Settings8H · net · $10k
Funding arb · Price arb /

ATOM

all ATOM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Phemex against Hyperliquid+0.044%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$600.597% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.119%−$12 on $10k
Price spread, last 4 days (all we have)+0.339%+$34 · spread now +0.044%, 7d avg +0.042%
Together, before fees+0.220%+ Points / potential airdropHyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ATOM1.80220.0100pay 0.0013% / 1h51m 50s$2.8M$727K5x
ShortPhemex ATOMUSDT1.80300.0100get 0.0100% / 8h4h 51m$1.6M$1.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Hyperliquid. 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

Funding earned
$0
Price spread: +0.044% → +0.042%
$0.22
Slippage, 4 orders
−$38.74
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$59.52
Costs to cover
0.597%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Phemex: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 9 min ago1.66 bp15.5 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 1 min ago2.77 bp14.5 bp −$1442.8 bp −$428127.8 bp −$12.8Kdoesn't fit

ATOM on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International ATOM-PERP-INTX−0.0312%1h1.7940−0.455%$25K$4K25xas long as short
Deribit ATOM_USDC-PERPETUAL−0.0194%1h1.8024+0.011%$495$10K25xas long as short
Variational Omni ATOM−0.0068%8h1.8102+0.444%$577K$74Kas long as short
Bybit ATOMUSDT−0.0056%8h1.8020−0.011%$15.0M$9.8M75xas long as short
OKX ATOM-USDT-SWAP−0.0018%8h1.8010−0.067%$5.0M$5.5M50xas long as short
dYdX ATOM-USD0.0000%1h1.8067+0.249%$63K$4K10xas long as short
gTrade (Gains Network) ATOM/USDL +0.0001% / S +0.0001%1h1.8035+0.074%$801150xas long as short
Hyperliquid ATOMlong+0.0100%1h1.8022long leg$2.8M$727K5x
Aster ATOMUSDT+0.0100%8h1.8045+0.127%$978K$234K20xas long as short
Binance ATOMUSDT+0.0100%8h1.8027+0.026%$21.4M$29.7M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ATOM_USDT+0.0100%8h1.8030+0.044%$2.5M$807K75xas long as short
MEXC ATOM_USDT+0.0100%8h1.8020−0.011%$8.5M$3.0M200xas long as short
KuCoin ATOMUSDTM+0.0100%8h1.8050+0.155%$1.6M$672K50xas long as short
Bitget ATOMUSDT+0.0100%8h1.8029+0.039%$6.8M$2.6M75xas long as short
BingX ATOM-USDT+0.0100%8h1.8040+0.100%$24.6Mas long as short
edgeX ATOMUSDC+0.0100%4h1.8086+0.354%$445K$294K10xas long as short
GRVT ATOM_USDT_Perp+0.0100%8h1.8024+0.013%$761K$2.7M10xas long as short
HTX ATOM-USDT+0.0100%8h1.8015−0.039%$314K$176K75xas long as short
Phemex ATOMUSDTshort+0.0100%8h1.8030+0.044%$1.6M$1.9M50x
Extended ATOM-USD+0.0104%1h1.8020−0.013%$5K$204K10xas long as short
Injective ATOM/USDC PERP+0.0116%1h1.8110+0.488%$661$290K12xas long as short
BloFin ATOM-USDT+0.0129%8h1.8070+0.266%$1.1M$298K75xas long as short
GMX ATOM/USD [ETH-USDC]L +0.0198% / S −0.1417%1h1.8030+0.047%$3K120xas long as short
Reya ATOMRUSDPERP+0.0228%1h1.8024+0.009%$2K25xas long as short
Kraken Futures PF_ATOMUSD+0.0357%1h1.8040+0.099%$3.1M$712K50xas long as short