Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1521%/8h= +166.5% APRpaid last 24h +0.128%

Price spread now: GMX against Bybit+0.078%7-day average — · you sell dearer than you buy

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

Long on Bybit 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—needs both histories

Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and GMX is 0.078% dearer against Bybit than usual: you sell high and buy low: +$8 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	Bybit ATOMUSDT	1.8080	−0.0008	get 0.0008% / 8h	2h 14m	$15.2M	$10.4M	75x
Short	GMX ATOM/USD [ETH-USDC]	1.8094	L +0.0199% / S −0.1513%	get 0.0189% / 1h	14m 10s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $319.32
Price spread: +0.078% → 0.000%: $7.78
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $304.09
Costs to cover: 0.230%
Break-even: 0.3 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.77 bp	15.5 bp −$16	39.6 bp −$396	105.4 bp −$10.5K	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
OKX ATOM-USDT-SWAP	−0.0050%	8h	1.8060	−0.111%	$5.2M	$5.0M	50x	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0026%	1h	1.8094	+0.077%	$497	$10K	25x	as long as short
Variational Omni ATOM	−0.0020%	8h	1.8064	−0.087%	$577K	$18K	—	as long as short
Coinbase International ATOM-PERP-INTX	−0.0008%	1h	1.8190	+0.608%	$26K	$12K	25x	as long as short
Bybit ATOMUSDTlong	−0.0008%	8h	1.8080	long leg	$15.2M	$10.4M	75x
dYdX ATOM-USD	0.0000%	1h	1.8089	+0.048%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8088	+0.043%	$9K	—	150x	as long as short
Bitget ATOMUSDT	+0.0097%	8h	1.8077	−0.017%	$6.8M	$2.7M	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8082	+0.011%	$2.8M	$924K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8103	+0.125%	$985K	$243K	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	1.8095	+0.081%	$21.6M	$30.5M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8080	0.000%	$2.5M	$833K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8080	0.000%	$9.1M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8100	+0.111%	$1.6M	$824K	50x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8080	0.000%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8100	+0.110%	$445K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8100	+0.110%	$772K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8095	+0.083%	$309K	$185K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8100	+0.111%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8097	+0.095%	$6K	$184K	10x	as long as short
BloFin ATOM-USDT	+0.0109%	8h	1.8080	0.000%	$1.1M	$325K	75x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8110	+0.166%	$661	$174K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0199% / S −0.1513%	1h	1.8094	+0.078%	$3K	—	120x
Kraken Futures PF_ATOMUSD	+0.0203%	1h	1.8119	+0.213%	$3.1M	$669K	50x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8074	−0.032%	$2K	—	25x	as long as short