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

ATOM

all ATOM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.34 per $10,000 · paid last 24h −0.015%
Price spread now: OKX against Phemex−0.168%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$640.641% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 4 days (all we have)−0.305%−$30 · spread now −0.168%, 7d avg −0.071%
Together, before fees−0.312%−$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.097% cheaper against Phemex than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.071%). If the spread goes back, that is −$10 on $10k: about 9.6 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ATOMUSDT1.78800.0066pay 0.0066% / 8h6h 57m$1.6M$1.9M50x
ShortOKX ATOM-USDT-SWAP1.78500.0100get 0.0100% / 8h6h 57m$5.1M$6.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$7.05
Price spread: −0.168% → −0.071%
−$9.67
Slippage, 4 orders
−$42.08
Fee Phemex: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$66.7
Costs to cover
0.641%
Break-even
73.3 days
Slippage from Phemex: live order book, 5 min ago; OKX: live order book, 5 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 Phemex live order book, 5 min ago2.79 bp20.5 bp −$2036.6 bp −$366117.8 bp −$11.8Kdoesn't fit
Sell OKX live order book, 5 min ago2.79 bp16.5 bp −$1757.9 bp −$579doesn't fitdoesn'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
Kraken Futures PF_ATOMUSD−0.0180%1h1.7881+0.006%$2.9M$780K50xas long as short
Hyperliquid ATOM−0.0144%1h1.7854−0.145%$3.1M$845K5xas long as short
Deribit ATOM_USDC-PERPETUAL−0.0141%1h1.78800.000%$49225xas long as short
Coinbase International ATOM-PERP-INTX−0.0136%1h1.7700−1.007%$24K$4K25xas long as short
dYdX ATOM-USD0.0000%1h1.7875−0.027%$65K$7K10xas long as short
gTrade (Gains Network) ATOM/USDL 0.0000% / S +0.0001%1h1.7905+0.139%$9K150xas long as short
Phemex ATOMUSDTlong+0.0066%8h1.7880long leg$1.6M$1.9M50x
BloFin ATOM-USDT+0.0090%8h1.7850−0.168%$932K$349K75xas long as short
Injective ATOM/USDC PERP+0.0099%1h1.7920+0.224%$654$290K12xas long as short
Bybit ATOMUSDT+0.0100%8h1.7840−0.224%$15.0M$10.1M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ATOMUSDT+0.0100%8h1.7836−0.244%$969K$132K20xas long as short
Binance ATOMUSDT+0.0100%8h1.7851−0.165%$21.3M$31.8M75xas long as short
OKX ATOM-USDT-SWAPshort+0.0100%8h1.7850−0.168%$5.1M$6.0M50x
Gate ATOM_USDT+0.0100%8h1.7870−0.056%$2.4M$702K75xas long as short
MEXC ATOM_USDT+0.0100%8h1.7840−0.224%$8.3M$5.1M200xas long as short
KuCoin ATOMUSDTM+0.0100%8h1.7870−0.056%$1.5M$658K50xas long as short
Bitget ATOMUSDT+0.0100%8h1.7854−0.145%$6.6M$3.0M75xas long as short
BingX ATOM-USDT+0.0100%8h1.7850−0.168%$7.3Mas long as short
Variational Omni ATOM+0.0100%8h1.7882+0.009%$568K$84Kas long as short
edgeX ATOMUSDC+0.0100%4h1.7893+0.072%$440K$297K10xas long as short
GRVT ATOM_USDT_Perp+0.0100%8h1.7893+0.071%$764K$2.6M10xas long as short
HTX ATOM-USDT+0.0100%8h1.7871−0.050%$312K$149K75xas long as short
Extended ATOM-USD+0.0104%1h1.7846−0.191%$7K$275K10xas long as short
GMX ATOM/USD [ETH-USDC]L +0.0197% / S −0.1340%1h1.7905+0.138%$2K120xas long as short
Reya ATOMRUSDPERP+0.0228%1h1.7860−0.112%$2K25xas long as short