Funding arb · Price arb /

DASH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0479%/8h= −52.4% APRpaid last 24h −0.136%

Price spread now: MEXC against GMX+0.025%7-day average −0.054% · you sell dearer than you buy

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

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.315%−$31 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.025%, 7d avg −0.054%

Together, before fees−0.307%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.079% dearer against GMX than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.054%): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DASH/USD [WBTC.b-USDC]	59.755	L +0.0579% / S −0.0536%	pay 0.0072% / 1h	29m 18s	$153K	—	50x
Short	MEXC DASH_USDT	59.770	0.0100	get 0.0100% / 8h	6h 29m	$21.7M	$10.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee MEXCbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$100.51
Price spread: +0.025% → −0.054%: $7.91
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$104.6
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 4 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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	1.69 bp	4.0 bp −$4	10.8 bp −$108	78.9 bp −$7,890	doesn't fit

GMX: 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.

DASH on 21 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
Deribit DASH_USDC-PERPETUAL	0.0000%	1h	59.750	−0.008%	$239	$2K	50x	as long as short
Injective DASH/USDC PERP	+0.0033%	1h	58.850	−1.514%	$7	$134K	5.5x	as long as short
Lighter DASH	+0.0096%	1h	59.775	+0.034%	$123K	$108K	10x	as long as short
Aster DASHUSDT	+0.0100%	8h	59.888	+0.222%	$138K	$336K	20x	as long as short
Binance DASHUSDT	+0.0100%	8h	59.772	+0.029%	$28.6M	$85.2M	75x	as long as short
Bybit DASHUSDT	+0.0100%	8h	59.820	+0.109%	$10.7M	$18.3M	75x	as long as short
OKX DASH-USDT-SWAP	+0.0100%	4h	59.820	+0.109%	$5.6M	$26.6M	50x	as long as short
Gate DASH_USDT	+0.0100%	8h	59.790	+0.059%	$1.8M	$2.6M	50x	as long as short
MEXC DASH_USDTshort	+0.0100%	8h	59.770	+0.025%	$21.7M	$10.6M	100x
KuCoin DASHUSDTM	+0.0100%	8h	59.880	+0.209%	$8.3M	$3.7M	30x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DASHUSDT	+0.0100%	8h	59.760	+0.009%	$6.7M	$2.8M	50x	as long as short
BingX DASH-USDT	+0.0100%	8h	59.740	−0.025%	—	$7.2M	—	as long as short
Variational Omni DASH	+0.0100%	8h	59.476	−0.467%	$313K	$271K	—	as long as short
SunX DASH-USDT	+0.0100%	8h	59.760	+0.009%	$25K	$1.2M	20x	as long as short
SoDEX DASH-USD	+0.0100%	1h	59.715	−0.067%	$274K	$4K	5x	as long as short
HTX DASH-USDT	+0.0100%	8h	59.980	+0.377%	$125K	$202K	30x	as long as short
Extended DASH-USD	+0.0104%	1h	59.762	+0.013%	$11K	$211K	10x	as long as short
Coinbase International DASH-PERP-INTX	+0.0352%	1h	59.870	+0.193%	$98K	$228K	25x	as long as short
Hyperliquid DASH	+0.0449%	1h	60.003	+0.415%	$4.6M	$2.4M	5x	as long as short
GMX DASH/USD [WBTC.b-USDC]long	L +0.0579% / S −0.0536%	1h	59.755	long leg	$153K	—	50x
Kraken Futures PF_DASHUSD	+0.0903%	1h	59.770	+0.026%	$745K	$2.9M	25x	as long as short