Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.078%

Price spread now: OKX against Deribit−0.028%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 OKX

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. OKX is 0.028% cheaper against Deribit than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ATOM_USDC-PERPETUAL	1.7685	−0.0089	get 0.0011% / 1h	56m 24s	$486	$10K	25x
Short	OKX ATOM-USDT-SWAP	1.7680	0.0100	get 0.0100% / 8h	1h 56m	$4.9M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $39.69
Price spread: −0.028% → 0.000%: −$2.83
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $19.86
Costs to cover: 0.170%
Break-even: 3.5 days

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	2.82 bp	16.6 bp −$17	47.9 bp −$479	doesn't fit	doesn't fit

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
Deribit ATOM_USDC-PERPETUALlong	−0.0089%	1h	1.7685	long leg	$486	$10K	25x
Kraken Futures PF_ATOMUSD	−0.0007%	1h	1.7694	+0.051%	$2.9M	$863K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.7717	+0.179%	$62K	$5K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.7695	+0.055%	$786	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0064%	1h	1.7700	+0.085%	$24K	$4K	25x	as long as short
Variational Omni ATOM	+0.0068%	8h	1.7752	+0.377%	$564K	$84K	—	as long as short
BloFin ATOM-USDT	+0.0095%	8h	1.7720	+0.198%	$930K	$355K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7675	−0.057%	$2.8M	$810K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7700	+0.084%	$962K	$202K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7690	+0.028%	$21.1M	$33.2M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ATOMUSDT	+0.0100%	8h	1.7682	−0.017%	$14.7M	$10.5M	75x	as long as short
OKX ATOM-USDT-SWAPshort	+0.0100%	8h	1.7680	−0.028%	$4.9M	$5.9M	50x
Gate ATOM_USDT	+0.0100%	8h	1.7700	+0.085%	$2.4M	$852K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7680	−0.028%	$8.4M	$5.2M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.7700	+0.085%	$1.5M	$725K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7695	+0.057%	$6.6M	$3.4M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7680	−0.028%	—	$3.9M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.7748	+0.354%	$437K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.7780	+0.537%	$751K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7695	+0.057%	$309K	$180K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.7680	−0.028%	$1.5M	$2.0M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7685	0.000%	$10K	$277K	10x	as long as short
Injective ATOM/USDC PERP	+0.0118%	1h	1.7760	+0.424%	$648	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0197% / S −0.1340%	1h	1.7687	+0.013%	$2K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7677	−0.045%	$2K	—	25x	as long as short