Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.010%

Price spread now: GRVT against dYdX−0.150%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 GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.150% cheaper against dYdX than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5.0 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	1.8097	0	get 0.0000% / 1h	19m 18s	$63K	$4K	10x
Short	GRVT ATOM_USDT_Perp	1.8070	0.0100	get 0.0100% / 8h	7h 19m	$767K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.150%Rate

Funding earned: $21
Price spread: −0.150% → 0.000%: −$14.98
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$12.98
Costs to cover: 0.190%
Break-even: 11.3 days

Slippage unknown: dYdX: no order-book sample; GRVT: live order book, 4 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 GRVT live order book, 4 min ago	5.53 bp	25.5 bp −$25	71.1 bp −$711	doesn't fit	doesn't fit

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 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-PERPETUAL	−0.0192%	1h	1.8073	−0.133%	$497	$10K	25x	as long as short
Bybit ATOMUSDT	−0.0075%	8h	1.8063	−0.188%	$15.1M	$10.7M	75x	as long as short
OKX ATOM-USDT-SWAP	−0.0067%	8h	1.8050	−0.260%	$5.1M	$5.5M	50x	as long as short
Variational Omni ATOM	−0.0062%	8h	1.8052	−0.249%	$577K	$79K	—	as long as short
dYdX ATOM-USDlong	0.0000%	1h	1.8097	long leg	$63K	$4K	10x
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8086	−0.061%	$1K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0080%	1h	1.8080	−0.095%	$25K	$12K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8075	−0.122%	$2.8M	$848K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8070	−0.150%	$983K	$226K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8074	−0.126%	$21.5M	$31.3M	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	1.8080	−0.095%	$2.5M	$852K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8070	−0.150%	$9.1M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8090	−0.039%	$1.6M	$793K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8065	−0.177%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8080	−0.095%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8079	−0.100%	$445K	$295K	10x	as long as short
GRVT ATOM_USDT_Perpshort	+0.0100%	8h	1.8070	−0.150%	$767K	$2.9M	10x
HTX ATOM-USDT	+0.0100%	8h	1.8052	−0.249%	$310K	$174K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8080	−0.095%	$1.6M	$1.9M	50x	as long as short
BloFin ATOM-USDT	+0.0101%	8h	1.8070	−0.150%	$1.1M	$324K	75x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8075	−0.120%	$5K	$210K	10x	as long as short
Kraken Futures PF_ATOMUSD	+0.0122%	1h	1.8078	−0.105%	$3.1M	$695K	50x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8100	+0.016%	$660	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8086	−0.060%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8066	−0.169%	$2K	—	25x	as long as short