Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.120%

Price spread now: Bitget against Deribit−0.022%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 Bitget

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. Bitget is 0.022% cheaper against Deribit than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ATOM_USDC-PERPETUAL	1.8111	−0.0081	get 0.0010% / 1h	37m 40s	$498	$10K	25x
Short	Bitget ATOMUSDT	1.8107	0.0100	get 0.0100% / 8h	37m 40s	$6.8M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.022%Rate

Funding earned: $38.01
Price spread: −0.022% → 0.000%: −$2.21
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $16.8
Costs to cover: 0.190%
Break-even: 3.9 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 6 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 Bitget live order book, 6 min ago	2.76 bp	15.7 bp −$16	37.4 bp −$374	112.1 bp −$11.2K	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	−0.0081%	1h	1.8111	long leg	$498	$10K	25x
OKX ATOM-USDT-SWAP	−0.0067%	8h	1.8100	−0.061%	$5.2M	$5.4M	50x	as long as short
Variational Omni ATOM	−0.0009%	8h	1.8113	+0.010%	$578K	$80K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8118	+0.037%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8117	+0.033%	$9K	—	150x	as long as short
Bybit ATOMUSDT	+0.0006%	8h	1.8090	−0.116%	$15.2M	$10.6M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0008%	1h	1.8150	+0.215%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0089%	8h	1.8130	+0.105%	$1.1M	$337K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8107	−0.022%	$2.8M	$853K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8111	+0.001%	$985K	$235K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.8111	+0.001%	$21.6M	$30.9M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8110	−0.006%	$2.5M	$845K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8100	−0.061%	$9.4M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8110	−0.006%	$1.6M	$831K	50x	as long as short
Bitget ATOMUSDTshort	+0.0100%	8h	1.8107	−0.022%	$6.8M	$2.8M	75x
BingX ATOM-USDT	+0.0100%	8h	1.8110	−0.006%	—	$24.8M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8113	+0.011%	$446K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8125	+0.077%	$776K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8102	−0.050%	$310K	$174K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8110	−0.006%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8108	−0.017%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8120	+0.050%	$661	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0203% / S −0.2202%	1h	1.8120	+0.052%	$4K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8106	−0.026%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0243%	1h	1.8135	+0.132%	$3.1M	$681K	50x	as long as short