Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.114%

Price spread now: GMX against OKX−0.027%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.027% cheaper against OKX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 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	OKX DYDX-USDT-SWAP	0.1356	0.0100	pay 0.0100% / 8h	40m 53s	$2.1M	$3.0M	20x
Short	GMX DYDX/USD [WBTC.b-USDC]	0.1356	L +0.0187% / S −0.0526%	get 0.0066% / 1h	40m 53s	$919	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $89.36
Price spread: −0.027% → 0.000%: −$2.73
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $64.63
Costs to cover: 0.220%
Break-even: 1.9 days

Slippage unknown: OKX: 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 OKX live order book, 1 min ago	2.58 bp	26.2 bp −$26	doesn't fit	doesn't fit	doesn't fit
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 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	−0.0058%	1h	0.1357	+0.081%	$6K	$48K	12x	as long as short
Lighter DYDX	+0.0096%	1h	0.1357	+0.103%	$60K	$50K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1358	+0.184%	$2.0M	$719K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1355	−0.034%	$6K	$10K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1356	+0.040%	$5.3M	$7.9M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1356	−0.007%	$4.7M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAPlong	+0.0100%	8h	0.1356	long leg	$2.1M	$3.0M	20x
Arcus DYDX-USD	+0.0100%	1h	0.1359	+0.229%	$53K	$20K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1356	+0.007%	$378K	$427K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1356	+0.007%	$2.9M	$780K	125x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DYDXUSDTM	+0.0100%	8h	0.1357	+0.081%	$2.3M	$3.5M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1356	+0.007%	$1.4M	$895K	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1356	+0.007%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1356	+0.016%	$1K	$404K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1358	+0.138%	$49K	—	3x	as long as short
BloFin DYDX-USDT	+0.0117%	8h	0.1360	+0.302%	$293K	$30K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]short	L +0.0187% / S −0.0526%	1h	0.1356	−0.027%	$919	—	100x
Deribit DYDX_USDC-PERPETUAL	+0.0487%	1h	0.1357	+0.081%	—	—	25x	as long as short
Kraken Futures PF_DYDXUSD	+0.0847%	1h	0.1357	+0.066%	$307K	$321K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.1000%	1h	0.1363	+0.524%	$17K	$27K	50x	as long as short
dYdX DYDX-USD	+0.6932%	1h	0.1356	−0.005%	$77K	$2K	5x	as long as short