Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1317%/8h= +144.2% APRpaid last 24h +0.213%

Price spread now: GMX against KuCoin+0.065%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 GMX

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

Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and GMX is 0.065% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATOMUSDTM	1.8100	0.0100	pay 0.0100% / 8h	5h 06m	$1.6M	$688K	50x
Short	GMX ATOM/USD [ETH-USDC]	1.8112	L +0.0198% / S −0.1417%	get 0.0177% / 1h	6m 49s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $276.47
Price spread: +0.065% → 0.000%: $6.48
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $258.95
Costs to cover: 0.240%
Break-even: 0.4 days

Slippage unknown: KuCoin: live order book, 9 min ago; GMX: 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, 9 min ago	5.49 bp	22.2 bp −$22	130.5 bp −$1,305	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0224%	1h	1.7940	−0.884%	$25K	$6K	25x	as long as short
Deribit ATOM_USDC-PERPETUAL	−0.0192%	1h	1.8095	−0.028%	$497	$10K	25x	as long as short
Variational Omni ATOM	−0.0062%	8h	1.8146	+0.257%	$580K	$74K	—	as long as short
OKX ATOM-USDT-SWAP	−0.0034%	8h	1.8070	−0.166%	$5.1M	$5.5M	50x	as long as short
Bybit ATOMUSDT	−0.0017%	8h	1.8070	−0.166%	$15.1M	$9.9M	75x	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8116	+0.090%	$63K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8105	+0.028%	$804	—	150x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8073	−0.149%	$2.8M	$744K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8104	+0.023%	$981K	$239K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8090	−0.055%	$21.5M	$30.1M	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_USDT	+0.0100%	8h	1.8080	−0.110%	$2.5M	$830K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8080	−0.110%	$8.6M	$3.1M	200x	as long as short
KuCoin ATOMUSDTMlong	+0.0100%	8h	1.8100	long leg	$1.6M	$688K	50x
Bitget ATOMUSDT	+0.0100%	8h	1.8100	0.000%	$6.8M	$2.7M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8090	−0.055%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8122	+0.123%	$446K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8129	+0.162%	$775K	$2.7M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8065	−0.193%	$314K	$180K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8100	0.000%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8088	−0.065%	$7K	$200K	10x	as long as short
BloFin ATOM-USDT	+0.0122%	8h	1.8080	−0.110%	$1.1M	$300K	75x	as long as short
Kraken Futures PF_ATOMUSD	+0.0123%	1h	1.8110	+0.056%	$3.1M	$719K	50x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8130	+0.166%	$661	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0198% / S −0.1417%	1h	1.8112	+0.065%	$3K	—	120x
Reya ATOMRUSDPERP	+0.0228%	1h	1.8084	−0.086%	$2K	—	25x	as long as short