Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0788%/8h= +86.3% APRpaid last 24h +0.238%

Price spread now: Coinbase International against Gate−0.116%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Coinbase International

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

Funding pays, the price is against you. Coinbase International is 0.116% cheaper against Gate than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 12 hours of funding at the current rate (+$24 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DYDX_USDT	0.1381	0.0100	pay 0.0100% / 8h	1h 54m	$390K	$470K	75x
Short	Coinbase International DYDX-PERP-INTX	0.1379	0.0888	get 0.0111% / 1h	54m 59s	$16K	$29K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.116%Rate

Funding earned: $165.48
Price spread: −0.116% → 0.000%: −$11.59
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $128.89
Costs to cover: 0.250%
Break-even: 1.5 days

Slippage unknown: Gate: live order book, 26 min ago; Coinbase International: 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 Gate live order book, 26 min ago	8.29 bp	47.5 bp −$48	311.9 bp −$3,119	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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 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	0.1380	−0.043%	$6K	$51K	12x	as long as short
Deribit DYDX_USDC-PERPETUAL	0.0000%	1h	0.1382	+0.101%	—	—	25x	as long as short
Lighter DYDX	+0.0096%	1h	0.1383	+0.145%	$62K	$47K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1385	+0.326%	$2.1M	$735K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1382	+0.075%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1382	+0.080%	$5.2M	$8.5M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1380	−0.029%	$4.6M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1383	+0.181%	$2.2M	$3.5M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1383	+0.174%	$53K	$19K	5x	as long as short
Gate DYDX_USDTlong	+0.0100%	8h	0.1381	long leg	$390K	$470K	75x

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	+0.029%	$3.4M	$835K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1382	+0.101%	$2.3M	$4.1M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1382	+0.101%	$1.4M	$1.2M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1382	+0.101%	—	$8.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1381	+0.063%	$3K	$109K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1382	+0.081%	$50K	—	3x	as long as short
BloFin DYDX-USDT	+0.0115%	8h	0.1382	+0.101%	$301K	$15K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1382	+0.098%	$937	—	100x	as long as short
Kraken Futures PF_DYDXUSD	+0.0572%	1h	0.1383	+0.162%	$321K	$324K	20x	as long as short
Coinbase International DYDX-PERP-INTXshort	+0.0888%	1h	0.1379	−0.116%	$16K	$29K	50x
dYdX DYDX-USD	+0.3213%	1h	0.1381	+0.020%	$79K	$2K	5x	as long as short