Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1692%/8h= +185.3% APRpaid last 24h +0.109%

Price spread now: GMX against BloFin−0.260%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.260% cheaper against BloFin than usual: you would sell low and buy high (spread −0.260% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 12 hours of funding at the current rate (+$51 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ATOM-USDT	1.8100	0.0106	pay 0.0106% / 8h	2h 10m	$1.1M	$325K	75x
Short	GMX ATOM/USD [ETH-USDC]	1.8053	L +0.0200% / S −0.1798%	get 0.0225% / 1h	10m 54s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.260%Rate

Funding earned: $355.33
Price spread: −0.260% → 0.000%: −$25.96
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $305.37
Costs to cover: 0.240%
Break-even: 1.0 days

Slippage unknown: BloFin: live order book, 6 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 BloFin live order book, 6 min ago	8.29 bp	22.0 bp −$22	32.9 bp −$329	88.0 bp −$8,796	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	−0.0193%	1h	1.8052	−0.265%	$496	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0053%	8h	1.8030	−0.387%	$5.2M	$5.0M	50x	as long as short
Variational Omni ATOM	−0.0020%	8h	1.8064	−0.198%	$577K	$18K	—	as long as short
Coinbase International ATOM-PERP-INTX	−0.0008%	1h	1.8190	+0.497%	$26K	$12K	25x	as long as short
Bybit ATOMUSDT	−0.0007%	8h	1.8030	−0.387%	$15.2M	$10.4M	75x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8059	−0.226%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8048	−0.287%	$9K	—	150x	as long as short
Bitget ATOMUSDT	+0.0098%	8h	1.8036	−0.354%	$6.8M	$2.7M	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8042	−0.320%	$2.8M	$925K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8053	−0.258%	$982K	$243K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.8051	−0.269%	$21.5M	$30.4M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8030	−0.387%	$2.5M	$834K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8050	−0.276%	$9.1M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8050	−0.276%	$1.6M	$825K	50x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8050	−0.276%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8092	−0.043%	$445K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8060	−0.220%	$770K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8029	−0.392%	$308K	$185K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8050	−0.276%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8048	−0.289%	$6K	$184K	10x	as long as short
BloFin ATOM-USDTlong	+0.0106%	8h	1.8100	long leg	$1.1M	$325K	75x
Injective ATOM/USDC PERP	+0.0132%	1h	1.8060	−0.221%	$659	$174K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0200% / S −0.1798%	1h	1.8053	−0.260%	$3K	—	120x
Kraken Futures PF_ATOMUSD	+0.0204%	1h	1.8070	−0.166%	$3.1M	$663K	50x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8026	−0.409%	$2K	—	25x	as long as short