Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.099%

Price spread now: GMX against MEXC−0.067%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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. GMX is 0.067% cheaper against MEXC than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 13 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DYDX_USDT	0.1376	0.0100	pay 0.0100% / 8h	6h 26m	$3.0M	$828K	125x
Short	GMX DYDX/USD [WBTC.b-USDC]	0.1375	L +0.0187% / S −0.0526%	get 0.0066% / 1h	26m 06s	$933	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $89.36
Price spread: −0.067% → 0.000%: −$6.69
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $66.67
Costs to cover: 0.160%
Break-even: 1.8 days

Slippage unknown: MEXC: live order book, 1 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	3.63 bp	10.5 bp −$11	45.4 bp −$454	169.7 bp −$17.0K	425.5 bp −$212.7K
Sell GMX no order-book sample	—	—	—	—	—

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 20 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	−0.0133%	1h	0.1373	−0.218%	$6K	$52K	12x	as long as short
Lighter DYDX	+0.0096%	1h	0.1376	+0.036%	$62K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1378	+0.145%	$2.1M	$739K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1377	+0.082%	$5K	$11K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1377	+0.058%	$5.3M	$8.5M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1374	−0.153%	$4.6M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1376	−0.036%	$2.2M	$3.4M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1378	+0.145%	$53K	$20K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1376	+0.007%	$391K	$461K	75x	as long as short
MEXC DYDX_USDTlong	+0.0100%	8h	0.1376	long leg	$3.0M	$828K	125x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DYDXUSDTM	+0.0100%	8h	0.1377	+0.073%	$2.3M	$3.9M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1376	0.000%	$1.4M	$1.1M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1377	+0.073%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1376	+0.031%	$4K	$110K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1376	+0.019%	$50K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]short	L +0.0187% / S −0.0526%	1h	0.1375	−0.067%	$933	—	100x
Deribit DYDX_USDC-PERPETUAL	+0.0477%	1h	0.1377	+0.073%	—	—	25x	as long as short
Kraken Futures PF_DYDXUSD	+0.0509%	1h	0.1378	+0.110%	$313K	$352K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0704%	1h	0.1380	+0.291%	$17K	$38K	50x	as long as short
dYdX DYDX-USD	+0.2599%	1h	0.1376	+0.005%	$78K	$2K	5x	as long as short