Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0153%/8h= +16.7% APRpaid last 24h +0.036%

Price spread now: Injective against Variational Omni+0.095%7-day average +0.170% · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.313%+$31 · spread now +0.095%, 7d avg +0.170%

Together, before fees+0.401%+ Points / potential airdropVariational Omni: Active · farm board+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.075% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.095% now, against its 7-day average of +0.170%). If the spread goes back, that is −$7 on $10k: about 39 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ATOM	1.8113	−0.0009	get 0.0009% / 8h	36m 59s	$578K	$80K	—
Short	Injective ATOM/USDC PERP	1.8130	0.0143	get 0.0018% / 1h	36m 59s	$661	$290K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.095%Rate

Funding earned: $32.04
Price spread: +0.095% → +0.170%: −$7.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $24.52
Costs to cover: 0.000%
Break-even: 1.6 days

Slippage unknown: Variational Omni: RFQ quote, 42 min ago; Injective: live order book, 27 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 Variational Omni RFQ quote, 42 min ago	5.48 bp	doesn't fit	24.1 bp −$241	doesn't fit	doesn't fit
Sell Injective live order book, 27 min ago	35.67 bp	35.7 bp −$36	doesn't fit	doesn't fit	doesn't fit

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
OKX ATOM-USDT-SWAP	−0.0068%	8h	1.8090	−0.126%	$5.2M	$5.4M	50x	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0026%	1h	1.8096	−0.092%	$497	$10K	25x	as long as short
Variational Omni ATOMlong	−0.0009%	8h	1.8113	long leg	$578K	$80K	—
dYdX ATOM-USD	0.0000%	1h	1.8118	+0.027%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8102	−0.058%	$9K	—	150x	as long as short
Bybit ATOMUSDT	+0.0006%	8h	1.8080	−0.181%	$15.2M	$10.6M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0008%	1h	1.8150	+0.206%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0087%	8h	1.8130	+0.095%	$1.1M	$337K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8100	−0.070%	$2.8M	$853K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8105	−0.040%	$985K	$235K	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	1.8091	−0.119%	$21.6M	$30.9M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8100	−0.070%	$2.5M	$845K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8090	−0.126%	$9.4M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8110	−0.015%	$1.6M	$831K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8108	−0.026%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8100	−0.070%	—	$24.8M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8113	+0.001%	$446K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8125	+0.068%	$776K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8092	−0.114%	$310K	$174K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8100	−0.070%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8099	−0.076%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERPshort	+0.0143%	1h	1.8130	+0.095%	$661	$290K	12x
GMX ATOM/USD [ETH-USDC]	L +0.0203% / S −0.2202%	1h	1.8100	−0.069%	$4K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8085	−0.151%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0243%	1h	1.8117	+0.023%	$3.1M	$681K	50x	as long as short