Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.031%

Price spread now: Aster against GMX−0.051%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.051% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ATOM/USD [ETH-USDC]	1.8120	L +0.0203% / S −0.2202%	pay 0.0025% / 1h	37m 35s	$4K	—	120x
Short	Aster ATOMUSDT	1.8111	0.0100	get 0.0100% / 8h	37m 35s	$985K	$235K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$21.59
Price spread: −0.051% → 0.000%: −$5.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$46.72
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 40 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 40 min ago	13.78 bp	37.1 bp −$37	doesn't fit	doesn't fit	doesn't fit

GMX: 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	−0.0081%	1h	1.8111	−0.052%	$498	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0067%	8h	1.8100	−0.113%	$5.2M	$5.4M	50x	as long as short
Variational Omni ATOM	−0.0009%	8h	1.8113	−0.043%	$578K	$80K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8118	−0.016%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8117	−0.019%	$9K	—	150x	as long as short
Bybit ATOMUSDT	+0.0006%	8h	1.8090	−0.168%	$15.2M	$10.6M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0008%	1h	1.8150	+0.163%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0089%	8h	1.8130	+0.053%	$1.1M	$337K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8107	−0.074%	$2.8M	$853K	5x	as long as short
Aster ATOMUSDTshort	+0.0100%	8h	1.8111	−0.051%	$985K	$235K	20x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.8111	−0.051%	$21.6M	$30.9M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8110	−0.058%	$2.5M	$845K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8100	−0.113%	$9.4M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8110	−0.058%	$1.6M	$831K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8107	−0.074%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8110	−0.058%	—	$24.8M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8113	−0.042%	$446K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8125	+0.025%	$776K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8102	−0.102%	$310K	$174K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8110	−0.058%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8108	−0.069%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8120	−0.003%	$661	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]long	L +0.0203% / S −0.2202%	1h	1.8120	long leg	$4K	—	120x
Reya ATOMRUSDPERP	+0.0228%	1h	1.8106	−0.078%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0243%	1h	1.8135	+0.080%	$3.1M	$681K	50x	as long as short