Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.011%

Price spread now: OKX against gTrade (Gains Network)−0.143%7-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 OKX

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. OKX is 0.143% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 4.8 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	gTrade (Gains Network) ATOM/USD	1.7645	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	23m 45s	$784	—	150x
Short	OKX ATOM-USDT-SWAP	1.7620	0.0100	get 0.0100% / 8h	2h 23m	$4.9M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.143%Rate

Funding earned: $20.88
Price spread: −0.143% → 0.000%: −$14.28
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$13.4
Costs to cover: 0.200%
Break-even: 11.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: 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 OKX live order book, 4 min ago	2.85 bp	13.9 bp −$14	53.9 bp −$539	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
dYdX ATOM-USD	0.0000%	1h	1.7647	+0.009%	$62K	$5K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.7661	+0.090%	$486	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USDlong	L +0.0001% / S +0.0001%	1h	1.7645	long leg	$784	—	150x
Coinbase International ATOM-PERP-INTX	+0.0008%	1h	1.7700	+0.311%	$24K	$4K	25x	as long as short
Variational Omni ATOM	+0.0035%	8h	1.7582	−0.358%	$558K	$78K	—	as long as short
BloFin ATOM-USDT	+0.0089%	8h	1.7630	−0.086%	$1.1M	$351K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7635	−0.058%	$2.7M	$735K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7619	−0.148%	$957K	$202K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7646	+0.004%	$21.1M	$32.8M	75x	as long as short
Bybit ATOMUSDT	+0.0100%	8h	1.7638	−0.041%	$14.5M	$10.3M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ATOM-USDT-SWAPshort	+0.0100%	8h	1.7620	−0.143%	$4.9M	$5.8M	50x
Gate ATOM_USDT	+0.0100%	8h	1.7640	−0.029%	$2.4M	$857K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7630	−0.086%	$8.4M	$5.2M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.7650	+0.027%	$1.5M	$718K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7639	−0.035%	$6.6M	$3.1M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7630	−0.086%	—	$24.4M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.7591	−0.306%	$433K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.7650	+0.027%	$753K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7621	−0.137%	$307K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.7650	+0.027%	$1.5M	$2.0M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7646	+0.007%	$32K	$258K	10x	as long as short
Injective ATOM/USDC PERP	+0.0110%	1h	1.7600	−0.256%	$642	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0197% / S −0.1340%	1h	1.7649	+0.021%	$2K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7636	−0.053%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0558%	1h	1.7671	+0.146%	$2.9M	$858K	50x	as long as short