Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Bybit against Deribit−0.137%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Bybit

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

Funding pays, the price is against you. Bybit is 0.137% cheaper against Deribit than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 4.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DYDX_USDC-PERPETUAL	0.1387	0	get 0.0000% / 1h	38m 18s	—	—	25x
Short	Bybit DYDXUSDT	0.1385	0.0100	get 0.0100% / 8h	2h 38m	$4.6M	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Deribit. 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 DeribitbpFee BybitbpOrdersPrice spread, now −0.137%Rate

Funding earned: $21
Price spread: −0.137% → 0.000%: −$13.7
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.7
Costs to cover: 0.180%
Break-even: 10.6 days

Slippage unknown: Deribit: no order-book sample; Bybit: 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 Deribit no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	2.89 bp	50.3 bp −$50	225.0 bp −$2,250	doesn't fit	doesn't fit

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	−0.0395%	1h	0.1385	−0.144%	$6K	$51K	12x	as long as short
Deribit DYDX_USDC-PERPETUALlong	0.0000%	1h	0.1387	long leg	—	—	25x
Lighter DYDX	+0.0096%	1h	0.1387	+0.007%	$63K	$46K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1389	+0.108%	$2.1M	$722K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1386	−0.098%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1386	−0.051%	$5.2M	$8.6M	75x	as long as short
Bybit DYDXUSDTshort	+0.0100%	8h	0.1385	−0.137%	$4.6M	$2.4M	75x
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1388	+0.079%	$2.2M	$3.5M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1388	+0.072%	$53K	$19K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1385	−0.144%	$397K	$484K	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	0.1386	−0.072%	$3.4M	$815K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1387	0.000%	$2.3M	$4.1M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1386	−0.072%	$1.4M	$1.2M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1386	−0.072%	—	$8.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1385	−0.111%	$3K	$109K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1390	+0.209%	$50K	—	3x	as long as short
BloFin DYDX-USDT	+0.0107%	8h	0.1385	−0.144%	$301K	$16K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1386	−0.045%	$940	—	100x	as long as short
Kraken Futures PF_DYDXUSD	+0.0350%	1h	0.1387	+0.017%	$325K	$323K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0968%	1h	0.1390	+0.216%	$17K	$31K	50x	as long as short
dYdX DYDX-USD	+0.2542%	1h	0.1386	−0.091%	$79K	$2K	5x	as long as short