Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0495%/8h= +54.2% APRpaid last 24h +0.446%

Price spread now: Bitget against Injective−0.216%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.636%+$64 on $10k

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. Bitget is 0.216% cheaper against Injective than usual: you would sell low and buy high (spread −0.216% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 35 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DYDX/USDC PERP	0.1389	−0.0395	get 0.0049% / 1h	15m 16s	$6K	$51K	12x
Short	Bitget DYDXUSDT	0.1386	0.0100	get 0.0100% / 8h	2h 15m	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −0.216%Rate

Funding earned: $104.02
Price spread: −0.216% → 0.000%: −$21.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: $70.4
Costs to cover: 0.120%
Break-even: 2.3 days

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 1 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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	7.22 bp	25.5 bp −$25	79.4 bp −$794	doesn't fit	doesn't fit

Injective: 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 PERPlong	−0.0395%	1h	0.1389	long leg	$6K	$51K	12x
Deribit DYDX_USDC-PERPETUAL	0.0000%	1h	0.1385	−0.288%	—	—	25x	as long as short
Lighter DYDX	+0.0096%	1h	0.1386	−0.223%	$62K	$47K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1389	−0.014%	$2.1M	$733K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1385	−0.314%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1386	−0.246%	$5.3M	$8.5M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1384	−0.360%	$4.6M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1386	−0.187%	$2.2M	$3.5M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1387	−0.144%	$53K	$19K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1385	−0.310%	$392K	$490K	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	0.1385	−0.288%	$3.4M	$840K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1386	−0.216%	$2.3M	$4.1M	50x	as long as short
Bitget DYDXUSDTshort	+0.0100%	8h	0.1386	−0.216%	$1.4M	$1.2M	10x
BingX DYDX-USDT	+0.0100%	8h	0.1385	−0.288%	—	$8.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1385	−0.262%	$3K	$109K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1388	−0.073%	$50K	—	3x	as long as short
BloFin DYDX-USDT	+0.0113%	8h	0.1387	−0.144%	$303K	$15K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1385	−0.269%	$940	—	100x	as long as short
Kraken Futures PF_DYDXUSD	+0.0350%	1h	0.1388	−0.054%	$322K	$324K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0968%	1h	0.1394	+0.360%	$17K	$29K	50x	as long as short
dYdX DYDX-USD	+0.2798%	1h	0.1385	−0.272%	$79K	$2K	5x	as long as short