Funding arb · Price arb /

ATOM

all ATOM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.055%

Price spread now: Reya against Phemex−0.070%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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.070% cheaper against Phemex than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 44 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ATOMUSDT	1.8110	0.0100	pay 0.0100% / 8h	22m 13s	$1.6M	$1.9M	50x
Short	Reya ATOMRUSDPERP	1.8097	0.0228	get 0.0029% / 1h	22m 13s	$2K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.070%Rate

Funding earned: $26.93
Price spread: −0.070% → 0.000%: −$7.05
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.88
Costs to cover: 0.180%
Break-even: 6.5 days

Slippage unknown: Phemex: live order book, 1 min ago; Reya: 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, 1 min ago	5.53 bp	19.1 bp −$19	42.9 bp −$429	111.4 bp −$11.1K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
OKX ATOM-USDT-SWAP	−0.0071%	8h	1.8090	−0.110%	$5.2M	$5.5M	50x	as long as short
Bybit ATOMUSDT	−0.0017%	8h	1.8090	−0.110%	$15.2M	$10.7M	75x	as long as short
Variational Omni ATOM	−0.0014%	8h	1.8073	−0.205%	$578K	$80K	—	as long as short
dYdX ATOM-USD	0.0000%	1h	1.8087	−0.128%	$63K	$4K	10x	as long as short
Deribit ATOM_USDC-PERPETUAL	0.0000%	1h	1.8118	+0.044%	$498	$10K	25x	as long as short
gTrade (Gains Network) ATOM/USD	L 0.0000% / S +0.0001%	1h	1.8108	−0.011%	$9K	—	150x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0008%	1h	1.8150	+0.221%	$25K	$12K	25x	as long as short
BloFin ATOM-USDT	+0.0074%	8h	1.8030	−0.442%	$1.1M	$335K	75x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8108	−0.011%	$2.8M	$854K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8087	−0.128%	$984K	$235K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ATOMUSDT	+0.0100%	8h	1.8112	+0.013%	$21.6M	$31.0M	75x	as long as short
Gate ATOM_USDT	+0.0100%	8h	1.8100	−0.055%	$2.5M	$846K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8100	−0.055%	$9.2M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8110	0.000%	$1.6M	$834K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8105	−0.028%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8090	−0.110%	—	$24.8M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8064	−0.256%	$444K	$294K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8090	−0.108%	$775K	$3.0M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8105	−0.028%	$310K	$174K	75x	as long as short
Phemex ATOMUSDTlong	+0.0100%	8h	1.8110	long leg	$1.6M	$1.9M	50x
Extended ATOM-USD	+0.0104%	1h	1.8107	−0.019%	$6K	$184K	10x	as long as short
Injective ATOM/USDC PERP	+0.0143%	1h	1.8070	−0.221%	$659	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]	L +0.0203% / S −0.2202%	1h	1.8119	+0.052%	$4K	—	120x	as long as short
Reya ATOMRUSDPERPshort	+0.0228%	1h	1.8097	−0.070%	$2K	—	25x
Kraken Futures PF_ATOMUSD	+0.0243%	1h	1.8131	+0.115%	$3.1M	$682K	50x	as long as short