Settings8H · net · $10k
Funding arb · Price arb /

DYDX

all DYDX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Gate+0.142%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1121.119% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.142%, 7d avg +0.010%
Together, before fees−0.058%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.132% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate DYDX_USDT0.13380.0068pay 0.0068% / 8h4h 50m$358K$371K75x
ShortBingX DYDX-USDT0.13400.0100get 0.0100% / 8h4h 50m$3.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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

Funding earned
$6.72
Price spread: +0.142% → +0.010%
$13.23
Slippage, 4 orders
−$86.92
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$91.97
Costs to cover
1.119%
Break-even
102.8 days
Slippage from Gate: live order book, 53 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 53 min ago2.98 bp45.6 bp −$46365.6 bp −$3,656doesn't fitdoesn't fit
Sell BingX live order book, 8 min ago3.74 bp20.5 bp −$2157.9 bp −$579338.8 bp −$33.9K654.9 bp −$327.5K

DYDX on 21 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective DYDX/USDC PERP−0.1214%1h0.1336−0.157%$6K$41K12xas long as short
Deribit DYDX_USDC-PERPETUAL0.0000%1h0.1339+0.067%25xas long as short
Gate DYDX_USDTlong+0.0068%8h0.1338long leg$358K$371K75x
Lighter DYDX+0.0096%1h0.1339+0.067%$59K$29K5xas long as short
Hyperliquid DYDX+0.0100%1h0.1343+0.374%$2.0M$691K5xas long as short
Aster DYDXUSDT+0.0100%8h0.1339+0.050%$5K$10K5xas long as short
Binance DYDXUSDT+0.0100%8h0.1340+0.107%$5.2M$7.4M75xas long as short
Bybit DYDXUSDT+0.0100%8h0.1337−0.067%$4.6M$2.5M75xas long as short
OKX DYDX-USDT-SWAP+0.0100%8h0.1338+0.022%$2.1M$2.5M20xas long as short
Arcus DYDX-USD+0.0100%1h0.1341+0.217%$51K$21K5xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC DYDX_USDT+0.0100%8h0.1339+0.067%$2.9M$667K125xas long as short
KuCoin DYDXUSDTM+0.0100%8h0.1340+0.142%$2.3M$3.1M50xas long as short
Bitget DYDXUSDT+0.0100%8h0.1340+0.142%$1.3M$715K10xas long as short
BingX DYDX-USDTshort+0.0100%8h0.1340+0.142%$3.7M
Extended DYDX-USD+0.0104%1h0.1339+0.045%$4K$401K10xas long as short
Aevo DYDX-PERP+0.0104%1h0.1340+0.124%$49K3xas long as short
BloFin DYDX-USDT+0.0123%8h0.1338−0.007%$288K$41K75xas long as short
GMX DYDX/USD [WBTC.b-USDC]L +0.0184% / S −0.0355%1h0.1340+0.128%$690100xas long as short
Kraken Futures PF_DYDXUSD+0.0185%1h0.1339+0.099%$303K$287K20xas long as short
Coinbase International DYDX-PERP-INTX+0.0832%1h0.1344+0.441%$16K$25K50xas long as short
dYdX DYDX-USD+0.5680%1h0.1339+0.086%$76K$2K5xas long as short