Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against KuCoin−0.007%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYDXUSDTM	0.1352	0.0100	pay 0.0100% / 8h	7h 47m	$2.3M	$3.4M	50x
Short	Lighter DYDX	0.1352	0.0096	get 0.0012% / 1h	47m 15s	$60K	$46K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$0.84
Price spread: −0.007% → 0.000%: −$0.74
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.58
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 min ago; Lighter: 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 KuCoin live order book, 10 min ago	3.70 bp	55.4 bp −$55	500.3 bp −$5,003	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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
Lighter DYDXshort	+0.0096%	1h	0.1352	−0.007%	$60K	$46K	5x
Hyperliquid DYDX	+0.0100%	1h	0.1354	+0.133%	$2.0M	$713K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1353	+0.104%	$6K	$10K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1353	+0.058%	$5.3M	$7.8M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1350	−0.141%	$4.7M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1352	−0.030%	$2.1M	$2.9M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1351	−0.074%	$369K	$428K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1351	−0.074%	$2.9M	$749K	125x	as long as short
KuCoin DYDXUSDTMlong	+0.0100%	8h	0.1352	long leg	$2.3M	$3.4M	50x
Bitget DYDXUSDT	+0.0100%	8h	0.1352	0.000%	$1.4M	$877K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DYDX-USDT	+0.0100%	8h	0.1352	0.000%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1352	−0.014%	$4K	$401K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1351	−0.096%	$49K	—	3x	as long as short
BloFin DYDX-USDT	+0.0113%	8h	0.1351	−0.074%	$291K	$30K	75x	as long as short
Arcus DYDX-USD	+0.0117%	1h	0.1354	+0.148%	$51K	$21K	5x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1351	−0.050%	$916	—	100x	as long as short
Injective DYDX/USDC PERP	+0.0188%	1h	0.1350	−0.148%	$6K	$48K	12x	as long as short
Deribit DYDX_USDC-PERPETUAL	+0.0490%	1h	0.1352	0.000%	—	—	25x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0992%	1h	0.1356	+0.296%	$17K	$26K	50x	as long as short
Kraken Futures PF_DYDXUSD	+0.1085%	1h	0.1352	−0.013%	$304K	$303K	20x	as long as short
dYdX DYDX-USD	+0.8605%	1h	0.1351	−0.047%	$77K	$2K	5x	as long as short