Settings8H · net · $10k
Funding arb · Price arb /

DYDX

all DYDX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0526%/8h= +57.5% APRnext payment +$0.66 per $10,000 · paid last 24h
Price spread now: GMX against Deribit+0.062%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 daysno history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and GMX is 0.062% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit DYDX_USDC-PERPETUAL0.13820get 0.0000% / 1h37m 51s25x
ShortGMX DYDX/USD [WBTC.b-USDC]0.1383L +0.0187% / S −0.0526%get 0.0066% / 1h37m 51s$938100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$110.36
Price spread: +0.062% → 0.000%
$6.22
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
$97.58
Costs to cover
0.190%
Break-even
0.8 days
Slippage unknown: Deribit: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell GMX no order-book sample
Deribit and 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.

DYDX on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective DYDX/USDC PERP−0.0316%1h0.1383+0.072%$6K$51K12xas long as short
Deribit DYDX_USDC-PERPETUALlong0.0000%1h0.1382long leg25x
Lighter DYDX+0.0096%1h0.1382+0.007%$62K$47K5xas long as short
Hyperliquid DYDX+0.0100%1h0.1383+0.087%$2.1M$739K5xas long as short
Aster DYDXUSDT+0.0100%8h0.13820.000%$6K$12K5xas long as short
Binance DYDXUSDT+0.0100%8h0.1380−0.114%$5.2M$8.5M75xas long as short
Bybit DYDXUSDT+0.0100%8h0.1380−0.174%$4.6M$2.3M75xas long as short
OKX DYDX-USDT-SWAP+0.0100%8h0.1382−0.022%$2.2M$3.4M20xas long as short
Arcus DYDX-USD+0.0100%1h0.1385+0.217%$53K$19K5xas long as short
Gate DYDX_USDT+0.0100%8h0.1381−0.058%$391K$471K75xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC DYDX_USDT+0.0100%8h0.1381−0.072%$3.4M$857K125xas long as short
KuCoin DYDXUSDTM+0.0100%8h0.13820.000%$2.3M$4.1M50xas long as short
Bitget DYDXUSDT+0.0100%8h0.1381−0.072%$1.4M$1.2M10xas long as short
BingX DYDX-USDT+0.0100%8h0.13820.000%$7.4Mas long as short
Extended DYDX-USD+0.0104%1h0.1380−0.135%$3K$109K10xas long as short
Aevo DYDX-PERP+0.0104%1h0.1380−0.130%$50K3xas long as short
BloFin DYDX-USDT+0.0109%8h0.1383+0.072%$299K$14K75xas long as short
GMX DYDX/USD [WBTC.b-USDC]shortL +0.0187% / S −0.0526%1h0.1383+0.062%$938100x
Kraken Futures PF_DYDXUSD+0.0573%1h0.1382−0.002%$320K$324K20xas long as short
Coinbase International DYDX-PERP-INTX+0.0888%1h0.1384+0.145%$16K$29K50xas long as short
dYdX DYDX-USD+0.2995%1h0.1383+0.101%$79K$2K5xas long as short