Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Deribit against Bybit+0.051%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days—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. Deribit is 0.051% dearer against Bybit than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DYDXUSDT	0.1380	0.0100	pay 0.0100% / 8h	1h 11m	$4.6M	$2.3M	75x
Short	Deribit DYDX_USDC-PERPETUAL	0.1381	0	get 0.0000% / 1h	11m 03s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$21
Price spread: +0.051% → 0.000%: $5.07
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.93
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Deribit: 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, 2 min ago	2.17 bp	37.6 bp −$38	216.3 bp −$2,163	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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.

DYDX 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
Injective DYDX/USDC PERP	−0.0316%	1h	0.1378	−0.167%	$6K	$51K	12x	as long as short
Deribit DYDX_USDC-PERPETUALshort	0.0000%	1h	0.1381	+0.051%	—	—	25x
Lighter DYDX	+0.0096%	1h	0.1382	+0.130%	$62K	$47K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1384	+0.275%	$2.1M	$738K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1382	+0.126%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1381	+0.078%	$5.2M	$8.4M	75x	as long as short
Bybit DYDXUSDTlong	+0.0100%	8h	0.1380	long leg	$4.6M	$2.3M	75x
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1382	+0.145%	$2.2M	$3.4M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1383	+0.196%	$53K	$19K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1381	+0.051%	$392K	$473K	75x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DYDX_USDT	+0.0100%	8h	0.1381	+0.051%	$3.4M	$870K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1382	+0.123%	$2.3M	$4.1M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1381	+0.051%	$1.4M	$1.1M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1381	+0.051%	—	$7.4M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1381	+0.059%	$3K	$109K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1381	+0.055%	$50K	—	3x	as long as short
BloFin DYDX-USDT	+0.0108%	8h	0.1381	+0.051%	$297K	$14K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1381	+0.067%	$937	—	100x	as long as short
Kraken Futures PF_DYDXUSD	+0.0572%	1h	0.1383	+0.175%	$315K	$325K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0888%	1h	0.1383	+0.196%	$16K	$29K	50x	as long as short
dYdX DYDX-USD	+0.2657%	1h	0.1381	+0.074%	$79K	$2K	5x	as long as short