Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.014%

Price spread now: dYdX against Phemex+0.017%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

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: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ATOMUSDT	1.7990	0.0100	pay 0.0100% / 8h	6h 05m	$1.6M	$1.9M	50x
Short	dYdX ATOM-USD	1.7993	0	get 0.0000% / 1h	5m 44s	$63K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phemex. 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 PhemexbpFee dYdXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$21
Price spread: +0.017% → 0.000%: $1.67
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$41.33
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 3 min ago; dYdX: 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 Phemex live order book, 3 min ago	2.77 bp	21.2 bp −$21	40.1 bp −$401	114.6 bp −$11.5K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 24 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
Bybit ATOMUSDT	−0.0212%	8h	1.7970	−0.111%	$15.0M	$10.2M	75x	as long as short
Variational Omni ATOM	−0.0114%	8h	1.7962	−0.156%	$574K	$76K	—	as long as short
OKX ATOM-USDT-SWAP	−0.0099%	8h	1.7970	−0.111%	$5.1M	$5.5M	50x	as long as short
Kraken Futures PF_ATOMUSD	−0.0010%	1h	1.7995	+0.030%	$3.1M	$694K	50x	as long as short
dYdX ATOM-USDshort	0.0000%	1h	1.7993	+0.017%	$63K	$4K	10x
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.7983	−0.039%	$494	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.7986	−0.023%	$1K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0024%	1h	1.7940	−0.278%	$25K	$7K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7970	−0.111%	$2.8M	$767K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7980	−0.056%	$974K	$245K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.7990	0.000%	$21.3M	$30.5M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.7970	−0.111%	$2.5M	$832K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7980	−0.056%	$8.5M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.7990	0.000%	$1.6M	$721K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7982	−0.044%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7970	−0.111%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8004	+0.076%	$443K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8000	+0.054%	$769K	$2.8M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7985	−0.028%	$313K	$179K	75x	as long as short
Phemex ATOMUSDTlong	+0.0100%	8h	1.7990	long leg	$1.6M	$1.9M	50x
Extended ATOM-USD	+0.0104%	1h	1.7982	−0.046%	$5K	$208K	10x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.8020	+0.167%	$657	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.7985	−0.027%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7978	−0.067%	$2K	—	25x	as long as short