Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.085%

Price spread now: BingX against Deribit−0.214%7-day average — · you buy dearer than you sell

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

Long on Deribit 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—needs both histories

Funding pays, the price is against you. BingX is 0.214% cheaper against Deribit than usual: you would sell low and buy high (spread −0.214% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 3.8 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	Deribit ATOM_USDC-PERPETUAL	1.7738	−0.0088	get 0.0011% / 1h	57m 56s	$488	$10K	25x
Short	BingX ATOM-USDT	1.7700	0.0100	get 0.0100% / 8h	7h 57m	—	$3.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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 DeribitbpFee BingXbpOrdersPrice spread, now −0.214%Rate

Funding earned: $39.48
Price spread: −0.214% → 0.000%: −$21.42
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $1.06
Costs to cover: 0.170%
Break-even: 6.8 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 7 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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	5.64 bp	12.9 bp −$13	28.1 bp −$281	89.7 bp −$8,966	310.4 bp −$155.2K

Deribit: 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
Kraken Futures PF_ATOMUSD	−0.0266%	1h	1.7730	−0.043%	$2.9M	$831K	50x	as long as short
Deribit ATOM_USDC-PERPETUALlong	−0.0088%	1h	1.7738	long leg	$488	$10K	25x
dYdX ATOM-USD	0.0000%	1h	1.7737	−0.004%	$62K	$5K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.7746	+0.043%	$9K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0016%	1h	1.7700	−0.214%	$24K	$4K	25x	as long as short
Phemex ATOMUSDT	+0.0038%	8h	1.7720	−0.101%	$1.5M	$2.0M	50x	as long as short
BloFin ATOM-USDT	+0.0083%	8h	1.7710	−0.158%	$930K	$355K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7700	−0.214%	$3.1M	$937K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7728	−0.059%	$964K	$146K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7730	−0.045%	$21.2M	$32.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ATOMUSDT	+0.0100%	8h	1.7710	−0.158%	$14.9M	$10.5M	75x	as long as short
OKX ATOM-USDT-SWAP	+0.0100%	8h	1.7710	−0.158%	$5.0M	$6.1M	50x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.7720	−0.101%	$2.4M	$778K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7700	−0.214%	$8.2M	$5.2M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.7720	−0.101%	$1.5M	$718K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7714	−0.135%	$6.6M	$3.2M	75x	as long as short
BingX ATOM-USDTshort	+0.0100%	8h	1.7700	−0.214%	—	$3.8M	—
Variational Omni ATOM	+0.0100%	8h	1.7703	−0.200%	$562K	$84K	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.7716	−0.125%	$436K	$297K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.7710	−0.156%	$754K	$2.6M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7735	−0.017%	$309K	$156K	75x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7715	−0.129%	$8K	$276K	10x	as long as short
Injective ATOM/USDC PERP	+0.0171%	1h	1.7740	+0.011%	$647	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0197% / S −0.1340%	1h	1.7741	+0.015%	$2K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7733	−0.031%	$2K	—	25x	as long as short