Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.050%

Price spread now: BingX against Coinbase International−0.165%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. BingX is 0.165% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.165% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ATOM-PERP-INTX	1.8190	−0.0008	get 0.0001% / 1h	24m 27s	$26K	$12K	25x
Short	BingX ATOM-USDT	1.8160	0.0100	get 0.0100% / 8h	2h 24m	—	$24.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.165%Rate

Funding earned: $22.68
Price spread: −0.165% → 0.000%: −$16.49
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.81
Costs to cover: 0.200%
Break-even: 11.3 days

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 9 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	8.27 bp	18.7 bp −$19	32.1 bp −$321	83.6 bp −$8,361	302.3 bp −$151.2K

Coinbase International: 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	−0.0355%	1h	1.8166	−0.132%	$499	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0046%	8h	1.8130	−0.330%	$5.3M	$5.0M	50x	as long as short
Variational Omni ATOM	−0.0038%	8h	1.8174	−0.086%	$580K	$18K	—	as long as short
Bybit ATOMUSDT	−0.0028%	8h	1.8160	−0.165%	$15.3M	$10.4M	75x	as long as short
Coinbase International ATOM-PERP-INTXlong	−0.0008%	1h	1.8190	long leg	$26K	$12K	25x
dYdX ATOM-USD	0.0000%	1h	1.8170	−0.112%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8178	−0.066%	$9K	—	150x	as long as short
BloFin ATOM-USDT	+0.0070%	8h	1.8170	−0.110%	$1.1M	$327K	75x	as long as short
Bitget ATOMUSDT	+0.0083%	8h	1.8160	−0.165%	$6.7M	$2.7M	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8170	−0.110%	$2.8M	$923K	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	1.8171	−0.106%	$989K	$243K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8171	−0.106%	$21.8M	$30.3M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8170	−0.110%	$2.5M	$831K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8170	−0.110%	$9.1M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8170	−0.110%	$1.6M	$820K	50x	as long as short
BingX ATOM-USDTshort	+0.0100%	8h	1.8160	−0.165%	—	$24.6M	—
edgeX ATOMUSDC	+0.0100%	4h	1.8172	−0.100%	$447K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8167	−0.129%	$775K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8165	−0.137%	$310K	$184K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8160	−0.165%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8168	−0.122%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8180	−0.055%	$663	$174K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8172	−0.100%	$3K	—	120x	as long as short
Kraken Futures PF_ATOMUSD	+0.0202%	1h	1.8189	−0.006%	$3.1M	$668K	50x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8148	−0.232%	$2K	—	25x	as long as short