Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h +0.119%

Price spread now: MEXC against Deribit−0.033%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on MEXC

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

Funding pays, the price is against you. MEXC is 0.033% cheaper against Deribit than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ATOM_USDC-PERPETUAL	1.8026	−0.0083	get 0.0010% / 1h	47m 18s	$496	$10K	25x
Short	MEXC ATOM_USDT	1.8020	0.0100	get 0.0100% / 8h	6h 47m	$8.6M	$3.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.033%Rate

Funding earned: $38.43
Price spread: −0.033% → 0.000%: −$3.33
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $28.1
Costs to cover: 0.070%
Break-even: 1.9 days

Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 6 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 Deribit no order-book sample	—	—	—	—	—
Sell MEXC live order book, 6 min ago	2.77 bp	7.1 bp −$7	14.1 bp −$141	90.1 bp −$9,006	168.5 bp −$84.2K

Deribit: 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
Bybit ATOMUSDT	−0.0194%	8h	1.8007	−0.105%	$15.1M	$10.8M	75x	as long as short
OKX ATOM-USDT-SWAP	−0.0091%	8h	1.7990	−0.200%	$5.1M	$5.7M	50x	as long as short
Variational Omni ATOM	−0.0085%	8h	1.8012	−0.077%	$576K	$76K	—	as long as short
Deribit ATOM_USDC-PERPETUALlong	−0.0083%	1h	1.8026	long leg	$496	$10K	25x
Kraken Futures PF_ATOMUSD	−0.0010%	1h	1.8043	+0.092%	$3.1M	$700K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8047	+0.114%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8044	+0.100%	$12K	—	150x	as long as short
Phemex ATOMUSDT	+0.0023%	8h	1.8030	+0.022%	$1.6M	$1.9M	50x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0024%	1h	1.7940	−0.477%	$25K	$12K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8030	+0.022%	$2.8M	$854K	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	1.8015	−0.061%	$976K	$245K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8026	+0.002%	$21.4M	$31.7M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8020	−0.033%	$2.5M	$818K	75x	as long as short
MEXC ATOM_USDTshort	+0.0100%	8h	1.8020	−0.033%	$8.6M	$3.1M	200x
KuCoin ATOMUSDTM	+0.0100%	8h	1.8040	+0.078%	$1.6M	$795K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8023	−0.017%	$6.8M	$2.9M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8020	−0.033%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8038	+0.068%	$444K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8040	+0.078%	$771K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8025	−0.006%	$313K	$181K	75x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8030	+0.021%	$9K	$207K	10x	as long as short
BloFin ATOM-USDT	+0.0125%	8h	1.8060	+0.189%	$1.1M	$324K	75x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.8050	+0.133%	$658	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8041	+0.085%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8023	−0.017%	$2K	—	25x	as long as short