Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1240%/8h= +135.8% APRpaid last 24h +0.242%

Price spread now: GMX against BingX−0.033%7-day average — · you buy dearer than you sell

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

Long on BingX 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 0.033% cheaper against BingX than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$37 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ATOM-USDT	1.7820	0.0100	pay 0.0100% / 8h	2h 56m	—	$24.4M	—
Short	GMX ATOM/USD [ETH-USDC]	1.7814	L +0.0198% / S −0.1340%	get 0.0168% / 1h	56m 04s	$2K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $260.4
Price spread: −0.033% → 0.000%: −$3.34
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $235.06
Costs to cover: 0.220%
Break-even: 0.7 days

Slippage unknown: BingX: 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 BingX live order book, 3 min ago	5.64 bp	14.4 bp −$14	26.2 bp −$262	104.9 bp −$10.5K	339.6 bp −$169.8K
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	−0.0087%	1h	1.7815	−0.028%	$490	$10K	25x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.7825	+0.028%	$62K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.7815	−0.026%	$791	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0008%	1h	1.8040	+1.235%	$25K	$4K	25x	as long as short
Variational Omni ATOM	+0.0029%	8h	1.7802	−0.102%	$565K	$78K	—	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7833	+0.073%	$2.8M	$719K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7797	−0.132%	$964K	$201K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7824	+0.022%	$21.2M	$30.2M	75x	as long as short
Bybit ATOMUSDT	+0.0100%	8h	1.7797	−0.129%	$14.7M	$9.8M	75x	as long as short
OKX ATOM-USDT-SWAP	+0.0100%	8h	1.7800	−0.112%	$4.9M	$5.6M	50x	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	1.7810	−0.056%	$2.4M	$822K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7780	−0.224%	$7.9M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.7820	0.000%	$1.6M	$666K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7815	−0.028%	$6.6M	$3.0M	75x	as long as short
BingX ATOM-USDTlong	+0.0100%	8h	1.7820	long leg	—	$24.4M	—
edgeX ATOMUSDC	+0.0100%	4h	1.7740	−0.448%	$436K	$297K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.7756	−0.361%	$752K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7805	−0.084%	$310K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.7820	0.000%	$1.5M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7819	−0.005%	$5K	$234K	10x	as long as short
Injective ATOM/USDC PERP	+0.0110%	1h	1.7740	−0.449%	$647	$290K	12x	as long as short
BloFin ATOM-USDT	+0.0123%	8h	1.7840	+0.112%	$1.1M	$347K	75x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0198% / S −0.1340%	1h	1.7814	−0.033%	$2K	—	120x
Reya ATOMRUSDPERP	+0.0228%	1h	1.7797	−0.128%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0553%	1h	1.7825	+0.027%	$3.0M	$827K	50x	as long as short