Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1317%/8h= +144.2% APRpaid last 24h +0.108%

Price spread now: GMX against KuCoin−0.061%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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—needs both histories

Funding pays, the price is against you. GMX is 0.061% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$39 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATOMUSDTM	1.8170	0.0100	pay 0.0100% / 8h	2h 32m	$1.7M	$814K	50x
Short	GMX ATOM/USD [ETH-USDC]	1.8159	L +0.0198% / S −0.1417%	get 0.0177% / 1h	32m 59s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.061%Rate

Funding earned: $276.47
Price spread: −0.061% → 0.000%: −$6.11
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $246.36
Costs to cover: 0.240%
Break-even: 0.8 days

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	8.25 bp	25.1 bp −$25	121.8 bp −$1,218	doesn't fit	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 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	−0.0356%	1h	1.8153	−0.094%	$499	$10K	25x	as long as short
Bybit ATOMUSDT	−0.0056%	8h	1.8126	−0.242%	$15.3M	$10.4M	75x	as long as short
Variational Omni ATOM	−0.0054%	8h	1.8114	−0.306%	$580K	$18K	—	as long as short
OKX ATOM-USDT-SWAP	−0.0041%	8h	1.8120	−0.275%	$5.2M	$5.0M	50x	as long as short
Coinbase International ATOM-PERP-INTX	−0.0008%	1h	1.8190	+0.110%	$26K	$12K	25x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8190	+0.110%	$64K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8168	−0.011%	$9K	—	150x	as long as short
Bitget ATOMUSDT	+0.0078%	8h	1.8152	−0.099%	$6.7M	$2.7M	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8139	−0.171%	$2.8M	$926K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8164	−0.031%	$988K	$243K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.8150	−0.110%	$21.7M	$30.3M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8170	0.000%	$2.5M	$829K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8150	−0.110%	$9.1M	$2.9M	200x	as long as short
KuCoin ATOMUSDTMlong	+0.0100%	8h	1.8170	long leg	$1.7M	$814K	50x
BingX ATOM-USDT	+0.0100%	8h	1.8160	−0.055%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8160	−0.056%	$447K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8150	−0.110%	$771K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8165	−0.028%	$310K	$184K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8160	−0.055%	$1.6M	$1.8M	50x	as long as short
BloFin ATOM-USDT	+0.0102%	8h	1.8140	−0.165%	$1.1M	$326K	75x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8148	−0.123%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8190	+0.110%	$664	$174K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0198% / S −0.1417%	1h	1.8159	−0.061%	$3K	—	120x
Kraken Futures PF_ATOMUSD	+0.0203%	1h	1.8159	−0.060%	$3.1M	$668K	50x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8145	−0.137%	$2K	—	25x	as long as short