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 MEXC+0.013%7-day average — · you sell dearer than you buy

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

Long on MEXC 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$39 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ATOM_USDT	1.8050	0.0100	pay 0.0100% / 8h	2h 48m	$9.0M	$2.9M	200x
Short	GMX ATOM/USD [ETH-USDC]	1.8052	L +0.0198% / S −0.1417%	get 0.0177% / 1h	48m 08s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $276.47
Price spread: +0.013% → 0.000%: $1.33
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $265.8
Costs to cover: 0.120%
Break-even: 0.3 days

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	5.54 bp	7.2 bp −$7	15.2 bp −$152	81.6 bp −$8,157	157.2 bp −$78.6K
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	−0.0248%	1h	1.8048	−0.011%	$496	$10K	25x	as long as short
Bybit ATOMUSDT	−0.0097%	8h	1.8030	−0.111%	$15.2M	$10.5M	75x	as long as short
Variational Omni ATOM	−0.0064%	8h	1.8015	−0.193%	$576K	$18K	—	as long as short
OKX ATOM-USDT-SWAP	−0.0016%	8h	1.8010	−0.222%	$5.2M	$5.0M	50x	as long as short
Coinbase International ATOM-PERP-INTX	−0.0008%	1h	1.8020	−0.166%	$25K	$11K	25x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8043	−0.039%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8049	−0.003%	$9K	—	150x	as long as short
Bitget ATOMUSDT	+0.0068%	8h	1.8038	−0.066%	$6.6M	$2.6M	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8043	−0.039%	$2.8M	$982K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8054	+0.020%	$982K	$238K	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	1.8045	−0.028%	$21.5M	$30.1M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8030	−0.111%	$2.5M	$828K	75x	as long as short
MEXC ATOM_USDTlong	+0.0100%	8h	1.8050	long leg	$9.0M	$2.9M	200x
KuCoin ATOMUSDTM	+0.0100%	8h	1.8040	−0.055%	$1.6M	$801K	50x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8040	−0.055%	—	$25.0M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8046	−0.020%	$444K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8020	−0.166%	$761K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7984	−0.366%	$306K	$183K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8050	0.000%	$1.6M	$1.8M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8048	−0.010%	$6K	$184K	10x	as long as short
BloFin ATOM-USDT	+0.0118%	8h	1.8020	−0.166%	$1.1M	$324K	75x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8060	+0.055%	$659	$117K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0198% / S −0.1417%	1h	1.8052	+0.013%	$3K	—	120x
Kraken Futures PF_ATOMUSD	+0.0204%	1h	1.8065	+0.083%	$3.1M	$672K	50x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8027	−0.129%	$2K	—	25x	as long as short