Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.050%

Price spread now: Coinbase International against OKX−0.111%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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. Coinbase International is 0.111% cheaper against OKX than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ATOM-USDT-SWAP	1.8080	−0.0032	get 0.0032% / 8h	2h 39m	$5.2M	$5.0M	50x
Short	Coinbase International ATOM-PERP-INTX	1.8060	−0.0008	pay 0.0001% / 1h	39m 54s	$25K	$11K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.111%Rate

Funding earned: $5.05
Price spread: −0.111% → 0.000%: −$11.06
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.01
Costs to cover: 0.200%
Break-even: 43.0 days

Slippage unknown: OKX: live order book, 3 min ago; Coinbase International: 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 OKX live order book, 3 min ago	2.77 bp	15.2 bp −$15	55.7 bp −$557	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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	−0.0136%	1h	1.8109	+0.160%	$498	$10K	25x	as long as short
Bybit ATOMUSDT	−0.0078%	8h	1.8091	+0.061%	$15.2M	$10.4M	75x	as long as short
Variational Omni ATOM	−0.0062%	8h	1.8075	−0.027%	$577K	$18K	—	as long as short
OKX ATOM-USDT-SWAPlong	−0.0032%	8h	1.8080	long leg	$5.2M	$5.0M	50x
Coinbase International ATOM-PERP-INTXshort	−0.0008%	1h	1.8060	−0.111%	$25K	$11K	25x
dYdX ATOM-USD	0.0000%	1h	1.8090	+0.055%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8108	+0.157%	$9K	—	150x	as long as short
Bitget ATOMUSDT	+0.0069%	8h	1.8089	+0.050%	$6.6M	$2.6M	75x	as long as short
BloFin ATOM-USDT	+0.0077%	8h	1.8090	+0.055%	$1.1M	$325K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8100	+0.111%	$2.8M	$925K	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	1.8094	+0.075%	$985K	$238K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8103	+0.127%	$21.6M	$30.1M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8090	+0.055%	$2.5M	$828K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8090	+0.055%	$9.1M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8110	+0.166%	$1.6M	$803K	50x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8090	+0.055%	—	$25.0M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8062	−0.102%	$444K	$297K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8060	−0.111%	$765K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8084	+0.022%	$308K	$183K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8100	+0.111%	$1.6M	$1.8M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8105	+0.141%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8100	+0.111%	$660	$117K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8111	+0.174%	$3K	—	120x	as long as short
Kraken Futures PF_ATOMUSD	+0.0203%	1h	1.8119	+0.213%	$3.1M	$669K	50x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8085	+0.030%	$2K	—	25x	as long as short