Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0133%/8h= −14.6% APRpaid last 24h −0.078%

Price spread now: Deribit against KuCoin+0.028%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Deribit is 0.028% dearer against KuCoin than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATOMUSDTM	1.7680	0.0100	pay 0.0100% / 8h	5h 57m	$1.5M	$651K	50x
Short	Deribit ATOM_USDC-PERPETUAL	1.7685	−0.0033	pay 0.0004% / 1h	57m 06s	$486	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$27.93
Price spread: +0.028% → 0.000%: $2.83
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$44.1
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Deribit: 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 KuCoin live order book, 2 min ago	2.83 bp	22.1 bp −$22	121.9 bp −$1,219	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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 exchanges

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-PERPETUALshort	−0.0033%	1h	1.7685	+0.028%	$486	—	25x
Hyperliquid ATOM	−0.0026%	1h	1.7667	−0.074%	$3.2M	$861K	5x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.7685	+0.028%	$64K	$7K	10x	as long as short
Bybit ATOMUSDT	0.0000%	8h	1.7680	0.000%	$14.9M	$9.6M	75x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.7688	+0.048%	$9K	—	150x	as long as short
Kraken Futures PF_ATOMUSD	+0.0061%	1h	1.7708	+0.158%	$2.9M	$768K	50x	as long as short
Variational Omni ATOM	+0.0071%	8h	1.7711	+0.174%	$562K	$83K	—	as long as short
BloFin ATOM-USDT	+0.0098%	8h	1.7660	−0.113%	$1.1M	$318K	75x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.7692	+0.069%	$961K	$130K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.7690	+0.057%	$21.8M	$32.0M	75x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ATOM-USDT-SWAP	+0.0100%	8h	1.7680	0.000%	$5.0M	$5.7M	50x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.7680	0.000%	$2.4M	$727K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.7680	0.000%	$22.2M	$7.0M	200x	as long as short
KuCoin ATOMUSDTMlong	+0.0100%	8h	1.7680	long leg	$1.5M	$651K	50x
Bitget ATOMUSDT	+0.0100%	8h	1.7679	−0.006%	$6.5M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.7670	−0.057%	—	$43.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.7714	+0.195%	$436K	$298K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.7689	+0.050%	$757K	$2.5M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.7668	−0.068%	$308K	$154K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.7680	0.000%	$1.5M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.7681	+0.003%	$5K	$278K	10x	as long as short
Injective ATOM/USDC PERP	+0.0129%	1h	1.7680	0.000%	$645	$290K	12x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0136%	1h	1.7830	+0.848%	$25K	$5K	25x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0197% / S −0.1340%	1h	1.7688	+0.048%	$2K	—	120x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.7673	−0.040%	$2K	—	25x	as long as short