Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: BingX against dYdX−0.261%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

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 0.261% cheaper against dYdX than usual: you would sell low and buy high (spread −0.261% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 8.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ATOM-USD	1.8047	0	get 0.0000% / 1h	33m 03s	$63K	$4K	10x
Short	BingX ATOM-USDT	1.8000	0.0100	get 0.0100% / 8h	6h 33m	—	$24.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.261%Rate

Funding earned: $21
Price spread: −0.261% → 0.000%: −$26.11
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$25.11
Costs to cover: 0.200%
Break-even: 15.4 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 11 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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 11 min ago	2.77 bp	7.8 bp −$8	20.5 bp −$205	74.8 bp −$7,476	293.0 bp −$146.5K

dYdX: 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	−0.0231%	8h	1.7992	−0.305%	$15.0M	$10.8M	75x	as long as short
Variational Omni ATOM	−0.0097%	8h	1.8002	−0.249%	$575K	$76K	—	as long as short
OKX ATOM-USDT-SWAP	−0.0096%	8h	1.7990	−0.316%	$5.1M	$5.7M	50x	as long as short
Kraken Futures PF_ATOMUSD	−0.0010%	1h	1.8018	−0.161%	$3.1M	$696K	50x	as long as short
dYdX ATOM-USDlong	0.0000%	1h	1.8047	long leg	$63K	$4K	10x
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8012	−0.195%	$495	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8015	−0.176%	$12K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0024%	1h	1.7940	−0.594%	$25K	$11K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7997	−0.278%	$2.8M	$850K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8006	−0.227%	$976K	$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	1.8010	−0.206%	$21.3M	$31.8M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8020	−0.150%	$2.5M	$820K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8000	−0.261%	$8.5M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8030	−0.095%	$1.6M	$775K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7999	−0.267%	$6.8M	$2.9M	75x	as long as short
BingX ATOM-USDTshort	+0.0100%	8h	1.8000	−0.261%	—	$24.7M	—
edgeX ATOMUSDC	+0.0100%	4h	1.8015	−0.179%	$443K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8010	−0.204%	$770K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7990	−0.316%	$313K	$181K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8010	−0.206%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7995	−0.288%	$5K	$212K	10x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.8050	+0.016%	$658	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8007	−0.225%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7985	−0.346%	$2K	—	25x	as long as short