Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.119%

Price spread now: Gate against Deribit−0.061%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 Gate

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. Gate is 0.061% cheaper against Deribit than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ATOM_USDC-PERPETUAL	1.8111	0	get 0.0000% / 1h	14m 38s	$498	$10K	25x
Short	Gate ATOM_USDT	1.8100	0.0100	get 0.0100% / 8h	7h 14m	$2.5M	$853K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.061%Rate

Funding earned: $21
Price spread: −0.061% → 0.000%: −$6.07
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.07
Costs to cover: 0.220%
Break-even: 9.4 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	2.77 bp	28.3 bp −$28	84.6 bp −$846	doesn't fit	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
OKX ATOM-USDT-SWAP	−0.0059%	8h	1.8110	−0.006%	$5.2M	$5.5M	50x	as long as short
Variational Omni ATOM	−0.0058%	8h	1.8072	−0.214%	$577K	$79K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8117	+0.034%	$63K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUALlong	0.0000%	1h	1.8111	long leg	$498	$10K	25x
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8103	−0.041%	$1K	—	150x	as long as short
Bybit ATOMUSDT	+0.0025%	8h	1.8107	−0.022%	$15.1M	$10.7M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0080%	1h	1.8080	−0.171%	$25K	$12K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8113	+0.011%	$2.8M	$849K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8102	−0.051%	$985K	$226K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8117	+0.031%	$21.5M	$31.3M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ATOM_USDTshort	+0.0100%	8h	1.8100	−0.061%	$2.5M	$853K	75x
MEXC ATOM_USDT	+0.0100%	8h	1.8110	−0.006%	$9.1M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8120	+0.050%	$1.6M	$793K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8111	0.000%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8110	−0.006%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8061	−0.276%	$444K	$296K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8068	−0.238%	$767K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8088	−0.127%	$314K	$180K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8110	−0.006%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8111	−0.003%	$5K	$206K	10x	as long as short
Kraken Futures PF_ATOMUSD	+0.0121%	1h	1.8127	+0.090%	$3.1M	$695K	50x	as long as short
BloFin ATOM-USDT	+0.0126%	8h	1.8100	−0.061%	$1.1M	$324K	75x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8100	−0.061%	$660	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1417%	1h	1.8109	−0.014%	$3K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8102	−0.048%	$2K	—	25x	as long as short