Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2102%/8h= +230.2% APRpaid last 24h +0.157%

Price spread now: GMX against KuCoin−0.065%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on GMX

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. GMX is 0.065% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2 hours of funding at the current rate (+$63 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATOMUSDTM	1.8110	0.0100	pay 0.0100% / 8h	18m 12s	$1.6M	$834K	50x
Short	GMX ATOM/USD [ETH-USDC]	1.8098	L +0.0203% / S −0.2202%	get 0.0275% / 1h	18m 12s	$4K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $441.39
Price spread: −0.065% → 0.000%: −$6.53
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $410.86
Costs to cover: 0.240%
Break-even: 0.5 days

Slippage unknown: KuCoin: live order book, 3 min ago; GMX: no order-book sample. 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 KuCoin live order book, 3 min ago	8.30 bp	26.2 bp −$26	135.1 bp −$1,351	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 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	−0.0247%	1h	1.8091	−0.105%	$497	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0088%	8h	1.8070	−0.221%	$5.2M	$5.5M	50x	as long as short
Variational Omni ATOM	−0.0026%	8h	1.8083	−0.152%	$578K	$80K	—	as long as short
Bybit ATOMUSDT	−0.0022%	8h	1.8070	−0.221%	$15.1M	$10.7M	75x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8107	−0.015%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8102	−0.046%	$9K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0008%	1h	1.8150	+0.221%	$25K	$12K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8085	−0.138%	$2.8M	$854K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8078	−0.177%	$984K	$235K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8090	−0.110%	$21.5M	$31.0M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ATOM_USDT	+0.0100%	8h	1.8090	−0.110%	$2.5M	$847K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8080	−0.166%	$9.2M	$3.0M	200x	as long as short
KuCoin ATOMUSDTMlong	+0.0100%	8h	1.8110	long leg	$1.6M	$834K	50x
Bitget ATOMUSDT	+0.0100%	8h	1.8085	−0.138%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8080	−0.166%	—	$24.8M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8059	−0.281%	$444K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8058	−0.288%	$773K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8094	−0.088%	$310K	$174K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8080	−0.166%	$1.6M	$1.9M	50x	as long as short
BloFin ATOM-USDT	+0.0102%	8h	1.8120	+0.055%	$1.1M	$327K	75x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8089	−0.114%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8090	−0.110%	$660	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0203% / S −0.2202%	1h	1.8098	−0.065%	$4K	—	120x
Reya ATOMRUSDPERP	+0.0228%	1h	1.8075	−0.193%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0243%	1h	1.8102	−0.046%	$3.1M	$682K	50x	as long as short