Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.101%

Price spread now: GMX against Aster−0.130%7-day average — · you buy dearer than you sell

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.130% cheaper against Aster than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 25 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	Aster DYDXUSDT	0.1381	0.0100	pay 0.0100% / 8h	5h 12m	$5K	$11K	5x
Short	GMX DYDX/USD [WBTC.b-USDC]	0.1379	L +0.0187% / S −0.0526%	get 0.0066% / 1h	12m 22s	$936	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.130%Rate

Funding earned: $89.36
Price spread: −0.130% → 0.000%: −$13.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $56.32
Costs to cover: 0.200%
Break-even: 2.6 days

Slippage unknown: Aster: no order-book sample; 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 Aster no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and 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	−0.0118%	1h	0.1385	+0.268%	$6K	$52K	12x	as long as short
BloFin DYDX-USDT	+0.0078%	8h	0.1385	+0.268%	$300K	$12K	75x	as long as short
Lighter DYDX	+0.0096%	1h	0.1381	−0.007%	$62K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1383	+0.138%	$2.1M	$719K	5x	as long as short
Aster DYDXUSDTlong	+0.0100%	8h	0.1381	long leg	$5K	$11K	5x
Binance DYDXUSDT	+0.0100%	8h	0.1381	−0.037%	$5.3M	$8.3M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1379	−0.203%	$4.6M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1380	−0.109%	$2.2M	$3.3M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1383	+0.123%	$54K	$20K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1380	−0.116%	$394K	$471K	75x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DYDX_USDT	+0.0100%	8h	0.1380	−0.094%	$3.1M	$811K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1381	−0.022%	$2.4M	$3.8M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1380	−0.094%	$1.4M	$1.1M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1380	−0.094%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1380	−0.064%	$2K	$108K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1379	−0.132%	$50K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]short	L +0.0187% / S −0.0526%	1h	0.1379	−0.130%	$936	—	100x
Deribit DYDX_USDC-PERPETUAL	+0.0475%	1h	0.1380	−0.094%	—	—	25x	as long as short
Kraken Futures PF_DYDXUSD	+0.0743%	1h	0.1381	−0.051%	$313K	$352K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0840%	1h	0.1390	+0.630%	$17K	$37K	50x	as long as short
dYdX DYDX-USD	+0.2972%	1h	0.1380	−0.085%	$78K	$2K	5x	as long as short