Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0103%/8hpaid last 24h +0.030%

Price spread now: Bitget against dYdX−0.037%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 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. Bitget is 0.037% cheaper against dYdX than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ATH-USD	0.005431	−0.0003	get 0.0000% / 1h	6m 26s	$11K	$16	5x
Short	Bitget ATHUSDT	0.005429	0.0100	get 0.0050% / 4h	6m 26s	$1.5M	$825K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.037%Rate

Funding earned: $21.73
Price spread: −0.037% → 0.000%: −$3.68
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$3.96
Costs to cover: 0.220%
Break-even: 8.3 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 5 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	3.68 bp	25.3 bp −$25	87.0 bp −$870	doesn't fit	doesn't fit

dYdX: 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.

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.3155%	1h	0.005423	−0.145%	$19K	$110K	10x	as long as short
Variational Omni ATH	−0.0452%	4h	0.005428	−0.047%	$182K	$93K	—	as long as short
Bybit ATHUSDT	−0.0040%	4h	0.005417	−0.258%	$4.4M	$2.3M	25x	as long as short
dYdX ATH-USDlong	−0.0003%	1h	0.005431	long leg	$11K	$16	5x
BloFin ATH-USDT	+0.0040%	4h	0.005434	+0.055%	$172K	$65K	75x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005434	+0.059%	$5K	$38K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005428	−0.055%	$3.3M	$3.9M	50x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005417	−0.258%	$699K	$1.2M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005428	−0.055%	$777K	$533K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005429	−0.037%	$8.4M	$725K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTM	+0.0100%	4h	0.005420	−0.203%	$551K	$117K	30x	as long as short
Bitget ATHUSDTshort	+0.0100%	4h	0.005429	−0.037%	$1.5M	$825K	25x
BingX ATH-USDT	+0.0100%	4h	0.005423	−0.147%	—	$18.8M	—	as long as short