Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.038%

Price spread now: BingX against Reya+0.077%7-day average — · you sell dearer than you buy

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

Long on Reya Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. BingX is 0.077% dearer against Reya than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ATOMRUSDPERP	1.7666	0.0228	pay 0.0029% / 1h	21m 58s	$2K	—	25x
Short	BingX ATOM-USDT	1.7680	0.0100	get 0.0100% / 8h	21m 58s	—	$3.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$26.93
Price spread: +0.077% → 0.000%: $7.71
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.22
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 3 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	5.67 bp	15.2 bp −$15	30.2 bp −$302	96.8 bp −$9,681	333.9 bp −$167.0K

Reya: 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	−0.0146%	1h	1.7674	+0.043%	$486	$10K	25x	as long as short
Kraken Futures PF_ATOMUSD	−0.0071%	1h	1.7684	+0.100%	$2.9M	$826K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.7697	+0.171%	$62K	$5K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.7685	+0.108%	$9K	—	150x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7665	−0.008%	$3.1M	$940K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7665	−0.010%	$960K	$133K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7673	+0.036%	$21.1M	$32.9M	75x	as long as short
Bybit ATOMUSDT	+0.0100%	8h	1.7679	+0.071%	$14.9M	$10.4M	75x	as long as short
OKX ATOM-USDT-SWAP	+0.0100%	8h	1.7680	+0.077%	$5.0M	$6.1M	50x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.7680	+0.077%	$2.4M	$857K	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ATOM_USDT	+0.0100%	8h	1.7670	+0.020%	$8.2M	$5.3M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.7690	+0.134%	$1.5M	$720K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7676	+0.054%	$6.6M	$3.2M	75x	as long as short
BingX ATOM-USDTshort	+0.0100%	8h	1.7680	+0.077%	—	$3.8M	—
Variational Omni ATOM	+0.0100%	8h	1.7632	−0.196%	$560K	$84K	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.7649	−0.098%	$434K	$296K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.7653	−0.078%	$746K	$2.6M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7686	+0.111%	$309K	$156K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.7680	+0.077%	$1.5M	$2.0M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7668	+0.011%	$9K	$274K	10x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0120%	1h	1.7700	+0.190%	$24K	$4K	25x	as long as short
BloFin ATOM-USDT	+0.0126%	8h	1.7670	+0.020%	$934K	$352K	75x	as long as short
Injective ATOM/USDC PERP	+0.0140%	1h	1.7670	+0.020%	$645	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0197% / S −0.1340%	1h	1.7679	+0.073%	$2K	—	120x	as long as short
Reya ATOMRUSDPERPlong	+0.0228%	1h	1.7666	long leg	$2K	—	25x