Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h −0.026%

Price spread now: Kraken Futures against HTX+0.082%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1351.347% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 3 days (all we have)+0.227%+$23 · spread now +0.082%, 7d avg +0.187%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.105% cheaper against HTX than usual: you would sell low and buy high (spread +0.082% now, against its 7-day average of +0.187%). If the spread goes back, that is −$11 on $10k: about 2.1 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ATOM-USDT	1.8017	0.0100	pay 0.0100% / 8h	3h 43m	$307K	$188K	75x
Short	Kraken Futures PF_ATOMUSD	1.8032	0.0267	get 0.0033% / 1h	43m 39s	$3.1M	$671K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now +0.082%Rate

Funding earned: $35.04
Price spread: +0.082% → +0.187%: −$10.53
Slippage, 4 orders: −$112.67
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$110.15
Costs to cover: 1.347%
Break-even: 29.0 days

Slippage from HTX: live order book, 4 min ago; Kraken Futures: live order book, 1 min ago.

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 HTX live order book, 4 min ago	20.29 bp	65.8 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	5.55 bp	17.4 bp −$17	46.9 bp −$469	doesn't fit	doesn't fit

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	−0.0059%	8h	1.8000	−0.094%	$15.1M	$10.6M	75x	as long as short
Variational Omni ATOM	−0.0034%	8h	1.7995	−0.121%	$572K	$15K	—	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0027%	1h	1.8023	+0.033%	$495	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0011%	8h	1.8000	−0.094%	$5.2M	$5.0M	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8024	+0.039%	$63K	$3K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8028	+0.063%	$9K	—	150x	as long as short
Bitget ATOMUSDT	+0.0073%	8h	1.8001	−0.089%	$6.6M	$2.7M	75x	as long as short
BloFin ATOM-USDT	+0.0083%	8h	1.8030	+0.072%	$1.1M	$318K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8017	0.000%	$2.8M	$993K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8010	−0.039%	$981K	$237K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.8012	−0.026%	$21.5M	$30.8M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8010	−0.039%	$2.5M	$841K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8010	−0.039%	$8.8M	$2.8M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8030	+0.072%	$1.6M	$850K	50x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8020	+0.017%	—	$25.2M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8016	−0.007%	$443K	$296K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8000	−0.094%	$761K	$2.9M	10x	as long as short
HTX ATOM-USDTlong	+0.0100%	8h	1.8017	long leg	$307K	$188K	75x
Phemex ATOMUSDT	+0.0100%	8h	1.8030	+0.072%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8018	+0.008%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0126%	1h	1.8040	+0.128%	$658	$90K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0196% / S −0.0976%	1h	1.8029	+0.069%	$2K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8007	−0.058%	$2K	—	25x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0232%	1h	1.8020	+0.017%	$25K	$12K	25x	as long as short
Kraken Futures PF_ATOMUSDshort	+0.0267%	1h	1.8032	+0.082%	$3.1M	$671K	50x