Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.002%

Price spread now: Lighter against BloFin−0.173%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 Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.173% cheaper against BloFin than usual: you would sell low and buy high (spread −0.173% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 24 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DYDX-USDT	0.1385	0.0072	pay 0.0072% / 8h	3h 46m	$299K	$12K	75x
Short	Lighter DYDX	0.1383	0.0096	get 0.0012% / 1h	46m 37s	$61K	$48K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.173%Rate

Funding earned: $5.06
Price spread: −0.173% → 0.000%: −$17.33
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$24.27
Costs to cover: 0.120%
Break-even: 40.6 days

Slippage unknown: BloFin: live order book, 35 min ago; Lighter: 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, 35 min ago	10.90 bp	20.8 bp −$21	54.0 bp −$540	353.4 bp −$35.3K	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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
BloFin DYDX-USDTlong	+0.0072%	8h	0.1385	long leg	$299K	$12K	75x
Lighter DYDXshort	+0.0096%	1h	0.1383	−0.173%	$61K	$48K	5x
Hyperliquid DYDX	+0.0100%	1h	0.1385	−0.007%	$2.1M	$724K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1383	−0.170%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1383	−0.144%	$5.4M	$8.4M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1380	−0.361%	$4.7M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1382	−0.245%	$2.1M	$3.3M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1382	−0.188%	$394K	$450K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1382	−0.217%	$3.0M	$798K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1383	−0.144%	$2.4M	$3.7M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DYDXUSDT	+0.0100%	8h	0.1382	−0.217%	$1.4M	$1.1M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1382	−0.217%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1383	−0.177%	$5K	$115K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1380	−0.361%	$50K	—	3x	as long as short
Injective DYDX/USDC PERP	+0.0178%	1h	0.1383	−0.144%	$6K	$52K	12x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1382	−0.242%	$937	—	100x	as long as short
Arcus DYDX-USD	+0.0248%	1h	0.1384	−0.072%	$54K	$20K	5x	as long as short
Deribit DYDX_USDC-PERPETUAL	+0.0474%	1h	0.1382	−0.217%	—	—	25x	as long as short
Kraken Futures PF_DYDXUSD	+0.0651%	1h	0.1383	−0.160%	$309K	$353K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0840%	1h	0.1385	0.000%	$17K	$37K	50x	as long as short
dYdX DYDX-USD	+0.2745%	1h	0.1382	−0.220%	$79K	$2K	5x	as long as short