Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.004%

Price spread now: Bybit against gTrade (Gains Network)−0.123%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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 0.123% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.1 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	gTrade (Gains Network) ATOM/USD	1.7766	L +0.0001% / S +0.0001%	pay 0.0000% / 1h	2m 55s	$789	—	150x
Short	Bybit ATOMUSDT	1.7744	0.0100	get 0.0100% / 8h	3h 02m	$14.7M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.123%Rate

Funding earned: $20.88
Price spread: −0.123% → 0.000%: −$12.33
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.44
Costs to cover: 0.210%
Break-even: 11.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, just now. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, just now	2.82 bp	14.9 bp −$15	36.1 bp −$361	97.4 bp −$9,742	doesn't fit

gTrade (Gains Network): 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	−0.0256%	1h	1.8040	+1.543%	$25K	$4K	25x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.7769	+0.017%	$62K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.7758	−0.044%	$488	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USDlong	L +0.0001% / S +0.0001%	1h	1.7766	long leg	$789	—	150x
Variational Omni ATOM	+0.0035%	8h	1.7782	+0.090%	$564K	$78K	—	as long as short
BloFin ATOM-USDT	+0.0073%	8h	1.7770	+0.023%	$1.1M	$335K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.7755	−0.061%	$2.8M	$711K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7750	−0.089%	$962K	$216K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7752	−0.076%	$21.1M	$30.1M	75x	as long as short
Bybit ATOMUSDTshort	+0.0100%	8h	1.7744	−0.123%	$14.7M	$9.8M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ATOM-USDT-SWAP	+0.0100%	8h	1.7730	−0.202%	$4.9M	$5.6M	50x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.7750	−0.089%	$2.4M	$818K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7750	−0.089%	$7.8M	$3.1M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.7770	+0.023%	$1.6M	$674K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.7752	−0.078%	$6.6M	$2.9M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7750	−0.089%	—	$24.4M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.7781	+0.084%	$437K	$296K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.7790	+0.136%	$754K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7759	−0.039%	$309K	$176K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.7760	−0.033%	$1.5M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7747	−0.104%	$6K	$225K	10x	as long as short
Injective ATOM/USDC PERP	+0.0146%	1h	1.7790	+0.136%	$649	$290K	12x	as long as short
Kraken Futures PF_ATOMUSD	+0.0168%	1h	1.7774	+0.048%	$3.0M	$825K	50x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0198% / S −0.1340%	1h	1.7760	−0.031%	$2K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7747	−0.106%	$2K	—	25x	as long as short