Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.084%

Price spread now: OKX against Deribit−0.072%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 OKX

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. OKX is 0.072% cheaper against Deribit than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 33 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	1.8073	−0.0192	get 0.0024% / 1h	52m 55s	$497	$10K	25x
Short	OKX ATOM-USDT-SWAP	1.8060	−0.0020	pay 0.0020% / 8h	4h 52m	$5.1M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.072%Rate

Funding earned: $36.12
Price spread: −0.072% → 0.000%: −$7.19
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $11.93
Costs to cover: 0.170%
Break-even: 4.7 days

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	2.78 bp	12.6 bp −$13	42.9 bp −$429	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
Coinbase International ATOM-PERP-INTX	−0.0312%	1h	1.7940	−0.736%	$25K	$4K	25x	as long as short
Deribit ATOM_USDC-PERPETUALlong	−0.0192%	1h	1.8073	long leg	$497	$10K	25x
Variational Omni ATOM	−0.0068%	8h	1.8102	+0.161%	$577K	$74K	—	as long as short
Bybit ATOMUSDT	−0.0041%	8h	1.8059	−0.077%	$15.0M	$9.8M	75x	as long as short
OKX ATOM-USDT-SWAPshort	−0.0020%	8h	1.8060	−0.072%	$5.1M	$5.5M	50x
dYdX ATOM-USD	0.0000%	1h	1.8087	+0.076%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8076	+0.017%	$803	—	150x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8068	−0.028%	$2.8M	$727K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8080	+0.039%	$980K	$234K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8065	−0.042%	$21.5M	$29.7M	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	1.8090	+0.094%	$2.5M	$807K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8060	−0.072%	$8.5M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8080	+0.039%	$1.6M	$672K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8066	−0.039%	$6.8M	$2.6M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8070	−0.017%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8086	+0.071%	$445K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8024	−0.269%	$761K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8081	+0.044%	$315K	$175K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8070	−0.017%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8063	−0.054%	$5K	$204K	10x	as long as short
Injective ATOM/USDC PERP	+0.0116%	1h	1.8110	+0.205%	$661	$290K	12x	as long as short
BloFin ATOM-USDT	+0.0129%	8h	1.8070	−0.017%	$1.1M	$298K	75x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8079	+0.035%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8065	−0.043%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0356%	1h	1.8089	+0.089%	$3.1M	$712K	50x	as long as short