Funding arb · Price arb /

ATOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1470%/8h= +161.0% APRpaid last 24h +0.220%

Price spread now: GMX against Variational Omni+0.138%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and GMX is 0.138% dearer against Variational Omni than usual: you sell high and buy low: +$14 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	Variational Omni ATOM	1.8122	−0.0054	get 0.0054% / 8h	7h 11m	$580K	$78K	—
Short	GMX ATOM/USD [ETH-USDC]	1.8147	L +0.0198% / S −0.1417%	get 0.0177% / 1h	11m 17s	$3K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $308.75
Price spread: +0.138% → 0.000%: $13.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $310.56
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 63 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 Variational Omni RFQ quote, 63 min ago	5.48 bp	doesn't fit	27.3 bp −$273	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
Deribit ATOM_USDC-PERPETUAL	−0.0301%	1h	1.8133	+0.061%	$498	$10K	25x	as long as short
OKX ATOM-USDT-SWAP	−0.0060%	8h	1.8120	−0.011%	$5.2M	$5.6M	50x	as long as short
Variational Omni ATOMlong	−0.0054%	8h	1.8122	long leg	$580K	$78K	—
dYdX ATOM-USD	0.0000%	1h	1.8157	+0.194%	$64K	$4K	10x	as long as short
gTrade (Gains Network) ATOM/USD	L +0.0001% / S +0.0001%	1h	1.8150	+0.154%	$1K	—	150x	as long as short
Bybit ATOMUSDT	+0.0015%	8h	1.8128	+0.033%	$15.2M	$10.7M	75x	as long as short
Coinbase International ATOM-PERP-INTX	+0.0080%	1h	1.8080	−0.232%	$25K	$12K	25x	as long as short
Hyperliquid ATOM	+0.0100%	1h	1.8145	+0.127%	$2.8M	$851K	5x	as long as short
Aster ATOMUSDT	+0.0100%	8h	1.8146	+0.132%	$987K	$226K	20x	as long as short
Binance ATOMUSDT	+0.0100%	8h	1.8139	+0.096%	$21.6M	$31.3M	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	1.8150	+0.154%	$2.5M	$854K	75x	as long as short
MEXC ATOM_USDT	+0.0100%	8h	1.8140	+0.099%	$9.1M	$3.0M	200x	as long as short
KuCoin ATOMUSDTM	+0.0100%	8h	1.8160	+0.210%	$1.6M	$791K	50x	as long as short
Bitget ATOMUSDT	+0.0100%	8h	1.8130	+0.044%	$6.8M	$2.8M	75x	as long as short
BingX ATOM-USDT	+0.0100%	8h	1.8140	+0.099%	—	$24.7M	—	as long as short
edgeX ATOMUSDC	+0.0100%	4h	1.8103	−0.105%	$445K	$296K	10x	as long as short
GRVT ATOM_USDT_Perp	+0.0100%	8h	1.8150	+0.156%	$770K	$2.9M	10x	as long as short
HTX ATOM-USDT	+0.0100%	8h	1.8118	−0.022%	$315K	$180K	75x	as long as short
Phemex ATOMUSDT	+0.0100%	8h	1.8150	+0.154%	$1.6M	$1.9M	50x	as long as short
Extended ATOM-USD	+0.0104%	1h	1.8142	+0.112%	$5K	$206K	10x	as long as short
BloFin ATOM-USDT	+0.0113%	8h	1.8140	+0.099%	$1.1M	$325K	75x	as long as short
Kraken Futures PF_ATOMUSD	+0.0121%	1h	1.8144	+0.119%	$3.1M	$695K	50x	as long as short
Injective ATOM/USDC PERP	+0.0132%	1h	1.8170	+0.265%	$663	$290K	12x	as long as short
GMX ATOM/USD [ETH-USDC]short	L +0.0198% / S −0.1417%	1h	1.8147	+0.138%	$3K	—	120x
Reya ATOMRUSDPERP	+0.0228%	1h	1.8132	+0.054%	$2K	—	25x	as long as short