Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0604%/8h= −66.1% APRpaid last 24h −0.240%

Price spread now: BingX against Coinbase International+0.365%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on BingX

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

The price spread pays, funding is against you. BingX is 0.365% dearer against Coinbase International than usual: you sell high and buy low (spread +0.365% now, against zero (this spread has no 7-day history yet)): +$37 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DYDX-PERP-INTX	0.1368	0.0704	pay 0.0088% / 1h	31m 02s	$17K	$38K	50x
Short	BingX DYDX-USDT	0.1373	0.0100	get 0.0100% / 8h	6h 31m	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now +0.365%Rate

Funding earned: −$126.84
Price spread: +0.365% → 0.000%: $36.55
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$110.29
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 9 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	3.67 bp	19.3 bp −$19	66.7 bp −$667	301.2 bp −$30.1K	568.2 bp −$284.1K

Coinbase International: 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 20 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	−0.0133%	1h	0.1375	+0.512%	$6K	$52K	12x	as long as short
Lighter DYDX	+0.0096%	1h	0.1373	+0.344%	$62K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1374	+0.446%	$2.1M	$738K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1374	+0.468%	$5K	$11K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1373	+0.365%	$5.2M	$8.5M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1371	+0.205%	$4.6M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1373	+0.344%	$2.2M	$3.4M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1376	+0.585%	$53K	$20K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1372	+0.322%	$389K	$459K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1372	+0.292%	$3.0M	$828K	125x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DYDXUSDTM	+0.0100%	8h	0.1375	+0.512%	$2.3M	$3.9M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1373	+0.365%	$1.4M	$1.1M	10x	as long as short
BingX DYDX-USDTshort	+0.0100%	8h	0.1373	+0.365%	—	$3.0M	—
Extended DYDX-USD	+0.0104%	1h	0.1373	+0.379%	$4K	$110K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1371	+0.205%	$50K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1372	+0.316%	$931	—	100x	as long as short
Deribit DYDX_USDC-PERPETUAL	+0.0479%	1h	0.1373	+0.365%	—	—	25x	as long as short
Kraken Futures PF_DYDXUSD	+0.0510%	1h	0.1373	+0.366%	$312K	$351K	20x	as long as short
Coinbase International DYDX-PERP-INTXlong	+0.0704%	1h	0.1368	long leg	$17K	$38K	50x
dYdX DYDX-USD	+0.2635%	1h	0.1374	+0.424%	$78K	$2K	5x	as long as short