Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0312%/8h= +34.2% APRnext payment +$0.39 per $10,000 · paid last 24h —

Price spread now: Deribit against Hyperliquid−0.215%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Deribit is 0.215% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.215% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 2.3 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid DYDX	0.1351	0.0180	pay 0.0023% / 1h	43m 56s	$2.1M	$724K	5x
Short	Deribit DYDX_USDC-PERPETUAL	0.1348	0.0492	get 0.0062% / 1h	43m 56s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Hyperliquid. 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 HyperliquidbpFee DeribitbpOrdersPrice spread, now −0.215%Rate

Funding earned: $65.52
Price spread: −0.215% → 0.000%: −$21.47
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $28.05
Costs to cover: 0.160%
Break-even: 4.0 days

Slippage unknown: Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago	1.83 bp	17.4 bp −$17	doesn't fit	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	−0.0066%	1h	0.1354	+0.229%	$6K	$49K	12x	as long as short
BloFin DYDX-USDT	+0.0092%	8h	0.1359	+0.600%	$297K	$12K	75x	as long as short
Lighter DYDX	+0.0096%	1h	0.1348	−0.215%	$60K	$48K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1349	−0.119%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1349	−0.135%	$5.3M	$8.5M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1346	−0.370%	$4.5M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1348	−0.229%	$2.1M	$3.2M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1347	−0.318%	$376K	$468K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1349	−0.141%	$2.9M	$785K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1348	−0.215%	$2.3M	$3.7M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DYDXUSDT	+0.0100%	8h	0.1348	−0.215%	$1.4M	$1.0M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1348	−0.215%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1349	−0.161%	$4K	$113K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1348	−0.242%	$49K	—	3x	as long as short
Hyperliquid DYDXlong	+0.0180%	1h	0.1351	long leg	$2.1M	$724K	5x
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1347	−0.255%	$914	—	100x	as long as short
Deribit DYDX_USDC-PERPETUALshort	+0.0492%	1h	0.1348	−0.215%	—	—	25x
Arcus DYDX-USD	+0.0562%	1h	0.1355	+0.304%	$52K	$20K	5x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0888%	1h	0.1364	+0.970%	$17K	$36K	50x	as long as short
Kraken Futures PF_DYDXUSD	+0.1035%	1h	0.1348	−0.222%	$309K	$356K	20x	as long as short
dYdX DYDX-USD	+0.4374%	1h	0.1352	+0.115%	$77K	$2K	5x	as long as short