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Cosmos (ATOM) perpetual futures

ATOM perpetual contracts on 25 reviewed venues.

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Price$1.67from Binance
Total open interest$39.1msummed over 17 venues
Funding spread (annualized)85.88%GMX vs OKX
Exchanges17venues with a funding rate

Funding rates

Annualized rates across exchanges

GMXDEX
+17.53%
BitgetCEX
+10.95%
BingXCEX
+10.95%
HTXCEX
+10.95%
AsterDEX
+10.95%
dYdXDEX
0.00%
Gate.ioCEX
-10.84%
KuCoinCEX
-14.56%

Open interest

Per-exchange open interest

BybitBybit
$13.1m
Gate.ioGate.io
$6.8m
BitgetBitget
$5.4m
OKXOKX
$4.4m
Kraken
$2.7m
HyperliquidHyperliquid
$2.5m
KuCoinKuCoin
$1.6m
PhemexPhemex
$1.6m

What the ATOM data shows

Funding direction differs by venue: longs pay on GMX, Bitget, and 3 more; longs receive on Gate.io, KuCoin, and 9 more; the rate is zero on dYdX. The rates run from +17.53% a year on GMX to -68.34% on OKX.

Deribit quoted ATOM at $1.68 and HTX at $1.67, a gap of 45.0 bps.

No venue holds half of the $39.1m in reported ATOM open interest. Bybit has the largest share, 33.5%, and Gate.io is next with 17.4%.

The ATOM settlement periods differ: 12 venues settle every 8 hours; 3 venues settle every hour.

CoinGecko ranked ATOM number 83 by market value on October 3, 2026, at $886.5m. Its price fell 7.9% in the 7 days before that date. The open interest in this read equals 4.4% of that value.

  • Source: public APIs of 17 venues for ATOM, read at October 3, 2026, 02:17 UTC.
  • Market value: CoinGecko snapshot of October 3, 2026.

Where to Trade Cosmos (ATOM) Perpetual Futures

Fees and leverage limits apply venue-wide; confirm ATOM limits with the venue.

VenueMakerTakerMax leverageRatingTrade
0.015%0.045%40x9.2ATOM
0.010%0.050%50x9.0ATOM
0.04% or 0.06% position fee100x8.5ATOM
0.035% position fee1000x8.0ATOM
0.010%0.035%50x8.0ATOM
0.020%0.050%100x8.0ATOM
0.010%0.020%100x7.8ATOM
Free0.030%50x7.8ATOM
-0.010%0.017%1000x7.8ATOM
0.050%0.080%20x7.5ATOM
Free0.040%200x7.5ATOM
0.040%0.045%100x7.5ATOM
Free0.000%50x7.5ATOM
Free0.000%50x7.5ATOM
0.03% position fee100x7.5ATOM
0.01% or 0.045% position fee100x7.0ATOM
0.045% or 0.055% position fee100x7.0ATOM
Free0.025%100x7.0ATOM
-0.000%0.045%50x7.0ATOM
0.04% or 0.06% position fee100x6.5ATOM
0.020%0.050%100x6.5ATOM
0.020%0.050%50x6.5ATOM
0.015%0.040%50x6.5ATOM
0.010%0.035%100x6.0ATOM
0.020%0.050%100x6.0ATOM

Cosmos (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.

Frequently Asked Questions — Cosmos (ATOM)

What funding data is available for ATOM?

17 venues report an ATOM funding rate in this read.

An annualized ATOM rate extrapolates one reading and does not predict a return.

What open interest data is available for ATOM?

12 venues report positive ATOM open interest in this read.

The ATOM total leaves out venues outside the read.

Which mapped venue has the lowest recorded ATOM taker fee?

Paradex lists 0.000% and Lighter lists 0.000%, the two lowest of 19 mapped ATOM maker/taker schedules.

6 ATOM venues charge a position fee and are not compared.

Category: Layer 1