Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h +0.026%

Price spread now: OKX against Coinbase International+0.223%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on OKX

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

The price spread pays, funding is against you. OKX is 0.223% dearer against Coinbase International than usual: you sell high and buy low (spread +0.223% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ATOM-PERP-INTX	1.7940	0.0024	pay 0.0003% / 1h	59m 53s	$25K	$7K	25x
Short	OKX ATOM-USDT-SWAP	1.7980	−0.0099	pay 0.0099% / 8h	5h 59m	$5.1M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.223%Rate

Funding earned: −$25.78
Price spread: +0.223% → 0.000%: $22.3
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.48
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; OKX: 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 OKX live order book, 3 min ago	2.78 bp	12.9 bp −$13	46.4 bp −$464	doesn't fit	doesn't fit

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 24 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
Bybit ATOMUSDT	−0.0197%	8h	1.7980	+0.223%	$15.0M	$10.1M	75x	as long as short
Variational Omni ATOM	−0.0110%	8h	1.7967	+0.150%	$575K	$76K	—	as long as short
OKX ATOM-USDT-SWAPshort	−0.0099%	8h	1.7980	+0.223%	$5.1M	$5.5M	50x
Deribit ATOM_USDC-PERPETUAL	−0.0084%	1h	1.7977	+0.206%	$494	$10K	25x	as long as short
Kraken Futures PF_ATOMUSD	−0.0010%	1h	1.7999	+0.329%	$3.1M	$690K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8007	+0.372%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.7991	+0.282%	$1K	—	150x	as long as short
Coinbase International ATOM-PERP-INTXlong	+0.0024%	1h	1.7940	long leg	$25K	$7K	25x
Hyperliquid ATOM	+0.0100%	1h	1.7989	+0.273%	$2.8M	$768K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7980	+0.223%	$974K	$245K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.7990	+0.279%	$21.4M	$30.1M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.7980	+0.223%	$2.5M	$833K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7980	+0.223%	$8.5M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8000	+0.334%	$1.6M	$699K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7978	+0.212%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7990	+0.279%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8011	+0.394%	$443K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8010	+0.390%	$769K	$2.8M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7948	+0.045%	$313K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.7990	+0.279%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7985	+0.252%	$5K	$208K	10x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.8010	+0.390%	$657	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.7980	+0.222%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7959	+0.106%	$2K	—	25x	as long as short