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: BingX against gTrade (Gains Network)−0.048%46s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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. BingX is 0.048% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ATOM/USD	1.8199	L 0.0000% / S +0.0001%	pay 0.0000% / 1h	40m 29s	$9K	—	150x
Short	BingX ATOM-USDT	1.8190	0.0100	get 0.0100% / 8h	1h 40m	—	$24.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $20.99
Price spread: −0.048% → 0.000%: −$4.78
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$3.79
Costs to cover: 0.200%
Break-even: 8.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 13 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 13 min ago	5.53 bp	15.1 bp −$15	27.6 bp −$276	82.4 bp −$8,243	306.8 bp −$153.4K

gTrade (Gains Network): 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
OKX ATOM-USDT-SWAP	−0.0075%	8h	1.8150	−0.268%	$5.3M	$5.2M	50x	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0025%	1h	1.8197	−0.009%	$500	$10K	25x	as long as short
Variational Omni ATOM	−0.0003%	8h	1.8113	−0.469%	$590K	$30K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8207	+0.048%	$64K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USDlong	L 0.0000% / S +0.0001%	1h	1.8199	long leg	$9K	—	150x
Bybit ATOMUSDT	+0.0018%	8h	1.8160	−0.213%	$15.3M	$10.4M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0032%	1h	1.8150	−0.268%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0080%	8h	1.8220	+0.117%	$1.1M	$328K	75x	as long as short
Kraken Futures PF_ATOMUSD	+0.0099%	1h	1.8223	+0.135%	$3.1M	$674K	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8168	−0.169%	$2.8M	$912K	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	1.8201	+0.013%	$990K	$235K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8177	−0.117%	$21.8M	$30.6M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8200	+0.007%	$2.5M	$841K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8210	+0.062%	$9.1M	$2.8M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8220	+0.117%	$1.6M	$835K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8165	−0.185%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDTshort	+0.0100%	8h	1.8190	−0.048%	—	$24.7M	—
edgeX ATOMUSDC	+0.0100%	4h	1.8200	+0.007%	$448K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8170	−0.156%	$774K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8215	+0.090%	$312K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8190	−0.048%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8206	+0.042%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8240	+0.227%	$665	$233K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8194	−0.026%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8163	−0.196%	$2K	—	25x	as long as short