Settings8H · net · $10k
Funding arb · Price arb /

DYDX

all DYDX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Hyperliquid against OKX+0.095%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$990.990% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.091%+$9 on $10k
Price spread, last 7 days−0.132%−$13 · spread now +0.095%, 7d avg +0.043%
Together, before fees−0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.053% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX DYDX-USDT-SWAP0.13680.0100pay 0.0100% / 8h6h 55m$2.1M$3.3M20x
ShortHyperliquid DYDX0.13690.0100get 0.0013% / 1h55m 57s$2.1M$736K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.095% → +0.043%
$5.25
Slippage, 4 orders
−$79.97
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$93.72
Costs to cover
0.990%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago3.28 bp29.5 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago1.81 bp25.4 bp −$25doesn't fitdoesn't fitdoesn't fit

DYDX on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective DYDX/USDC PERP−0.0133%1h0.1377+0.695%$6K$52K12xas long as short
Deribit DYDX_USDC-PERPETUAL0.0000%1h0.1367−0.037%25xas long as short
BloFin DYDX-USDT+0.0083%8h0.1381+0.987%$298K$11K75xas long as short
Lighter DYDX+0.0096%1h0.1366−0.080%$61K$48K5xas long as short
Hyperliquid DYDXshort+0.0100%1h0.1369+0.095%$2.1M$736K5x
Aster DYDXUSDT+0.0100%8h0.1367−0.013%$5K$11K5xas long as short
Binance DYDXUSDT+0.0100%8h0.1367−0.037%$5.2M$8.4M75xas long as short
Bybit DYDXUSDT+0.0100%8h0.1366−0.139%$4.6M$2.3M75xas long as short
OKX DYDX-USDT-SWAPlong+0.0100%8h0.1368long leg$2.1M$3.3M20x
Arcus DYDX-USD+0.0100%1h0.1367−0.037%$53K$20K5xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate DYDX_USDT+0.0100%8h0.1366−0.102%$386K$449K75xas long as short
MEXC DYDX_USDT+0.0100%8h0.1366−0.110%$3.0M$824K125xas long as short
KuCoin DYDXUSDTM+0.0100%8h0.1368+0.037%$2.3M$3.9M50xas long as short
Bitget DYDXUSDT+0.0100%8h0.1367−0.037%$1.4M$1.1M10xas long as short
BingX DYDX-USDT+0.0100%8h0.1367−0.037%$3.0Mas long as short
Extended DYDX-USD+0.0104%1h0.1367−0.061%$3K$110K10xas long as short
Aevo DYDX-PERP+0.0104%1h0.1366−0.080%$50K3xas long as short
GMX DYDX/USD [WBTC.b-USDC]L +0.0187% / S −0.0526%1h0.1366−0.079%$927100xas long as short
Kraken Futures PF_DYDXUSD+0.0513%1h0.1367−0.057%$315K$345K20xas long as short
Coinbase International DYDX-PERP-INTX+0.0704%1h0.1384+1.207%$17K$31K50xas long as short
dYdX DYDX-USD+0.2827%1h0.1366−0.127%$78K$2K5xas long as short