Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.038%

Price spread now: Gate against Reya+0.071%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 Gate

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.071% dearer against Reya than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ATOMRUSDPERP	1.8077	0.0228	pay 0.0029% / 1h	50m 12s	$2K	—	25x
Short	Gate ATOM_USDT	1.8090	0.0100	get 0.0100% / 8h	3h 50m	$2.5M	$797K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.071%Rate

Funding earned: −$26.93
Price spread: +0.071% → 0.000%: $7.11
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.82
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	5.51 bp	30.7 bp −$31	100.0 bp −$1,000	doesn't fit	doesn't fit

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
Coinbase International ATOM-PERP-INTX	−0.0256%	1h	1.8040	−0.206%	$25K	$4K	25x	as long as short
Variational Omni ATOM	−0.0022%	8h	1.8122	+0.247%	$579K	$74K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8129	+0.287%	$63K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8073	−0.023%	$497	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8086	+0.046%	$803	—	150x	as long as short
Bybit ATOMUSDT	+0.0058%	8h	1.8071	−0.034%	$15.0M	$9.7M	75x	as long as short
OKX ATOM-USDT-SWAP	+0.0061%	8h	1.8060	−0.095%	$5.0M	$5.6M	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8080	+0.016%	$2.8M	$697K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8095	+0.098%	$981K	$234K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8080	+0.016%	$21.5M	$29.9M	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_USDTshort	+0.0100%	8h	1.8090	+0.071%	$2.5M	$797K	75x
MEXC ATOM_USDT	+0.0100%	8h	1.8070	−0.040%	$8.4M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8100	+0.126%	$1.6M	$673K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8083	+0.032%	$6.9M	$2.7M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8090	+0.071%	—	$24.4M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8140	+0.349%	$446K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8143	+0.362%	$777K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8055	−0.123%	$314K	$175K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8080	+0.016%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8075	−0.013%	$5K	$197K	10x	as long as short
BloFin ATOM-USDT	+0.0113%	8h	1.8150	+0.403%	$1.1M	$298K	75x	as long as short
Injective ATOM/USDC PERP	+0.0146%	1h	1.8160	+0.458%	$662	$290K	12x	as long as short
Kraken Futures PF_ATOMUSD	+0.0165%	1h	1.8096	+0.107%	$3.1M	$703K	50x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8080	+0.015%	$3K	—	120x	as long as short
Reya ATOMRUSDPERPlong	+0.0228%	1h	1.8077	long leg	$2K	—	25x