Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.038%

Price spread now: Gate against Reya+0.079%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 Gate

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. Gate is 0.079% dearer against Reya than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ATOMRUSDPERP	1.7996	0.0228	pay 0.0029% / 1h	46m 22s	$2K	—	25x
Short	Gate ATOM_USDT	1.8010	0.0100	get 0.0100% / 8h	7h 46m	$2.5M	$850K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.079%Rate

Funding earned: −$26.93
Price spread: +0.079% → 0.000%: $7.92
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.01
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	2.78 bp	28.8 bp −$29	94.5 bp −$945	doesn't fit	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 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
Bybit ATOMUSDT	−0.0330%	8h	1.7993	−0.015%	$15.0M	$10.8M	75x	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0138%	1h	1.8017	+0.118%	$495	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0078%	8h	1.7990	−0.032%	$5.1M	$5.5M	50x	as long as short
Variational Omni ATOM	−0.0063%	8h	1.8002	+0.036%	$575K	$80K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8027	+0.174%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8018	+0.124%	$9K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0080%	1h	1.8080	+0.468%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0080%	8h	1.8020	+0.135%	$1.1M	$325K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8005	+0.051%	$2.8M	$858K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8006	+0.058%	$980K	$230K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.8011	+0.084%	$21.4M	$31.5M	75x	as long as short
Gate ATOM_USDTshort	+0.0100%	8h	1.8010	+0.079%	$2.5M	$850K	75x
MEXC ATOM_USDT	+0.0100%	8h	1.8010	+0.079%	$9.1M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8030	+0.190%	$1.6M	$792K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8015	+0.107%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8010	+0.079%	—	$24.8M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8020	+0.136%	$443K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8030	+0.190%	$769K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8010	+0.079%	$308K	$166K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8030	+0.190%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8016	+0.113%	$5K	$208K	10x	as long as short
Kraken Futures PF_ATOMUSD	+0.0122%	1h	1.8024	+0.158%	$3.1M	$696K	50x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8020	+0.135%	$657	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8011	+0.082%	$3K	—	120x	as long as short
Reya ATOMRUSDPERPlong	+0.0228%	1h	1.7996	long leg	$2K	—	25x