Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Binance against gTrade (Gains Network)−0.090%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

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. Binance is 0.090% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.090% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.0 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	gTrade (Gains Network) ATOM/USD	1.8006	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	0m 45s	$1K	—	150x
Short	Binance ATOMUSDT	1.7990	0.0100	get 0.0100% / 8h	6h 00m	$21.4M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.090%Rate

Funding earned: $20.88
Price spread: −0.090% → 0.000%: −$8.96
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.08
Costs to cover: 0.200%
Break-even: 9.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 11 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	2.77 bp	10.6 bp −$11	25.5 bp −$255	102.7 bp −$10.3K	doesn't fit

gTrade (Gains Network): 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	1.7970	−0.199%	$15.0M	$10.1M	75x	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0139%	1h	1.7988	−0.099%	$494	$10K	25x	as long as short
Variational Omni ATOM	−0.0110%	8h	1.7967	−0.216%	$575K	$76K	—	as long as short
OKX ATOM-USDT-SWAP	−0.0097%	8h	1.7970	−0.199%	$5.1M	$5.5M	50x	as long as short
Kraken Futures PF_ATOMUSD	−0.0010%	1h	1.8022	+0.090%	$3.1M	$690K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8007	+0.005%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USDlong	L +0.0001% / S +0.0001%	1h	1.8006	long leg	$1K	—	150x
Coinbase International ATOM-PERP-INTX	+0.0024%	1h	1.7940	−0.365%	$25K	$7K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7979	−0.149%	$2.8M	$768K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7980	−0.143%	$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 ATOMUSDTshort	+0.0100%	8h	1.7990	−0.090%	$21.4M	$30.1M	75x
Gate ATOM_USDT	+0.0100%	8h	1.7980	−0.143%	$2.5M	$833K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7980	−0.143%	$8.5M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8000	−0.032%	$1.6M	$710K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7988	−0.099%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7980	−0.143%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8011	+0.027%	$443K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8010	+0.023%	$769K	$2.8M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7985	−0.116%	$313K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8000	−0.032%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7985	−0.114%	$5K	$208K	10x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.8010	+0.023%	$657	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.7993	−0.069%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7975	−0.173%	$2K	—	25x	as long as short