Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.120%

Price spread now: Deribit against OKX+0.050%7-day average — · you sell dearer than you buy

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

Long on OKX 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 0.050% dearer against OKX than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ATOM-USDT-SWAP	1.8070	−0.0070	get 0.0070% / 8h	33m 40s	$5.2M	$5.4M	50x
Short	Deribit ATOM_USDC-PERPETUAL	1.8079	−0.0192	pay 0.0024% / 1h	33m 40s	$497	$10K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$25.64
Price spread: +0.050% → 0.000%: $4.98
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	2.76 bp	12.3 bp −$12	49.4 bp −$494	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
Deribit ATOM_USDC-PERPETUALshort	−0.0192%	1h	1.8079	+0.050%	$497	$10K	25x
OKX ATOM-USDT-SWAPlong	−0.0070%	8h	1.8070	long leg	$5.2M	$5.4M	50x
Variational Omni ATOM	−0.0006%	8h	1.8073	+0.016%	$578K	$80K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8087	+0.094%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8087	+0.096%	$9K	—	150x	as long as short
Bybit ATOMUSDT	+0.0004%	8h	1.8060	−0.055%	$15.1M	$10.6M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0008%	1h	1.8150	+0.443%	$25K	$12K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8076	+0.033%	$2.8M	$853K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8087	+0.094%	$984K	$235K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8080	+0.055%	$21.5M	$30.9M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ATOM_USDT	+0.0100%	8h	1.8080	+0.055%	$2.5M	$845K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8070	0.000%	$9.2M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8080	+0.055%	$1.6M	$833K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8073	+0.017%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8080	+0.055%	—	$24.8M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8101	+0.173%	$445K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8106	+0.202%	$775K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8075	+0.028%	$309K	$174K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8080	+0.055%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8077	+0.036%	$6K	$184K	10x	as long as short
BloFin ATOM-USDT	+0.0127%	8h	1.8110	+0.221%	$1.1M	$336K	75x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8110	+0.221%	$661	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0203% / S −0.2202%	1h	1.8085	+0.082%	$4K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8066	−0.020%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0244%	1h	1.8098	+0.155%	$3.1M	$681K	50x	as long as short