Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.013%

Price spread now: dYdX against Phemex−0.010%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ATOMUSDT	1.8040	0.0100	pay 0.0100% / 8h	2h 07m	$1.6M	$1.9M	50x
Short	dYdX ATOM-USD	1.8038	0	get 0.0000% / 1h	7m 47s	$63K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phemex. 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 PhemexbpFee dYdXbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$21
Price spread: −0.010% → 0.000%: −$1
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$44
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; dYdX: 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 Phemex live order book, 6 min ago	8.31 bp	18.6 bp −$19	38.5 bp −$385	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0304%	1h	1.8047	+0.039%	$496	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0053%	8h	1.8010	−0.166%	$5.2M	$5.0M	50x	as long as short
Variational Omni ATOM	−0.0017%	8h	1.8025	−0.086%	$576K	$18K	—	as long as short
Coinbase International ATOM-PERP-INTX	−0.0008%	1h	1.8190	+0.831%	$26K	$12K	25x	as long as short
Bybit ATOMUSDT	−0.0002%	8h	1.8020	−0.111%	$15.2M	$10.4M	75x	as long as short
dYdX ATOM-USDshort	0.0000%	1h	1.8038	−0.010%	$63K	$4K	10x
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8048	+0.044%	$9K	—	150x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8024	−0.089%	$2.8M	$914K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8042	+0.013%	$982K	$243K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8039	−0.004%	$21.5M	$30.3M	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	1.8020	−0.111%	$2.5M	$834K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8040	0.000%	$9.1M	$2.9M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8040	0.000%	$1.6M	$825K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8046	+0.033%	$6.8M	$2.7M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8030	−0.055%	—	$24.6M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8044	+0.025%	$444K	$293K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8050	+0.055%	$770K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8043	+0.017%	$308K	$185K	75x	as long as short
Phemex ATOMUSDTlong	+0.0100%	8h	1.8040	long leg	$1.6M	$1.9M	50x
Extended ATOM-USD	+0.0104%	1h	1.8037	−0.016%	$6K	$184K	10x	as long as short
BloFin ATOM-USDT	+0.0128%	8h	1.8070	+0.166%	$1.1M	$325K	75x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8060	+0.111%	$659	$174K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0201% / S −0.1854%	1h	1.8048	+0.043%	$3K	—	120x	as long as short
Kraken Futures PF_ATOMUSD	+0.0204%	1h	1.8067	+0.150%	$3.1M	$663K	50x	as long as short
Reya ATOMRUSDPERP	+0.0228%	1h	1.8025	−0.085%	$2K	—	25x	as long as short