Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.024%

Price spread now: KuCoin against GMX+0.227%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 KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.227% dearer against GMX than usual: you sell high and buy low (spread +0.227% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DYDX/USD [WBTC.b-USDC]	0.1351	L +0.0187% / S −0.0526%	pay 0.0023% / 1h	53m 12s	$917	—	100x
Short	KuCoin DYDXUSDTM	0.1354	0.0100	get 0.0100% / 8h	53m 12s	$2.3M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.227%Rate

Funding earned: −$18.3
Price spread: +0.227% → 0.000%: $22.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$19.65
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: 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 KuCoin live order book, 4 min ago	3.69 bp	35.7 bp −$36	165.3 bp −$1,653	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 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
Injective DYDX/USDC PERP	−0.0058%	1h	0.1354	+0.227%	$6K	$48K	12x	as long as short
Deribit DYDX_USDC-PERPETUAL	0.0000%	1h	0.1351	+0.004%	—	—	25x	as long as short
Lighter DYDX	+0.0096%	1h	0.1352	+0.101%	$60K	$50K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1354	+0.227%	$2.0M	$717K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1354	+0.211%	$6K	$10K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1353	+0.141%	$5.2M	$7.9M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1353	+0.115%	$4.6M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1352	+0.108%	$2.1M	$3.0M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1355	+0.301%	$52K	$20K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1353	+0.152%	$378K	$426K	75x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DYDX_USDT	+0.0100%	8h	0.1352	+0.078%	$2.9M	$779K	125x	as long as short
KuCoin DYDXUSDTMshort	+0.0100%	8h	0.1354	+0.227%	$2.3M	$3.5M	50x
Bitget DYDXUSDT	+0.0100%	8h	0.1353	+0.152%	$1.4M	$897K	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1353	+0.152%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1352	+0.098%	$2K	$157K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1350	−0.041%	$49K	—	3x	as long as short
BloFin DYDX-USDT	+0.0119%	8h	0.1355	+0.301%	$293K	$29K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]long	L +0.0187% / S −0.0526%	1h	0.1351	long leg	$917	—	100x
Kraken Futures PF_DYDXUSD	+0.0850%	1h	0.1352	+0.102%	$306K	$320K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.1000%	1h	0.1349	−0.144%	$17K	$27K	50x	as long as short
dYdX DYDX-USD	+0.8451%	1h	0.1352	+0.073%	$77K	$2K	5x	as long as short