Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0740%/8h= +81.0% APRpaid last 24h +0.240%

Price spread now: Coinbase International against Binance−0.110%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Coinbase International

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. Coinbase International is 0.110% cheaper against Binance than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 12 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DYDXUSDT	0.1377	0.0100	pay 0.0100% / 8h	5h 56m	$5.3M	$8.3M	75x
Short	Coinbase International DYDX-PERP-INTX	0.1375	0.0840	get 0.0105% / 1h	56m 49s	$17K	$37K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.110%Rate

Funding earned: $155.4
Price spread: −0.110% → 0.000%: −$10.96
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $124.44
Costs to cover: 0.200%
Break-even: 1.4 days

Slippage unknown: Binance: live order book, 12 min ago; Coinbase International: 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 Binance live order book, 12 min ago	3.65 bp	21.7 bp −$22	85.9 bp −$859	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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	−0.0118%	1h	0.1372	−0.328%	$6K	$52K	12x	as long as short
Lighter DYDX	+0.0096%	1h	0.1373	−0.291%	$62K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1380	+0.225%	$2.1M	$721K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1374	−0.160%	$5K	$11K	5x	as long as short
Binance DYDXUSDTlong	+0.0100%	8h	0.1377	long leg	$5.3M	$8.3M	75x
Bybit DYDXUSDT	+0.0100%	8h	0.1376	−0.066%	$4.6M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1377	+0.028%	$2.2M	$3.3M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1375	−0.110%	$53K	$20K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1375	−0.088%	$390K	$457K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1376	−0.037%	$3.1M	$809K	125x	as long as short

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	+0.036%	$2.3M	$3.8M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1377	+0.036%	$1.4M	$1.1M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1377	+0.036%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1376	−0.072%	$1K	$107K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1372	−0.333%	$50K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1372	−0.328%	$930	—	100x	as long as short
Deribit DYDX_USDC-PERPETUAL	+0.0479%	1h	0.1373	−0.255%	—	—	25x	as long as short
Kraken Futures PF_DYDXUSD	+0.0748%	1h	0.1373	−0.256%	$311K	$351K	20x	as long as short
Coinbase International DYDX-PERP-INTXshort	+0.0840%	1h	0.1375	−0.110%	$17K	$37K	50x
dYdX DYDX-USD	+0.2238%	1h	0.1372	−0.304%	$78K	$2K	5x	as long as short