Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: HTX against dYdX−0.125%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 HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 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. HTX is 0.125% cheaper against dYdX than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.2 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	1.8178	0	get 0.0000% / 1h	38m 00s	$64K	$4K	10x
Short	HTX ATOM-USDT	1.8155	0.0100	get 0.0100% / 8h	1h 38m	$311K	$179K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.125%Rate

Funding earned: $21
Price spread: −0.125% → 0.000%: −$12.47
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$13.47
Costs to cover: 0.220%
Break-even: 11.5 days

Slippage unknown: dYdX: no order-book sample; HTX: live order book, 44 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 HTX live order book, 44 min ago	22.61 bp	30.2 bp −$30	doesn't fit	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	−0.0245%	1h	1.8164	−0.075%	$499	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0078%	8h	1.8140	−0.207%	$5.3M	$5.2M	50x	as long as short
Variational Omni ATOM	−0.0002%	8h	1.8193	+0.084%	$582K	$42K	—	as long as short
dYdX ATOM-USDlong	0.0000%	1h	1.8178	long leg	$64K	$4K	10x
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8167	−0.060%	$9K	—	150x	as long as short
Bybit ATOMUSDT	+0.0012%	8h	1.8148	−0.163%	$15.3M	$10.4M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0032%	1h	1.8150	−0.152%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0087%	8h	1.8170	−0.042%	$1.1M	$327K	75x	as long as short
Kraken Futures PF_ATOMUSD	+0.0099%	1h	1.8191	+0.075%	$3.1M	$674K	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8156	−0.119%	$2.8M	$910K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ATOMUSDT	+0.0100%	8h	1.8151	−0.149%	$988K	$235K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8160	−0.097%	$21.8M	$30.7M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8160	−0.097%	$2.5M	$841K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8150	−0.152%	$9.1M	$2.8M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8180	+0.013%	$1.6M	$836K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8148	−0.163%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8160	−0.097%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8205	+0.150%	$448K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8200	+0.121%	$775K	$3.0M	10x	as long as short
HTX ATOM-USDTshort	+0.0100%	8h	1.8155	−0.125%	$311K	$179K	75x
Phemex ATOMUSDT	+0.0100%	8h	1.8150	−0.152%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8167	−0.061%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8240	+0.343%	$665	$233K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0203% / S −0.2202%	1h	1.8169	−0.046%	$4K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8154	−0.129%	$2K	—	25x	as long as short