Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.058%

Price spread now: Reya against OKX−0.100%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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.100% cheaper against OKX than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ATOM-USDT-SWAP	1.7700	0.0100	pay 0.0100% / 8h	1h 39m	$5.0M	$6.0M	50x
Short	Reya ATOMRUSDPERP	1.7682	0.0228	get 0.0029% / 1h	39m 07s	$2K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.100%Rate

Funding earned: $26.93
Price spread: −0.100% → 0.000%: −$10.05
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $0.88
Costs to cover: 0.160%
Break-even: 6.8 days

Slippage unknown: OKX: live order book, 4 min ago; Reya: 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	2.83 bp	17.5 bp −$18	56.0 bp −$560	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Kraken Futures PF_ATOMUSD	−0.0007%	1h	1.7729	+0.162%	$2.9M	$865K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.7716	+0.093%	$62K	$5K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.7714	+0.079%	$487	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.7696	−0.024%	$786	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0064%	1h	1.7700	0.000%	$24K	$4K	25x	as long as short
Variational Omni ATOM	+0.0083%	8h	1.7682	−0.102%	$561K	$84K	—	as long as short
BloFin ATOM-USDT	+0.0087%	8h	1.7710	+0.056%	$927K	$354K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7688	−0.068%	$3.0M	$939K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7690	−0.056%	$961K	$183K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7710	+0.056%	$21.2M	$33.5M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ATOMUSDT	+0.0100%	8h	1.7700	0.000%	$14.7M	$10.6M	75x	as long as short
OKX ATOM-USDT-SWAPlong	+0.0100%	8h	1.7700	long leg	$5.0M	$6.0M	50x
Gate ATOM_USDT	+0.0100%	8h	1.7700	0.000%	$2.4M	$861K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7700	0.000%	$8.4M	$5.2M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.7710	+0.056%	$1.5M	$727K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7700	0.000%	$6.6M	$3.4M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7690	−0.056%	—	$3.9M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.7696	−0.022%	$435K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.7700	0.000%	$748K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7695	−0.028%	$309K	$180K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.7700	0.000%	$1.5M	$2.0M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7705	+0.031%	$7K	$274K	10x	as long as short
Injective ATOM/USDC PERP	+0.0118%	1h	1.7700	0.000%	$646	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0197% / S −0.1340%	1h	1.7707	+0.037%	$2K	—	120x	as long as short
Reya ATOMRUSDPERPshort	+0.0228%	1h	1.7682	−0.100%	$2K	—	25x