Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.122%

Price spread now: Deribit against HTX+0.132%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.132% dearer against HTX than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ATOM-USDT	1.8182	0.0100	pay 0.0100% / 8h	1h 00m	$311K	$179K	75x
Short	Deribit ATOM_USDC-PERPETUAL	1.8206	0	get 0.0000% / 1h	0m 36s	$500	$10K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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 HTXbpFee DeribitbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$21
Price spread: +0.132% → 0.000%: $13.2
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$26.8
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 16 min ago; Deribit: 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 HTX live order book, 16 min ago	22.07 bp	72.7 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
OKX ATOM-USDT-SWAP	−0.0097%	8h	1.8190	+0.044%	$5.2M	$5.4M	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8217	+0.194%	$64K	$3K	10x	as long as short
Deribit ATOM_USDC-PERPETUALshort	0.0000%	1h	1.8206	+0.132%	$500	$10K	25x
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8207	+0.137%	$9K	—	150x	as long as short
Variational Omni ATOM	+0.0004%	8h	1.8183	+0.003%	$580K	$81K	—	as long as short
Bybit ATOMUSDT	+0.0011%	8h	1.8200	+0.099%	$15.3M	$10.6M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0032%	1h	1.8150	−0.176%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0081%	8h	1.8210	+0.154%	$1.1M	$339K	75x	as long as short
Kraken Futures PF_ATOMUSD	+0.0099%	1h	1.8222	+0.219%	$3.1M	$675K	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8217	+0.192%	$2.8M	$862K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ATOMUSDT	+0.0100%	8h	1.8206	+0.129%	$991K	$235K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8223	+0.228%	$21.8M	$30.9M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8210	+0.154%	$2.5M	$849K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8210	+0.154%	$9.1M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8220	+0.209%	$1.6M	$835K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8213	+0.170%	$6.9M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8200	+0.099%	—	$24.8M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8211	+0.159%	$448K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8202	+0.108%	$769K	$2.9M	10x	as long as short
HTX ATOM-USDTlong	+0.0100%	8h	1.8182	long leg	$311K	$179K	75x
Phemex ATOMUSDT	+0.0100%	8h	1.8200	+0.099%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8216	+0.187%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8220	+0.209%	$665	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0203% / S −0.2202%	1h	1.8208	+0.142%	$4K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8188	+0.030%	$2K	—	25x	as long as short