Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.015%

Price spread now: dYdX against Bybit+0.143%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.143% dearer against Bybit than usual: you sell high and buy low (spread +0.143% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATHUSDT	0.005524	0.0100	pay 0.0050% / 4h	1h 59m	$4.4M	$2.7M	25x
Short	dYdX ATH-USD	0.005532	0	get 0.0000% / 1h	59m 14s	$11K	$59	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$21
Price spread: +0.143% → 0.000%: $14.29
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$27.71
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	5.41 bp	37.0 bp −$37	172.0 bp −$1,720	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	−0.2366%	1h	0.005528	+0.078%	$17K	$109K	10x	as long as short
Variational Omni ATH	−0.0126%	4h	0.005522	−0.037%	$185K	$93K	—	as long as short
dYdX ATH-USDshort	0.0000%	1h	0.005532	+0.143%	$11K	$59	5x
Aster ATHUSDT	+0.0100%	4h	0.005532	+0.151%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005532	+0.151%	$3.3M	$4.4M	50x	as long as short
Bybit ATHUSDTlong	+0.0100%	4h	0.005524	long leg	$4.4M	$2.7M	25x
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005524	0.000%	$713K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005527	+0.054%	$791K	$604K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005533	+0.163%	$8.9M	$665K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005526	+0.036%	$553K	$79K	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	0.005532	+0.145%	$1.6M	$914K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005533	+0.163%	—	$21.4M	—	as long as short
BloFin ATH-USDT	+0.0104%	4h	0.005547	+0.416%	$164K	$71K	75x	as long as short