Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h −0.012%

Price spread now: Coinbase International against Bybit−0.659%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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. Coinbase International is 0.659% cheaper against Bybit than usual: you would sell low and buy high (spread −0.659% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$66 on $10k: about 10 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATOMUSDT	1.8059	−0.0192	get 0.0192% / 8h	6h 25m	$15.1M	$10.8M	75x
Short	Coinbase International ATOM-PERP-INTX	1.7940	0.0024	get 0.0003% / 1h	25m 46s	$25K	$11K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.659%Rate

Funding earned: $45.44
Price spread: −0.659% → 0.000%: −$65.9
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$41.46
Costs to cover: 0.210%
Break-even: 13.4 days

Slippage unknown: Bybit: live order book, 3 min ago; Coinbase International: 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 Bybit live order book, 3 min ago	2.77 bp	13.3 bp −$13	31.5 bp −$315	271.2 bp −$27.1K	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Bybit ATOMUSDTlong	−0.0192%	8h	1.8059	long leg	$15.1M	$10.8M	75x
Variational Omni ATOM	−0.0097%	8h	1.8062	+0.017%	$577K	$76K	—	as long as short
OKX ATOM-USDT-SWAP	−0.0093%	8h	1.8050	−0.050%	$5.1M	$5.7M	50x	as long as short
Kraken Futures PF_ATOMUSD	−0.0010%	1h	1.8098	+0.217%	$3.1M	$701K	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8077	+0.099%	$63K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8087	+0.155%	$497	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8075	+0.090%	$1K	—	150x	as long as short
Coinbase International ATOM-PERP-INTXshort	+0.0024%	1h	1.7940	−0.659%	$25K	$11K	25x
Phemex ATOMUSDT	+0.0098%	8h	1.8080	+0.116%	$1.6M	$1.9M	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8065	+0.033%	$2.8M	$851K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ATOMUSDT	+0.0100%	8h	1.8055	−0.021%	$978K	$245K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8090	+0.174%	$21.4M	$31.5M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8070	+0.061%	$2.5M	$821K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8080	+0.116%	$8.5M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8090	+0.172%	$1.6M	$754K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8082	+0.127%	$6.8M	$2.9M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8070	+0.061%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8028	−0.170%	$444K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8050	−0.050%	$771K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8065	+0.033%	$314K	$180K	75x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8080	+0.118%	$5K	$208K	10x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.8080	+0.116%	$660	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8084	+0.138%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8072	+0.073%	$2K	—	25x	as long as short