Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.055%

Price spread now: MEXC against Coinbase International−0.784%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 MEXC

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. MEXC is 0.784% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.784% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$78 on $10k: about 28 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	1.7860	0.0008	pay 0.0001% / 1h	35m 01s	$24K	$4K	25x
Short	MEXC ATOM_USDT	1.7720	0.0100	get 0.0100% / 8h	2h 35m	$8.5M	$5.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.784%Rate

Funding earned: $19.32
Price spread: −0.784% → 0.000%: −$78.39
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$69.07
Costs to cover: 0.100%
Break-even: 32.0 days

Slippage unknown: Coinbase International: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	2.82 bp	5.3 bp −$5	15.5 bp −$155	96.1 bp −$9,605	159.7 bp −$79.8K

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
dYdX ATOM-USD	0.0000%	1h	1.7747	−0.632%	$62K	$5K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.7753	−0.599%	$488	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.7754	−0.594%	$788	—	150x	as long as short
Coinbase International ATOM-PERP-INTXlong	+0.0008%	1h	1.7860	long leg	$24K	$4K	25x
Variational Omni ATOM	+0.0039%	8h	1.7682	−0.995%	$561K	$78K	—	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7720	−0.784%	$2.7M	$727K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7707	−0.859%	$962K	$201K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7720	−0.785%	$21.2M	$32.4M	75x	as long as short
Bybit ATOMUSDT	+0.0100%	8h	1.7707	−0.857%	$14.5M	$10.2M	75x	as long as short
OKX ATOM-USDT-SWAP	+0.0100%	8h	1.7700	−0.896%	$4.9M	$5.8M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ATOM_USDT	+0.0100%	8h	1.7740	−0.672%	$2.4M	$850K	75x	as long as short
MEXC ATOM_USDTshort	+0.0100%	8h	1.7720	−0.784%	$8.5M	$5.2M	200x
KuCoin ATOMUSDTM	+0.0100%	8h	1.7750	−0.616%	$1.6M	$698K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7731	−0.722%	$6.6M	$3.1M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7730	−0.728%	—	$24.4M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.7699	−0.902%	$435K	$296K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.7697	−0.913%	$755K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7679	−1.013%	$308K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.7750	−0.616%	$1.5M	$2.0M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7749	−0.624%	$10K	$236K	10x	as long as short
BloFin ATOM-USDT	+0.0106%	8h	1.7740	−0.672%	$1.1M	$353K	75x	as long as short
Injective ATOM/USDC PERP	+0.0110%	1h	1.7710	−0.840%	$646	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1340%	1h	1.7751	−0.612%	$2K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7737	−0.687%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0555%	1h	1.7759	−0.565%	$2.9M	$845K	50x	as long as short