Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0029%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: GMX against Deribit−0.135%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 7 days—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 0.135% cheaper against Deribit than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 16 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	Deribit DYDX_USDC-PERPETUAL	0.1340	0.0497	pay 0.0062% / 1h	28m 08s	—	—	25x
Short	GMX DYDX/USD [WBTC.b-USDC]	0.1338	L +0.0187% / S −0.0526%	get 0.0066% / 1h	28m 08s	$908	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.135%Rate

Funding earned: $6.02
Price spread: −0.135% → 0.000%: −$13.51
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$26.49
Costs to cover: 0.190%
Break-even: 37.8 days

Slippage unknown: Deribit: 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 Deribit no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Deribit 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
Gate DYDX_USDT	−0.0088%	8h	0.1338	−0.172%	$364K	$431K	75x	as long as short
Lighter DYDX	+0.0096%	1h	0.1339	−0.052%	$59K	$46K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1342	+0.164%	$2.0M	$713K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1339	−0.071%	$6K	$10K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1340	+0.006%	$5.2M	$7.8M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1338	−0.119%	$4.7M	$2.6M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1341	+0.037%	$2.1M	$2.8M	20x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1338	−0.149%	$2.8M	$751K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1339	−0.075%	$2.3M	$3.4M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1339	−0.075%	$1.3M	$870K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DYDX-USDT	+0.0100%	8h	0.1340	0.000%	—	$3.0M	—	as long as short
BloFin DYDX-USDT	+0.0102%	8h	0.1342	+0.149%	$292K	$31K	75x	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1341	+0.048%	$3K	$402K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1340	−0.028%	$49K	—	3x	as long as short
Arcus DYDX-USD	+0.0117%	1h	0.1340	0.000%	$51K	$21K	5x	as long as short
GMX DYDX/USD [WBTC.b-USDC]short	L +0.0187% / S −0.0526%	1h	0.1338	−0.135%	$908	—	100x
Injective DYDX/USDC PERP	+0.0188%	1h	0.1346	+0.448%	$6K	$48K	12x	as long as short
Deribit DYDX_USDC-PERPETUALlong	+0.0497%	1h	0.1340	long leg	—	—	25x
Coinbase International DYDX-PERP-INTX	+0.0992%	1h	0.1344	+0.299%	$16K	$26K	50x	as long as short
Kraken Futures PF_DYDXUSD	+0.1094%	1h	0.1340	+0.016%	$301K	$300K	20x	as long as short
dYdX DYDX-USD	+1.0518%	1h	0.1336	−0.270%	$76K	$2K	5x	as long as short