Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.027%

Price spread now: dYdX against BloFin+0.035%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.035% dearer against BloFin than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ATH-USDT	0.005503	0.0134	pay 0.0067% / 4h	3h 57m	$166K	$69K	75x
Short	dYdX ATH-USD	0.005505	0	get 0.0000% / 1h	57m 06s	$11K	$57	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$28.2
Price spread: +0.035% → 0.000%: $3.5
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$46.7
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 33 min ago; dYdX: 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 BloFin live order book, 33 min ago	6.34 bp	22.2 bp −$22	58.4 bp −$584	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.2147%	1h	0.005483	−0.357%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0107%	4h	0.005482	−0.390%	$184K	$93K	—	as long as short
dYdX ATH-USDshort	0.0000%	1h	0.005505	+0.035%	$11K	$57	5x
Aster ATHUSDT	+0.0100%	4h	0.005496	−0.132%	$5K	$42K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005492	−0.193%	$3.3M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005481	−0.400%	$4.3M	$2.6M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005481	−0.400%	$702K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005484	−0.345%	$785K	$579K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005492	−0.200%	$8.9M	$642K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005487	−0.291%	$553K	$78K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005486	−0.309%	$1.5M	$890K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005488	−0.273%	—	$21.6M	—	as long as short
BloFin ATH-USDTlong	+0.0134%	4h	0.005503	long leg	$166K	$69K	75x