8060	+0.012%	$979K	$245K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.8052	−0.031%	$21.4M	$31.1M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8040	−0.100%	$2.5M	$824K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8040	−0.100%	$8.5M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8060	+0.011%	$1.6M	$753K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8034	−0.133%	$6.8M	$2.9M	75x	as long as short
BingX ATOM-USDTshort	+0.0100%	8h	1.8040	−0.100%	—	$24.7M	—
edgeX ATOMUSDC	+0.0100%	4h	1.8048	−0.053%	$444K	$296K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8060	+0.011%	$772K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8055	−0.017%	$314K	$181K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8060	+0.011%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8052	−0.036%	$5K	$208K	10x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.8070	+0.066%	$659	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8056	−0.009%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8033	−0.137%	$2K	—	25x	as long as short