Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1754%/8h= +192.0% APRpaid last 24h +0.125%

Price spread now: GMX against Phemex−0.016%7-day average — · you buy dearer than you sell

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

Long on Phemex 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$53 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ATOMUSDT	1.8000	0.0100	pay 0.0100% / 8h	2h 03m	$1.6M	$1.9M	50x
Short	GMX ATOM/USD [ETH-USDC]	1.7997	L +0.0201% / S −0.1854%	get 0.0232% / 1h	3m 48s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phemex. 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 PhemexbpFee GMXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $368.28
Price spread: −0.016% → 0.000%: −$1.65
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $342.63
Costs to cover: 0.240%
Break-even: 0.5 days

Slippage unknown: Phemex: live order book, 5 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 Phemex live order book, 5 min ago	2.77 bp	21.0 bp −$21	40.7 bp −$407	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 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
Deribit ATOM_USDC-PERPETUAL	−0.0417%	1h	1.7989	−0.061%	$495	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0056%	8h	1.7980	−0.111%	$5.2M	$5.0M	50x	as long as short
Variational Omni ATOM	−0.0017%	8h	1.7974	−0.143%	$575K	$18K	—	as long as short
Bybit ATOMUSDT	−0.0010%	8h	1.7980	−0.111%	$15.2M	$10.4M	75x	as long as short
Coinbase International ATOM-PERP-INTX	−0.0008%	1h	1.8190	+1.056%	$26K	$12K	25x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.7998	−0.010%	$63K	$4K	10x	as long as short
Bitget ATOMUSDT	+0.0099%	8h	1.7982	−0.100%	$6.8M	$2.7M	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7985	−0.083%	$2.8M	$914K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7980	−0.111%	$978K	$243K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7990	−0.056%	$21.5M	$30.3M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ATOM_USDT	+0.0100%	8h	1.7990	−0.056%	$2.5M	$834K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7990	−0.056%	$9.0M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.7990	−0.056%	$1.6M	$824K	50x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7990	−0.056%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8056	+0.309%	$444K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8049	+0.275%	$770K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7985	−0.083%	$307K	$185K	75x	as long as short
Phemex ATOMUSDTlong	+0.0100%	8h	1.8000	long leg	$1.6M	$1.9M	50x
Extended ATOM-USD	+0.0104%	1h	1.7988	−0.069%	$6K	$184K	10x	as long as short
BloFin ATOM-USDT	+0.0116%	8h	1.7980	−0.111%	$1.1M	$323K	75x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8050	+0.278%	$658	$174K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0201% / S −0.1854%	1h	1.7997	−0.016%	$3K	—	120x
Kraken Futures PF_ATOMUSD	+0.0204%	1h	1.8009	+0.051%	$3.1M	$665K	50x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7975	−0.136%	$2K	—	25x	as long as short