Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0452%/8h= +49.5% APRpaid last 24h +0.107%

Price spread now: GMX against BloFin−0.097%7-day average — · you buy dearer than you sell

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

Long on BloFin 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—needs both histories

Funding pays, the price is against you. GMX is 0.097% cheaper against BloFin than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 17 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DYDX-USDT	0.1359	0.0073	pay 0.0073% / 8h	1h 13m	$292K	$17K	75x
Short	GMX DYDX/USD [WBTC.b-USDC]	0.1358	L +0.0187% / S −0.0526%	get 0.0066% / 1h	13m 01s	$921	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $94.95
Price spread: −0.097% → 0.000%: −$9.71
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $61.24
Costs to cover: 0.240%
Break-even: 2.5 days

Slippage unknown: BloFin: live order book, 54 min ago; 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 BloFin live order book, 54 min ago	14.74 bp	21.7 bp −$22	48.7 bp −$487	381.3 bp −$38.1K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0045%	1h	0.1358	−0.074%	$6K	$48K	12x	as long as short
Deribit DYDX_USDC-PERPETUAL	0.0000%	1h	0.1358	−0.074%	—	—	25x	as long as short
BloFin DYDX-USDTlong	+0.0073%	8h	0.1359	long leg	$292K	$17K	75x
Lighter DYDX	+0.0096%	1h	0.1359	+0.007%	$60K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1360	+0.096%	$2.0M	$726K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1358	−0.090%	$6K	$10K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1358	−0.050%	$5.3M	$8.0M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1358	−0.052%	$4.7M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1359	+0.022%	$2.1M	$3.0M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1358	−0.074%	$379K	$438K	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	0.1358	−0.074%	$2.9M	$791K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1359	0.000%	$2.3M	$3.5M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1360	+0.074%	$1.4M	$913K	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1359	0.000%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1358	−0.078%	$1K	$117K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1360	+0.065%	$49K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]short	L +0.0187% / S −0.0526%	1h	0.1358	−0.097%	$921	—	100x
Arcus DYDX-USD	+0.0239%	1h	0.1360	+0.074%	$53K	$20K	5x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0992%	1h	0.1361	+0.147%	$17K	$28K	50x	as long as short
Kraken Futures PF_DYDXUSD	+0.1028%	1h	0.1360	+0.059%	$309K	$339K	20x	as long as short
dYdX DYDX-USD	+0.5876%	1h	0.1357	−0.150%	$77K	$2K	5x	as long as short