Live data
Cosmos (ATOM) perpetual futures
Live funding rates, open interest, and measured trade costs for Cosmos. 28 venues in the PerpFinder venue map list ATOM perps.
At a glance
This ATOM funding snapshot covers 2 venues: Hyperliquid and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists ATOM.
- Highest annualized funding
- +10.95%Hyperliquid
- Executable spread
- 10.95% annualizedHyperliquid vs dYdX
More
The highest executable annualized funding rate is +10.95% on Hyperliquid, and the lowest is 0.00% on dYdX.
The executable spread between Hyperliquid and dYdX is 10.95% annualized, from 2 venues that report open interest.
Hyperliquid and dYdX report $3.4m of open interest across the venues in this snapshot that publish it.
The ATOM price in this snapshot comes from Hyperliquid at $1.83.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
dYdXDEXOpen interest
Per-exchange open interest
HyperliquiddYdXLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. ATOM is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Cosmos (ATOM) Perpetual Futures
25 of the 28 venues that list ATOM perps have a PerpFinder review page. The table compares fees, leverage, and features for those 25.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | ATOM → | |
| 0.010% | 0.050% | 50x | 9.0 | ATOM → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens pool imbalance | 100x | 8.5 | ATOM → | ||
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | ATOM → | ||
| 0.010% | 0.035% | 50x | 8.0 | ATOM → | |
| 0.020% | 0.050% | 100x | 8.0 | ATOM → | |
| 0.010% | 0.020% | 100x | 7.8 | ATOM → | |
| Free | 0.030% | 50x | 7.8 | ATOM → | |
| -0.010% | 0.017% | 1000x | 7.8 | ATOM → | |
| 0.050% | 0.080% | 20x | 7.5 | ATOM → | |
| Free | 0.040% | 100x | 7.5 | ATOM → | |
| 0.012% | 0.038% | 100x | 7.5 | ATOM → | |
| Free | 0.000% | 50x | 7.5 | ATOM → | |
| Free | 0.000% | 50x | 7.5 | ATOM → | |
| 0.03% when opening and again when closing; Regular Tier 0 fee for each executed position increase or decrease. Volume tiers can lower it. Price impact and funding are separate. | 100x | 7.5 | ATOM → | ||
| 0.01% or 0.045% when opening and again when closing; crypto standard perps; 0.01% improves the open-interest balance, 0.045% worsens it; forex, commodity and equity markets are 0% and Upside Perps use profit sharing | 100x | 7.0 | ATOM → | ||
| 0.045% or 0.055% when opening and again when closing; VIP Tier 0; 0.045% when an executed open, increase, close, or decrease improves long-short open-interest balance, and 0.055% when it worsens that balance | 100x | 7.0 | ATOM → | ||
| Free | 0.025% | 100x | 7.0 | ATOM → | |
| -0.000% | 0.045% | 50x | 7.0 | ATOM → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens the long and short balance | 100x | 6.5 | ATOM → | ||
| 0.020% | 0.050% | 100x | 6.5 | ATOM → | |
| 0.020% | 0.050% | 50x | 6.5 | ATOM → | |
| 0.015% | 0.040% | 50x | 6.5 | ATOM → | |
| 0.010% | 0.035% | 100x | 6.0 | ATOM → | |
| 0.020% | 0.050% | 100x | 6.0 | ATOM → | |
Market Overview
ATOM perps occupy a contested position in the altcoin derivatives space. The Cosmos Hub's value proposition — providing security and interoperability to the Interchain ecosystem via Interchain Security — has been debated extensively in the ATOM community, and that governance uncertainty has made ATOM funding more volatile relative to its market cap than larger L1 tokens.
Venue structure and liquidity
ATOM perps are available on Binance, Bybit, OKX, and Hyperliquid. DEX venues hold a minor share. Binance has the deepest ATOM book; Bybit is competitive for positions under $75k notional. Coinalyze's ATOM data shows OI trending lower from 2023 peaks as ATOM's narrative has faced headwinds from competing interoperability approaches.
ICS adoption and funding catalysts
Interchain Security (ICS) is the primary fundamental catalyst for ATOM. Each new consumer chain that adopts ICS and pays fees to ATOM stakers adds to the argument for ATOM as a productive asset. An Interchain Security chain launch gives traders a reason to hold ATOM, and that demand raises ATOM funding.
The flip side is that ICS adoption has been slower than early projections. When governance debates about Cosmos Hub's direction surface publicly, OI often drops and funding turns flat or negative as uncertainty discounts the price. The Cosmos governance forum is the primary source for tracking upcoming proposals that affect ATOM's economic model.
Staking yields on ATOM (currently 14-17% APY based on Staking Rewards data) create a meaningful alternative to perp trading for token holders. This reduces the speculative long bias seen in non-yield assets and keeps ATOM funding from sustaining extreme positive rates.
Risk considerations
ATOM's multi-chain governance structure makes protocol direction harder to predict than single-chain L1s. Large treasury spends, ICS incentive changes, and token model revisions all affect price. Cross-reference ATOM funding with the funding rates tool before entering, particularly around governance vote windows.
Trading Tips for Cosmos Perps
ATOM benefits when new projects launch on the Cosmos SDK — including dYdX v4. Monitor Cosmos ecosystem growth metrics and new appchain announcements. ATOM tends to have moderate funding rates, making it a reasonable hold for multi-day swing trades.
Frequently Asked Questions — Cosmos (ATOM)
What is the current ATOM perpetual futures funding rate?
The live Cosmos (ATOM) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists ATOM perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest ATOM perp trading fees?
Among 19 tracked ATOM venues with comparable order-book schedules, Paradex lists the lowest taker fee at 0.000%. Lighter lists 0.000%. 6 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does Cosmos open interest compare across exchanges?
The Cosmos (ATOM) open-interest chart shows the total value of outstanding ATOM derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the ATOM long/short ratio indicate?
The Cosmos long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade ATOM perpetual futures?
Cosmos (ATOM) perps are listed on 25 exchanges, including Hyperliquid, dYdX, GMX, Gains Network, and Bluefin, plus 20 more. The "Where to Trade Cosmos (ATOM) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: Layer 1 · Data updates every 2 minutes · All rates shown are annualized