Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0395%/8h= +43.3% APRnext payment +$0.49 per $10,000 · paid last 24h —

Price spread now: Deribit against Injective−0.936%63s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Deribit

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. Deribit is 0.936% cheaper against Injective than usual: you would sell low and buy high (spread −0.936% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$94 on $10k: about 7.9 days of funding at the current rate (+$12 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DYDX/USDC PERP	0.1389	−0.0395	get 0.0049% / 1h	3m 31s	$6K	$51K	12x
Short	Deribit DYDX_USDC-PERPETUAL	0.1376	0	get 0.0000% / 1h	3m 31s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now −0.936%Rate

Funding earned: $83.02
Price spread: −0.936% → 0.000%: −$93.59
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$17.59
Costs to cover: 0.070%
Break-even: 8.5 days

Slippage unknown: Injective: no order-book sample; Deribit: 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 Injective no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Injective and Deribit: 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 PERPlong	−0.0395%	1h	0.1389	long leg	$6K	$51K	12x
Deribit DYDX_USDC-PERPETUALshort	0.0000%	1h	0.1376	−0.936%	—	—	25x
BloFin DYDX-USDT	+0.0087%	8h	0.1378	−0.792%	$301K	$15K	75x	as long as short
Lighter DYDX	+0.0096%	1h	0.1376	−0.965%	$62K	$47K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1379	−0.734%	$2.1M	$734K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1375	−1.002%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1376	−0.951%	$5.2M	$8.6M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1374	−1.109%	$4.6M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1376	−0.958%	$2.2M	$3.5M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1377	−0.864%	$52K	$19K	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate DYDX_USDT	+0.0100%	8h	0.1374	−1.094%	$388K	$491K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1375	−1.008%	$3.4M	$848K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1376	−0.936%	$2.3M	$4.1M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1375	−1.008%	$1.4M	$1.2M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1375	−1.008%	—	$8.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1376	−0.964%	$3K	$109K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1376	−0.904%	$50K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1376	−0.948%	$933	—	100x	as long as short
Kraken Futures PF_DYDXUSD	+0.0353%	1h	0.1378	−0.784%	$320K	$324K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0968%	1h	0.1379	−0.720%	$16K	$29K	50x	as long as short
dYdX DYDX-USD	+0.2958%	1h	0.1375	−0.998%	$78K	$2K	5x	as long as short