Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0386%/8h= +42.3% APRpaid last 24h —

Price spread now: Deribit against KuCoin−0.074%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 0.074% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 15 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYDXUSDTM	0.1360	0.0100	pay 0.0100% / 8h	1h 17m	$2.3M	$3.5M	50x
Short	Deribit DYDX_USDC-PERPETUAL	0.1359	0.0486	get 0.0061% / 1h	17m 48s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.074%Rate

Funding earned: $81.14
Price spread: −0.074% → 0.000%: −$7.35
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $54.79
Costs to cover: 0.190%
Break-even: 2.3 days

Slippage unknown: KuCoin: live order book, 10 min ago; 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 KuCoin live order book, 10 min ago	3.69 bp	44.2 bp −$44	258.1 bp −$2,581	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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 PERP	−0.0045%	1h	0.1358	−0.147%	$6K	$48K	12x	as long as short
BloFin DYDX-USDT	+0.0088%	8h	0.1356	−0.294%	$292K	$17K	75x	as long as short
Lighter DYDX	+0.0096%	1h	0.1359	−0.037%	$60K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1361	+0.074%	$2.0M	$726K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1358	−0.129%	$6K	$10K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1358	−0.147%	$5.3M	$8.1M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1358	−0.169%	$4.7M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1359	−0.103%	$2.1M	$3.0M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1358	−0.147%	$380K	$435K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1358	−0.147%	$2.9M	$790K	125x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DYDXUSDTMlong	+0.0100%	8h	0.1360	long leg	$2.3M	$3.5M	50x
Bitget DYDXUSDT	+0.0100%	8h	0.1360	0.000%	$1.4M	$920K	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1358	−0.147%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1359	−0.108%	$1K	$117K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1360	0.000%	$49K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1358	−0.126%	$921	—	100x	as long as short
Arcus DYDX-USD	+0.0239%	1h	0.1360	0.000%	$53K	$20K	5x	as long as short
Deribit DYDX_USDC-PERPETUALshort	+0.0486%	1h	0.1359	−0.074%	—	—	25x
Coinbase International DYDX-PERP-INTX	+0.0992%	1h	0.1361	+0.074%	$17K	$28K	50x	as long as short
Kraken Futures PF_DYDXUSD	+0.1028%	1h	0.1359	−0.050%	$309K	$340K	20x	as long as short
dYdX DYDX-USD	+0.5803%	1h	0.1358	−0.149%	$77K	$2K	5x	as long as short