Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0495%/8h= −54.2% APRpaid last 24h −0.446%

Price spread now: Injective against BingX+0.361%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.636%−$64 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.361% dearer against BingX than usual: you sell high and buy low (spread +0.361% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DYDX-USDT	0.1384	0.0100	pay 0.0100% / 8h	2h 10m	—	$8.0M	—
Short	Injective DYDX/USDC PERP	0.1389	−0.0395	pay 0.0049% / 1h	10m 59s	$6K	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee InjectivebpOrdersPrice spread, now +0.361%Rate

Funding earned: −$104.02
Price spread: +0.361% → 0.000%: $36.13
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$77.91
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 12 min ago; Injective: 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 BingX live order book, 12 min ago	10.78 bp	29.1 bp −$29	67.1 bp −$671	407.1 bp −$40.7K	602.8 bp −$301.4K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 PERPshort	−0.0395%	1h	0.1389	+0.361%	$6K	$51K	12x
Deribit DYDX_USDC-PERPETUAL	0.0000%	1h	0.1384	0.000%	—	—	25x	as long as short
Lighter DYDX	+0.0096%	1h	0.1385	+0.065%	$62K	$47K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1388	+0.296%	$2.1M	$734K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1384	−0.002%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1384	0.000%	$5.2M	$8.5M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1383	−0.079%	$4.6M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1385	+0.072%	$2.2M	$3.5M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1386	+0.145%	$53K	$19K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1383	−0.058%	$391K	$490K	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	0.1384	0.000%	$3.4M	$840K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1385	+0.072%	$2.3M	$4.1M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1385	+0.072%	$1.4M	$1.2M	10x	as long as short
BingX DYDX-USDTlong	+0.0100%	8h	0.1384	long leg	—	$8.0M	—
Extended DYDX-USD	+0.0104%	1h	0.1384	−0.012%	$3K	$109K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1385	+0.072%	$50K	—	3x	as long as short
BloFin DYDX-USDT	+0.0129%	8h	0.1387	+0.217%	$302K	$15K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1384	+0.033%	$939	—	100x	as long as short
Kraken Futures PF_DYDXUSD	+0.0350%	1h	0.1387	+0.206%	$322K	$324K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0968%	1h	0.1394	+0.723%	$17K	$29K	50x	as long as short
dYdX DYDX-USD	+0.2872%	1h	0.1383	−0.039%	$79K	$2K	5x	as long as short