Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: GRVT against gTrade (Gains Network)−0.551%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 GRVT

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 airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.551% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.551% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$55 on $10k: about 18 days 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	1.8066	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	30m 01s	$802	—	150x
Short	GRVT ATOM_USDT_Perp	1.7967	0.0100	get 0.0100% / 8h	4h 30m	$766K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.551%Rate

Funding earned: $20.88
Price spread: −0.551% → 0.000%: −$55.12
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$53.24
Costs to cover: 0.190%
Break-even: 24.8 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GRVT live order book, 4 min ago	8.33 bp	28.2 bp −$28	85.3 bp −$853	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
Coinbase International ATOM-PERP-INTX	−0.0312%	1h	1.8040	−0.146%	$25K	$4K	25x	as long as short
Variational Omni ATOM	−0.0064%	8h	1.8042	−0.135%	$576K	$74K	—	as long as short
Bybit ATOMUSDT	−0.0008%	8h	1.8076	+0.054%	$15.0M	$9.8M	75x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8067	+0.002%	$63K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8073	+0.037%	$497	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USDlong	L +0.0001% / S +0.0001%	1h	1.8066	long leg	$802	—	150x
OKX ATOM-USDT-SWAP	+0.0008%	8h	1.8080	+0.076%	$5.0M	$5.5M	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8091	+0.137%	$2.8M	$751K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8055	−0.063%	$979K	$234K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8089	+0.127%	$21.5M	$29.8M	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	1.8070	+0.020%	$2.5M	$811K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8080	+0.076%	$8.5M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8100	+0.187%	$1.6M	$670K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8080	+0.076%	$6.8M	$2.6M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8090	+0.131%	—	$24.4M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.7956	−0.612%	$442K	$296K	10x	as long as short
GRVT ATOM_USDT_Perpshort	+0.0100%	8h	1.7967	−0.551%	$766K	$2.7M	10x
HTX ATOM-USDT	+0.0100%	8h	1.8044	−0.123%	$314K	$176K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8080	+0.076%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8079	+0.068%	$7K	$202K	10x	as long as short
Injective ATOM/USDC PERP	+0.0116%	1h	1.8020	−0.256%	$657	$290K	12x	as long as short
BloFin ATOM-USDT	+0.0129%	8h	1.8070	+0.020%	$1.1M	$299K	75x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8066	−0.004%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8054	−0.069%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0356%	1h	1.8092	+0.141%	$3.1M	$708K	50x	as long as short