DYDX

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.023%

Price spread now: Hyperliquid against GMX+0.286%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.286% dearer against GMX than usual: you sell high and buy low (spread +0.286% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DYDX/USD [WBTC.b-USDC]	0.1348	L +0.0184% / S −0.0355%	pay 0.0023% / 1h	10m 08s	$693	—	100x
Short	Hyperliquid DYDX	0.1352	0.0100	get 0.0013% / 1h	10m 08s	$2.0M	$384K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. 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 GMXbpFee HyperliquidbpOrdersPrice spread, now +0.286%Rate

Funding earned: −$17.64
Price spread: +0.286% → 0.000%: $28.57
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$10.07
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 4 min ago	1.11 bp	27.5 bp −$28	doesn't fit	doesn't fit	doesn't fit

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 exchanges

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	−0.1214%	1h	0.1336	−0.872%	$6K	$41K	12x	as long as short
Deribit DYDX_USDC-PERPETUAL	0.0000%	1h	0.1348	+0.019%	—	—	25x	as long as short
Lighter DYDX	+0.0096%	1h	0.1348	+0.056%	$60K	$29K	5x	as long as short
Hyperliquid DYDXshort	+0.0100%	1h	0.1352	+0.286%	$2.0M	$384K	5x
Aster DYDXUSDT	+0.0100%	8h	0.1350	+0.165%	$5K	$8K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1350	+0.165%	$5.2M	$6.6M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1349	+0.115%	$4.7M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1350	+0.152%	$2.1M	$2.2M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1351	+0.241%	$51K	$21K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1348	+0.019%	$356K	$380K	75x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DYDX_USDT	+0.0100%	8h	0.1349	+0.093%	$3.0M	$680K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1349	+0.093%	$2.3M	$3.0M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1349	+0.093%	$1.3M	$623K	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1349	+0.093%	—	$3.6M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1347	−0.050%	$3K	$387K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1349	+0.111%	$49K	—	3x	as long as short
BloFin DYDX-USDT	+0.0119%	8h	0.1349	+0.093%	$289K	$41K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]long	L +0.0184% / S −0.0355%	1h	0.1348	long leg	$693	—	100x
Kraken Futures PF_DYDXUSD	+0.0184%	1h	0.1349	+0.110%	$312K	$275K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0832%	1h	0.1353	+0.390%	$16K	$25K	50x	as long as short
dYdX DYDX-USD	+0.5336%	1h	0.1348	+0.028%	$77K	$2K	5x	as long as short