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: edgeX against gTrade (Gains Network)−0.040%68s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.040% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day). The two prices were read 68 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	1.8156	L 0.0000% / S +0.0001%	pay 0.0000% / 1h	11m 57s	$9K	—	150x
Short	edgeX ATOMUSDC	1.8149	0.0100	get 0.0050% / 4h	1h 11m	$447K	$295K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $20.99
Price spread: −0.040% → 0.000%: −$3.98
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$1.99
Costs to cover: 0.190%
Break-even: 7.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 7 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 edgeX live order book, 7 min ago	11.02 bp	18.0 bp −$18	105.4 bp −$1,054	doesn't fit	doesn't fit

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
Deribit ATOM_USDC-PERPETUAL	−0.0300%	1h	1.8158	+0.008%	$499	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0091%	8h	1.8140	−0.091%	$5.2M	$5.3M	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8161	+0.022%	$63K	$3K	10x	as long as short
gTrade (Gains Network) ATOM/USDlong	L 0.0000% / S +0.0001%	1h	1.8156	long leg	$9K	—	150x
Variational Omni ATOM	+0.0005%	8h	1.8143	−0.076%	$589K	$71K	—	as long as short
Bybit ATOMUSDT	+0.0021%	8h	1.8147	−0.052%	$15.2M	$10.6M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0032%	1h	1.8150	−0.036%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0086%	8h	1.8180	+0.129%	$1.1M	$338K	75x	as long as short
Kraken Futures PF_ATOMUSD	+0.0099%	1h	1.8174	+0.094%	$3.1M	$678K	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8154	−0.014%	$2.8M	$911K	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	1.8160	+0.019%	$988K	$235K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8166	+0.053%	$21.7M	$30.8M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8150	−0.036%	$2.5M	$846K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8150	−0.036%	$9.1M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8160	+0.019%	$1.6M	$842K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8158	+0.008%	$6.9M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8150	−0.036%	—	$24.7M	—	as long as short
edgeX ATOMUSDCshort	+0.0100%	4h	1.8149	−0.040%	$447K	$295K	10x
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8150	−0.036%	$767K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8155	−0.008%	$311K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8150	−0.036%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8157	+0.001%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8180	+0.129%	$663	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0203% / S −0.2202%	1h	1.8162	+0.032%	$4K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8145	−0.064%	$2K	—	25x	as long as short