Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1489%/8h= +163.0% APRpaid last 24h +0.250%

Price spread now: GMX against Variational Omni+0.380%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on GMX

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and GMX is 0.380% dearer against Variational Omni than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ATOM	1.8051	−0.0072	get 0.0072% / 8h	4h 56m	$577K	$74K	—
Short	GMX ATOM/USD [ETH-USDC]	1.8120	L +0.0198% / S −0.1417%	get 0.0177% / 1h	56m 18s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.380%Rate

Funding earned: $312.6
Price spread: +0.380% → 0.000%: $37.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $338.57
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; GMX: 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 Variational Omni RFQ quote, 3 min ago	5.48 bp	doesn't fit	23.4 bp −$234	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Coinbase International ATOM-PERP-INTX	−0.0312%	1h	1.7940	−0.617%	$25K	$5K	25x	as long as short
Variational Omni ATOMlong	−0.0072%	8h	1.8051	long leg	$577K	$74K	—
Bybit ATOMUSDT	−0.0028%	8h	1.8100	+0.270%	$15.1M	$9.8M	75x	as long as short
OKX ATOM-USDT-SWAP	−0.0024%	8h	1.8100	+0.270%	$5.1M	$5.5M	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8093	+0.232%	$63K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8122	+0.392%	$498	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8116	+0.358%	$804	—	150x	as long as short
BloFin ATOM-USDT	+0.0078%	8h	1.8040	−0.063%	$1.1M	$297K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8103	+0.286%	$2.8M	$745K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8070	+0.104%	$979K	$239K	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	1.8110	+0.327%	$21.5M	$29.7M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8090	+0.214%	$2.5M	$807K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8110	+0.325%	$8.5M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8110	+0.325%	$1.6M	$677K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8118	+0.370%	$6.8M	$2.6M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8110	+0.325%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8065	+0.077%	$444K	$296K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8058	+0.036%	$763K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8085	+0.187%	$315K	$175K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8110	+0.325%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8116	+0.358%	$5K	$204K	10x	as long as short
Injective ATOM/USDC PERP	+0.0116%	1h	1.8090	+0.214%	$660	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0198% / S −0.1417%	1h	1.8120	+0.380%	$3K	—	120x
Reya ATOMRUSDPERP	+0.0228%	1h	1.8112	+0.337%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0355%	1h	1.8137	+0.473%	$3.1M	$712K	50x	as long as short