Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.038%

Price spread now: Reya against Binance−0.065%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Reya

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

Funding pays, the price is against you. Reya is 0.065% cheaper against Binance than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 41 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ATOMUSDT	1.7987	0.0100	pay 0.0100% / 8h	2h 06m	$21.5M	$30.3M	75x
Short	Reya ATOMRUSDPERP	1.7975	0.0228	get 0.0029% / 1h	6m 30s	$2K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now −0.065%Rate

Funding earned: $26.93
Price spread: −0.065% → 0.000%: −$6.49
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $4.44
Costs to cover: 0.160%
Break-even: 5.8 days

Slippage unknown: Binance: live order book, 5 min ago; Reya: 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 Binance live order book, 5 min ago	2.77 bp	11.4 bp −$11	28.9 bp −$289	133.7 bp −$13.4K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
Deribit ATOM_USDC-PERPETUAL	−0.0526%	1h	1.8031	+0.246%	$496	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0055%	8h	1.7980	−0.038%	$5.2M	$5.0M	50x	as long as short
Variational Omni ATOM	−0.0017%	8h	1.8025	+0.210%	$576K	$18K	—	as long as short
Coinbase International ATOM-PERP-INTX	−0.0008%	1h	1.8190	+1.130%	$26K	$12K	25x	as long as short
Bybit ATOMUSDT	−0.0006%	8h	1.7978	−0.049%	$15.2M	$10.4M	75x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8009	+0.124%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.7998	+0.062%	$9K	—	150x	as long as short
BloFin ATOM-USDT	+0.0072%	8h	1.8040	+0.296%	$1.1M	$324K	75x	as long as short
Bitget ATOMUSDT	+0.0099%	8h	1.7976	−0.060%	$6.8M	$2.7M	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7988	+0.007%	$2.8M	$914K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ATOMUSDT	+0.0100%	8h	1.8012	+0.138%	$980K	$243K	20x	as long as short
Binance ATOMUSDTlong	+0.0100%	8h	1.7987	long leg	$21.5M	$30.3M	75x
Gate ATOM_USDT	+0.0100%	8h	1.8000	+0.073%	$2.5M	$834K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7990	+0.018%	$9.0M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8000	+0.073%	$1.6M	$824K	50x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8000	+0.073%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8056	+0.382%	$444K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8049	+0.348%	$770K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8001	+0.079%	$308K	$185K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8020	+0.184%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7998	+0.061%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8070	+0.462%	$659	$174K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0201% / S −0.1854%	1h	1.8002	+0.083%	$3K	—	120x	as long as short
Kraken Futures PF_ATOMUSD	+0.0204%	1h	1.8034	+0.264%	$3.1M	$665K	50x	as long as short
Reya ATOMRUSDPERPshort	+0.0228%	1h	1.7975	−0.065%	$2K	—	25x