Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h −0.022%

Price spread now: Binance against GMX+0.048%7-day average — · you sell dearer than you buy

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

Long on GMX 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

The price spread pays, funding is against you. Binance is 0.048% dearer against GMX than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ATOM/USD [ETH-USDC]	1.8091	L +0.0198% / S −0.1417%	pay 0.0025% / 1h	31m 58s	$3K	—	120x
Short	Binance ATOMUSDT	1.8100	0.0100	get 0.0100% / 8h	5h 31m	$21.5M	$30.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: −$20.63
Price spread: +0.048% → 0.000%: $4.76
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.87
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 9 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	2.78 bp	13.2 bp −$13	32.3 bp −$323	112.9 bp −$11.3K	doesn't fit

GMX: 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
Coinbase International ATOM-PERP-INTX	−0.0224%	1h	1.7940	−0.837%	$25K	$6K	25x	as long as short
Variational Omni ATOM	−0.0095%	8h	1.8021	−0.386%	$575K	$74K	—	as long as short
Bybit ATOMUSDT	−0.0084%	8h	1.8082	−0.052%	$15.1M	$10.0M	75x	as long as short
OKX ATOM-USDT-SWAP	−0.0068%	8h	1.8090	−0.008%	$5.1M	$5.5M	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8096	+0.028%	$63K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8088	−0.019%	$497	$10K	25x	as long as short
BloFin ATOM-USDT	+0.0087%	8h	1.8110	+0.103%	$1.1M	$315K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8085	−0.035%	$2.8M	$755K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8078	−0.073%	$980K	$239K	20x	as long as short
Binance ATOMUSDTshort	+0.0100%	8h	1.8100	+0.048%	$21.5M	$30.0M	75x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ATOM_USDT	+0.0100%	8h	1.8090	−0.008%	$2.5M	$825K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8080	−0.063%	$8.5M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8100	+0.048%	$1.6M	$687K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8085	−0.035%	$6.8M	$2.7M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8090	−0.008%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8052	−0.220%	$444K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8050	−0.229%	$763K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8075	−0.091%	$315K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8090	−0.008%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8085	−0.035%	$7K	$205K	10x	as long as short
Kraken Futures PF_ATOMUSD	+0.0123%	1h	1.8106	+0.082%	$3.1M	$705K	50x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8090	−0.008%	$660	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]long	L +0.0198% / S −0.1417%	1h	1.8091	long leg	$3K	—	120x
Reya ATOMRUSDPERP	+0.0228%	1h	1.8075	−0.088%	$2K	—	25x	as long as short