Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1317%/8h= +144.2% APRpaid last 24h +0.218%

Price spread now: GMX against GRVT−0.020%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on GMX

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. GMX is 0.020% cheaper against GRVT than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$39 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ATOM_USDT_Perp	1.8010	0.0100	pay 0.0100% / 8h	6h 32m	$770K	$2.9M	10x
Short	GMX ATOM/USD [ETH-USDC]	1.8007	L +0.0198% / S −0.1417%	get 0.0177% / 1h	32m 43s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against GRVT. 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 GRVTbpFee GMXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $276.47
Price spread: −0.020% → 0.000%: −$2.01
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $253.46
Costs to cover: 0.210%
Break-even: 0.6 days

Slippage unknown: GRVT: live order book, 1 min ago; GMX: 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 GRVT live order book, 1 min ago	5.56 bp	20.4 bp −$20	81.0 bp −$810	7075.6 bp −$707.6K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 24 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
Bybit ATOMUSDT	−0.0214%	8h	1.8030	+0.110%	$15.1M	$10.8M	75x	as long as short
Variational Omni ATOM	−0.0097%	8h	1.8002	−0.044%	$575K	$76K	—	as long as short
OKX ATOM-USDT-SWAP	−0.0094%	8h	1.8020	+0.054%	$5.1M	$5.7M	50x	as long as short
Kraken Futures PF_ATOMUSD	−0.0010%	1h	1.8018	+0.044%	$3.1M	$696K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8047	+0.205%	$63K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8012	+0.010%	$495	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8015	+0.028%	$12K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0024%	1h	1.7940	−0.390%	$25K	$11K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8026	+0.088%	$2.8M	$850K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8005	−0.029%	$976K	$245K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.8040	+0.165%	$21.4M	$31.8M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8020	+0.054%	$2.5M	$820K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8030	+0.110%	$8.5M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8040	+0.165%	$1.6M	$775K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8039	+0.160%	$6.8M	$2.9M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8000	−0.057%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8015	+0.025%	$443K	$295K	10x	as long as short
GRVT ATOM_USDT_Perplong	+0.0100%	8h	1.8010	long leg	$770K	$2.9M	10x
HTX ATOM-USDT	+0.0100%	8h	1.7990	−0.112%	$313K	$181K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8010	−0.001%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8005	−0.029%	$5K	$212K	10x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.8050	+0.221%	$658	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0198% / S −0.1417%	1h	1.8007	−0.020%	$3K	—	120x
Reya ATOMRUSDPERP	+0.0228%	1h	1.7985	−0.141%	$2K	—	25x	as long as short