Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.038%

Price spread now: Binance against Reya+0.032%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Binance

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

The price spread pays, funding is against you. Binance is 0.032% dearer against Reya than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ATOMRUSDPERP	1.8038	0.0228	pay 0.0029% / 1h	32m 15s	$2K	—	25x
Short	Binance ATOMUSDT	1.8044	0.0100	get 0.0100% / 8h	6h 32m	$21.4M	$31.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Reya. 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 ReyabpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: −$26.93
Price spread: +0.032% → 0.000%: $3.15
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$39.77
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Binance: live order book, 9 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	2.78 bp	11.8 bp −$12	28.0 bp −$280	115.3 bp −$11.5K	doesn't fit

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 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	−0.0214%	8h	1.8020	−0.103%	$15.1M	$10.8M	75x	as long as short
Variational Omni ATOM	−0.0097%	8h	1.8002	−0.201%	$575K	$76K	—	as long as short
OKX ATOM-USDT-SWAP	−0.0094%	8h	1.8020	−0.103%	$5.1M	$5.7M	50x	as long as short
Kraken Futures PF_ATOMUSD	−0.0010%	1h	1.8064	+0.140%	$3.1M	$698K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8047	+0.048%	$63K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8047	+0.047%	$496	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8044	+0.032%	$1K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0024%	1h	1.7940	−0.546%	$25K	$11K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8021	−0.097%	$2.8M	$850K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8027	−0.065%	$977K	$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 ATOMUSDTshort	+0.0100%	8h	1.8044	+0.032%	$21.4M	$31.8M	75x
Gate ATOM_USDT	+0.0100%	8h	1.8040	+0.008%	$2.5M	$820K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8040	+0.008%	$8.5M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8050	+0.064%	$1.6M	$775K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8038	−0.003%	$6.8M	$2.9M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8010	−0.158%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8015	−0.132%	$443K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8010	−0.157%	$770K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8035	−0.019%	$313K	$181K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8040	+0.008%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8042	+0.022%	$5K	$212K	10x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.8050	+0.064%	$658	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8051	+0.068%	$3K	—	120x	as long as short
Reya ATOMRUSDPERPlong	+0.0228%	1h	1.8038	long leg	$2K	—	25x