Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.027%

Price spread now: BloFin against dYdX+0.091%92s7-day average — · you sell dearer than you buy

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.091% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ATH-USD	0.005462	0	get 0.0000% / 1h	47m 49s	$11K	$57	5x
Short	BloFin ATH-USDT	0.005467	0.0049	get 0.0024% / 4h	47m 49s	$167K	$72K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now +0.091%Rate

Funding earned: $10.25
Price spread: +0.091% → 0.000%: $9.12
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2.63
Costs to cover: 0.220%
Break-even: 8.8 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 49 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 49 min ago	4.55 bp	29.0 bp −$29	71.3 bp −$713	doesn't fit	doesn't fit

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	−0.2902%	1h	0.005455	−0.128%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0107%	4h	0.005462	+0.001%	$183K	$93K	—	as long as short
dYdX ATH-USDlong	0.0000%	1h	0.005462	long leg	$11K	$57	5x
BloFin ATH-USDTshort	+0.0049%	4h	0.005467	+0.091%	$167K	$72K	75x
Aster ATHUSDT	+0.0100%	4h	0.005462	−0.001%	$5K	$40K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005465	+0.054%	$3.3M	$4.2M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005452	−0.183%	$4.3M	$2.5M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005450	−0.220%	$698K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005451	−0.202%	$778K	$564K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005462	0.000%	$8.8M	$626K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTM	+0.0100%	4h	0.005462	0.000%	$553K	$76K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005462	0.000%	$1.5M	$862K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005457	−0.092%	—	$21.6M	—	as long as short