Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.038%

Price spread now: Reya against Gate−0.029%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Reya

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.029% cheaper against Gate than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ATOM_USDT	1.8070	0.0100	pay 0.0100% / 8h	7h 20m	$2.5M	$852K	75x
Short	Reya ATOMRUSDPERP	1.8065	0.0228	get 0.0029% / 1h	20m 57s	$2K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.029%Rate

Funding earned: $26.93
Price spread: −0.029% → 0.000%: −$2.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $3.02
Costs to cover: 0.210%
Break-even: 6.2 days

Slippage unknown: Gate: live order book, 2 min ago; Reya: no order-book sample. 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 Gate live order book, 2 min ago	2.77 bp	33.5 bp −$33	109.4 bp −$1,094	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0137%	1h	1.8074	+0.022%	$497	$10K	25x	as long as short
Bybit ATOMUSDT	−0.0081%	8h	1.8059	−0.061%	$15.1M	$10.7M	75x	as long as short
OKX ATOM-USDT-SWAP	−0.0069%	8h	1.8070	0.000%	$5.1M	$5.5M	50x	as long as short
Variational Omni ATOM	−0.0062%	8h	1.8052	−0.099%	$577K	$79K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8099	+0.160%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8086	+0.090%	$1K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0080%	1h	1.8080	+0.055%	$25K	$12K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8065	−0.028%	$2.8M	$848K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8059	−0.060%	$982K	$226K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8075	+0.028%	$21.5M	$31.3M	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_USDTlong	+0.0100%	8h	1.8070	long leg	$2.5M	$852K	75x
MEXC ATOM_USDT	+0.0100%	8h	1.8060	−0.055%	$9.1M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8080	+0.055%	$1.6M	$793K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8078	+0.044%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8070	0.000%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8102	+0.177%	$445K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8100	+0.167%	$768K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8064	−0.033%	$310K	$168K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8070	0.000%	$1.6M	$1.9M	50x	as long as short
BloFin ATOM-USDT	+0.0101%	8h	1.8070	0.000%	$1.1M	$324K	75x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8074	+0.022%	$5K	$221K	10x	as long as short
Kraken Futures PF_ATOMUSD	+0.0121%	1h	1.8098	+0.153%	$3.1M	$695K	50x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8110	+0.221%	$661	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8079	+0.048%	$3K	—	120x	as long as short
Reya ATOMRUSDPERPshort	+0.0228%	1h	1.8065	−0.029%	$2K	—	25x