Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.038%

Price spread now: Reya against Gate−0.100%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.100% cheaper against Gate than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ATOM_USDT	1.8100	0.0100	pay 0.0100% / 8h	1h 31m	$2.5M	$842K	75x
Short	Reya ATOMRUSDPERP	1.8082	0.0228	get 0.0029% / 1h	31m 26s	$2K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.100%Rate

Funding earned: $26.93
Price spread: −0.100% → 0.000%: −$9.95
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: −$4.02
Costs to cover: 0.210%
Break-even: 8.0 days

Slippage unknown: Gate: live order book, 1 min ago; Reya: no order-book sample. 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 Gate live order book, 1 min ago	5.53 bp	27.0 bp −$27	98.4 bp −$984	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Deribit ATOM_USDC-PERPETUAL	−0.0192%	1h	1.8089	−0.061%	$497	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0086%	8h	1.8080	−0.110%	$5.2M	$5.2M	50x	as long as short
Variational Omni ATOM	−0.0012%	8h	1.8093	−0.039%	$579K	$42K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8110	+0.055%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8096	−0.020%	$9K	—	150x	as long as short
Bybit ATOMUSDT	+0.0011%	8h	1.8095	−0.028%	$15.3M	$10.5M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0032%	1h	1.8150	+0.276%	$25K	$12K	25x	as long as short
Kraken Futures PF_ATOMUSD	+0.0100%	1h	1.8116	+0.088%	$3.1M	$678K	50x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8098	−0.011%	$2.8M	$910K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8093	−0.040%	$984K	$235K	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	1.8105	+0.027%	$21.6M	$30.8M	75x	as long as short
Gate ATOM_USDTlong	+0.0100%	8h	1.8100	long leg	$2.5M	$842K	75x
MEXC ATOM_USDT	+0.0100%	8h	1.8080	−0.110%	$9.1M	$2.8M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8110	+0.055%	$1.6M	$840K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8090	−0.055%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8090	−0.055%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8101	+0.007%	$445K	$295K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8105	+0.025%	$771K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8095	−0.028%	$310K	$179K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8080	−0.110%	$1.6M	$1.9M	50x	as long as short
BloFin ATOM-USDT	+0.0101%	8h	1.8080	−0.110%	$1.1M	$335K	75x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8103	+0.014%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8100	0.000%	$660	$233K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0203% / S −0.2202%	1h	1.8101	+0.003%	$4K	—	120x	as long as short
Reya ATOMRUSDPERPshort	+0.0228%	1h	1.8082	−0.100%	$2K	—	25x