Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: MEXC against gTrade (Gains Network)−0.200%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 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 0.200% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.200% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.7 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	1.7665	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	46m 40s	$784	—	150x
Short	MEXC ATOM_USDT	1.7630	0.0100	get 0.0100% / 8h	1h 46m	$8.3M	$5.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.200%Rate

Funding earned: $20.88
Price spread: −0.200% → 0.000%: −$20.04
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$9.15
Costs to cover: 0.100%
Break-even: 10.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	2.83 bp	7.9 bp −$8	16.5 bp −$165	66.0 bp −$6,603	144.9 bp −$72.5K

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 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-PERPETUAL	−0.0203%	1h	1.7650	−0.087%	$485	$10K	25x	as long as short
Kraken Futures PF_ATOMUSD	−0.0007%	1h	1.7663	−0.013%	$2.9M	$862K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.7647	−0.105%	$62K	$5K	10x	as long as short
gTrade (Gains Network) ATOM/USDlong	L +0.0001% / S +0.0001%	1h	1.7665	long leg	$784	—	150x
Coinbase International ATOM-PERP-INTX	+0.0064%	1h	1.7700	+0.196%	$24K	$4K	25x	as long as short
Variational Omni ATOM	+0.0074%	8h	1.7642	−0.132%	$560K	$84K	—	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7627	−0.217%	$3.0M	$880K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7640	−0.144%	$959K	$183K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7648	−0.098%	$21.1M	$33.3M	75x	as long as short
Bybit ATOMUSDT	+0.0100%	8h	1.7630	−0.200%	$14.6M	$10.6M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ATOM-USDT-SWAP	+0.0100%	8h	1.7630	−0.200%	$4.9M	$5.9M	50x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.7640	−0.144%	$2.4M	$855K	75x	as long as short
MEXC ATOM_USDTshort	+0.0100%	8h	1.7630	−0.200%	$8.3M	$5.2M	200x
KuCoin ATOMUSDTM	+0.0100%	8h	1.7650	−0.087%	$1.5M	$727K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7642	−0.132%	$6.6M	$3.4M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7650	−0.087%	—	$3.9M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.7703	+0.212%	$435K	$296K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.7668	+0.015%	$747K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7651	−0.082%	$308K	$180K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.7650	−0.087%	$1.5M	$2.0M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7643	−0.124%	$7K	$279K	10x	as long as short
BloFin ATOM-USDT	+0.0107%	8h	1.7670	+0.026%	$930K	$354K	75x	as long as short
Injective ATOM/USDC PERP	+0.0118%	1h	1.7720	+0.309%	$646	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0197% / S −0.1340%	1h	1.7659	−0.036%	$2K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7637	−0.161%	$2K	—	25x	as long as short