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

DYDX

all DYDX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.12 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against KuCoin−0.221%80s7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1161.164% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.127%+$13 on $10k
Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.221%, 7d avg −0.054%
Together, before fees+0.374%+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.168% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of −0.054%). If the spread goes back, that is −$17 on $10k: about 46 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.127% in total) that is about 9.2 days. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin DYDXUSDTM0.13550.0100pay 0.0100% / 8h49m 58s$2.3M$3.5M50x
ShortBloFin DYDX-USDT0.13520.0112get 0.0112% / 8h49m 58s$292K$29K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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
$2.58
Price spread: −0.221% → −0.054%
−$16.77
Slippage, 4 orders
−$92.36
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$130.55
Costs to cover
1.164%
Break-even
361.4 days
Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 12 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 KuCoin live order book, 7 min ago3.69 bp40.7 bp −$41200.3 bp −$2,003doesn't fitdoesn't fit
Sell BloFin live order book, 12 min ago11.07 bp19.5 bp −$1949.1 bp −$491209.3 bp −$20.9Kdoesn't fit

DYDX on 21 venues

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−0.0058%1h0.1352−0.221%$6K$48K12xas long as short
Lighter DYDX+0.0096%1h0.1354−0.044%$60K$50K5xas long as short
Hyperliquid DYDX+0.0100%1h0.1357+0.170%$2.0M$718K5xas long as short
Aster DYDXUSDT+0.0100%8h0.1355−0.003%$6K$10K5xas long as short
Binance DYDXUSDT+0.0100%8h0.1355−0.004%$5.2M$7.9M75xas long as short
Bybit DYDXUSDT+0.0100%8h0.1353−0.125%$4.6M$2.5M75xas long as short
OKX DYDX-USDT-SWAP+0.0100%8h0.1356+0.037%$2.1M$3.0M20xas long as short
Arcus DYDX-USD+0.0100%1h0.13550.000%$52K$20K5xas long as short
Gate DYDX_USDT+0.0100%8h0.1353−0.170%$378K$426K75xas long as short
MEXC DYDX_USDT+0.0100%8h0.1354−0.074%$2.9M$779K125xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin DYDXUSDTMlong+0.0100%8h0.1355long leg$2.3M$3.5M50x
Bitget DYDXUSDT+0.0100%8h0.1354−0.074%$1.4M$897K10xas long as short
BingX DYDX-USDT+0.0100%8h0.1354−0.074%$3.0Mas long as short
Extended DYDX-USD+0.0104%1h0.1354−0.065%$2K$254K10xas long as short
Aevo DYDX-PERP+0.0104%1h0.1352−0.193%$49K3xas long as short
BloFin DYDX-USDTshort+0.0112%8h0.1352−0.221%$292K$29K75x
GMX DYDX/USD [WBTC.b-USDC]L +0.0187% / S −0.0526%1h0.1353−0.166%$917100xas long as short
Deribit DYDX_USDC-PERPETUAL+0.0489%1h0.13550.000%25xas long as short
Kraken Futures PF_DYDXUSD+0.0848%1h0.1355+0.031%$307K$320K20xas long as short
Coinbase International DYDX-PERP-INTX+0.1000%1h0.1357+0.148%$17K$27K50xas long as short
dYdX DYDX-USD+0.7617%1h0.1355−0.019%$77K$2K5xas long as short