Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1436%/8h= +157.3% APRpaid last 24h +0.247%

Price spread now: GMX against OKX+0.107%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 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

Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and GMX is 0.107% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ATOM-USDT-SWAP	1.8060	−0.0020	get 0.0020% / 8h	4h 53m	$5.1M	$5.5M	50x
Short	GMX ATOM/USD [ETH-USDC]	1.8079	L +0.0198% / S −0.1417%	get 0.0177% / 1h	53m 01s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $301.66
Price spread: +0.107% → 0.000%: $10.65
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $290.32
Costs to cover: 0.220%
Break-even: 0.3 days

Slippage unknown: OKX: 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 OKX live order book, 5 min ago	2.78 bp	15.9 bp −$16	47.6 bp −$476	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
Coinbase International ATOM-PERP-INTX	−0.0312%	1h	1.7940	−0.664%	$25K	$4K	25x	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0192%	1h	1.8073	+0.072%	$497	$10K	25x	as long as short
Variational Omni ATOM	−0.0068%	8h	1.8102	+0.233%	$577K	$74K	—	as long as short
Bybit ATOMUSDT	−0.0041%	8h	1.8060	0.000%	$15.0M	$9.8M	75x	as long as short
OKX ATOM-USDT-SWAPlong	−0.0020%	8h	1.8060	long leg	$5.1M	$5.5M	50x
dYdX ATOM-USD	0.0000%	1h	1.8087	+0.148%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8076	+0.089%	$803	—	150x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8068	+0.044%	$2.8M	$727K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8080	+0.111%	$980K	$234K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8070	+0.055%	$21.5M	$29.7M	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	1.8090	+0.166%	$2.5M	$807K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8060	0.000%	$8.5M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8080	+0.111%	$1.6M	$672K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8065	+0.028%	$6.8M	$2.6M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8070	+0.055%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8086	+0.143%	$445K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8024	−0.198%	$761K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8081	+0.116%	$315K	$175K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8070	+0.055%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8066	+0.032%	$5K	$204K	10x	as long as short
Injective ATOM/USDC PERP	+0.0116%	1h	1.8110	+0.277%	$661	$290K	12x	as long as short
BloFin ATOM-USDT	+0.0129%	8h	1.8070	+0.055%	$1.1M	$298K	75x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0198% / S −0.1417%	1h	1.8079	+0.107%	$3K	—	120x
Reya ATOMRUSDPERP	+0.0228%	1h	1.8065	+0.029%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0356%	1h	1.8089	+0.161%	$3.1M	$712K	50x	as long as short