Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0341%/8h= −37.4% APRpaid last 24h −0.076%

Price spread now: Variational Omni against Reya+0.284%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.284% dearer against Reya than usual: you sell high and buy low (spread +0.284% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ATOMRUSDPERP	1.7981	0.0228	pay 0.0029% / 1h	8m 40s	$2K	—	25x
Short	Variational Omni ATOM	1.8032	−0.0113	pay 0.0113% / 8h	6h 08m	$576K	$76K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.284%Rate

Funding earned: −$71.63
Price spread: +0.284% → 0.000%: $28.45
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$49.18
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 60 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 Variational Omni RFQ quote, 60 min ago	5.48 bp	doesn't fit	28.3 bp −$283	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 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	−0.0240%	8h	1.8000	+0.107%	$15.1M	$10.6M	75x	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0138%	1h	1.8020	+0.219%	$495	$10K	25x	as long as short
Variational Omni ATOMshort	−0.0113%	8h	1.8032	+0.284%	$576K	$76K	—
OKX ATOM-USDT-SWAP	−0.0098%	8h	1.8010	+0.163%	$5.1M	$5.5M	50x	as long as short
Kraken Futures PF_ATOMUSD	−0.0010%	1h	1.8033	+0.290%	$3.1M	$702K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8019	+0.213%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8025	+0.249%	$1K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0024%	1h	1.7940	−0.226%	$25K	$7K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8015	+0.191%	$2.8M	$767K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7994	+0.075%	$975K	$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	1.8023	+0.234%	$21.3M	$31.0M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.7990	+0.052%	$2.5M	$825K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8020	+0.219%	$8.5M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8020	+0.219%	$1.6M	$729K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8022	+0.230%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8010	+0.163%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8049	+0.379%	$444K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8060	+0.440%	$772K	$2.8M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8015	+0.191%	$313K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8010	+0.163%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8018	+0.209%	$5K	$208K	10x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.8070	+0.497%	$659	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8015	+0.190%	$3K	—	120x	as long as short
Reya ATOMRUSDPERPlong	+0.0228%	1h	1.7981	long leg	$2K	—	25x