Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.104%

Price spread now: GMX against Gate−0.104%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.104% cheaper against Gate than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 20 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DYDX_USDT	0.1374	0.0100	pay 0.0100% / 8h	3h 27m	$393K	$455K	75x
Short	GMX DYDX/USD [WBTC.b-USDC]	0.1372	L +0.0187% / S −0.0526%	get 0.0066% / 1h	27m 57s	$931	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee GatebpFee GMXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $89.36
Price spread: −0.104% → 0.000%: −$10.41
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $51.95
Costs to cover: 0.270%
Break-even: 2.9 days

Slippage unknown: Gate: live order book, 23 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 Gate live order book, 23 min ago	3.98 bp	45.2 bp −$45	455.2 bp −$4,552	doesn't fit	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
Lighter DYDX	+0.0096%	1h	0.1374	−0.007%	$61K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1376	+0.124%	$2.1M	$720K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1373	−0.029%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1373	−0.087%	$5.3M	$8.3M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1371	−0.204%	$4.6M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1372	−0.109%	$2.1M	$3.2M	20x	as long as short
Gate DYDX_USDTlong	+0.0100%	8h	0.1374	long leg	$393K	$455K	75x
MEXC DYDX_USDT	+0.0100%	8h	0.1371	−0.211%	$2.9M	$807K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1373	−0.066%	$2.3M	$3.7M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1372	−0.138%	$1.4M	$1.0M	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	0.1373	−0.066%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1372	−0.117%	$3K	$112K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1373	−0.056%	$50K	—	3x	as long as short
BloFin DYDX-USDT	+0.0108%	8h	0.1376	+0.153%	$300K	$12K	75x	as long as short
Injective DYDX/USDC PERP	+0.0178%	1h	0.1375	+0.080%	$6K	$52K	12x	as long as short
GMX DYDX/USD [WBTC.b-USDC]short	L +0.0187% / S −0.0526%	1h	0.1372	−0.104%	$931	—	100x
Arcus DYDX-USD	+0.0248%	1h	0.1377	+0.226%	$53K	$20K	5x	as long as short
Deribit DYDX_USDC-PERPETUAL	+0.0478%	1h	0.1374	+0.007%	—	—	25x	as long as short
Kraken Futures PF_DYDXUSD	+0.0655%	1h	0.1374	+0.012%	$312K	$353K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0840%	1h	0.1379	+0.371%	$17K	$37K	50x	as long as short
dYdX DYDX-USD	+0.3048%	1h	0.1376	+0.126%	$78K	$2K	5x	as long as short