Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.013%

Price spread now: Injective against Gate0.000%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1271.270% of the position

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.437%+$44 on $10k

Price spread, last 3 days (all we have)+0.138%+$14 · spread now 0.000%, 7d avg +0.107%

Together, before fees+0.575%+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.107% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.107%). If the spread goes back, that is −$11 on $10k: about 8.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.437% in total) that is about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ATOM_USDT	1.8210	0.0100	pay 0.0100% / 8h	56m 30s	$2.5M	$842K	75x
Short	Injective ATOM/USDC PERP	1.8210	0.0143	get 0.0018% / 1h	56m 30s	$664	$290K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now 0.000%Rate

Funding earned: $9.07
Price spread: 0.000% → +0.107%: −$10.68
Slippage, 4 orders: −$111.97
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$128.61
Costs to cover: 1.270%
Break-even: 106.3 days

Slippage from Gate: live order book, 1 min ago; Injective: live order book, 8 min ago.

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 Gate live order book, 1 min ago	2.75 bp	28.3 bp −$28	88.6 bp −$886	doesn't fit	doesn't fit
Sell Injective live order book, 8 min ago	35.67 bp	35.7 bp −$36	doesn't fit	doesn't fit	doesn't fit

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
Deribit ATOM_USDC-PERPETUAL	−0.0134%	1h	1.8208	−0.011%	$501	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0095%	8h	1.8200	−0.055%	$5.2M	$5.4M	50x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8217	+0.041%	$64K	$3K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8217	+0.038%	$9K	—	150x	as long as short
Variational Omni ATOM	+0.0002%	8h	1.8183	−0.151%	$581K	$81K	—	as long as short
Coinbase International ATOM-PERP-INTX	+0.0008%	1h	1.8150	−0.329%	$25K	$12K	25x	as long as short
Bybit ATOMUSDT	+0.0010%	8h	1.8200	−0.055%	$15.3M	$10.6M	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8218	+0.044%	$2.8M	$862K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8210	0.000%	$991K	$235K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8220	+0.055%	$21.8M	$30.8M	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_USDTlong	+0.0100%	8h	1.8210	long leg	$2.5M	$842K	75x
MEXC ATOM_USDT	+0.0100%	8h	1.8200	−0.055%	$9.1M	$2.8M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8220	+0.055%	$1.6M	$833K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8205	−0.027%	$6.9M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8220	+0.055%	—	$24.8M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8204	−0.035%	$448K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8210	0.000%	$770K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8186	−0.132%	$311K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8220	+0.055%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8216	+0.034%	$6K	$184K	10x	as long as short
BloFin ATOM-USDT	+0.0119%	8h	1.8200	−0.055%	$1.1M	$338K	75x	as long as short
Injective ATOM/USDC PERPshort	+0.0143%	1h	1.8210	0.000%	$664	$290K	12x
GMX ATOM/USD [ETH-USDC]	L +0.0203% / S −0.2202%	1h	1.8212	+0.014%	$4K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8195	−0.082%	$2K	—	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0242%	1h	1.8226	+0.087%	$3.1M	$675K	50x	as long as short