Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.070%

Price spread now: Bybit against Deribit−0.044%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 Bybit

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. Bybit is 0.044% cheaper against Deribit than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 18 hours 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	1.7990	−0.0250	get 0.0031% / 1h	49m 00s	$495	$10K	25x
Short	Bybit ATOMUSDT	1.7982	−0.0054	pay 0.0054% / 8h	4h 49m	$14.9M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.044%Rate

Funding earned: $41.14
Price spread: −0.044% → 0.000%: −$4.45
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $18.69
Costs to cover: 0.180%
Break-even: 3.8 days

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.77 bp	12.3 bp −$12	27.0 bp −$270	87.5 bp −$8,746	doesn't fit

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
Coinbase International ATOM-PERP-INTX	−0.0312%	1h	1.7940	−0.278%	$25K	$4K	25x	as long as short
Deribit ATOM_USDC-PERPETUALlong	−0.0250%	1h	1.7990	long leg	$495	$10K	25x
Variational Omni ATOM	−0.0076%	8h	1.8012	+0.121%	$576K	$74K	—	as long as short
Bybit ATOMUSDTshort	−0.0054%	8h	1.7982	−0.044%	$14.9M	$9.8M	75x
OKX ATOM-USDT-SWAP	−0.0014%	8h	1.7990	0.000%	$5.0M	$5.5M	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8017	+0.147%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8002	+0.067%	$799	—	150x	as long as short
BloFin ATOM-USDT	+0.0079%	8h	1.8020	+0.167%	$1.1M	$297K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7991	+0.006%	$2.8M	$732K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8010	+0.109%	$976K	$234K	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	1.8000	+0.056%	$21.4M	$29.7M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8000	+0.056%	$2.5M	$808K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7990	0.000%	$8.5M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8010	+0.111%	$1.6M	$672K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7999	+0.050%	$6.8M	$2.6M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7980	−0.056%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8072	+0.458%	$445K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8082	+0.512%	$764K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8009	+0.106%	$313K	$175K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8000	+0.056%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8005	+0.083%	$5K	$204K	10x	as long as short
Injective ATOM/USDC PERP	+0.0116%	1h	1.8040	+0.278%	$658	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8000	+0.055%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7984	−0.033%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0358%	1h	1.8004	+0.078%	$3.1M	$712K	50x	as long as short