Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2920%/8h= +319.7% APRpaid last 24h +0.931%

Price spread now: dYdX against KuCoin−0.108%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+4.017%+$402 on $10k

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. dYdX is 0.108% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.108% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3 hours of funding at the current rate (+$88 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYDXUSDTM	0.1365	0.0100	pay 0.0100% / 8h	3h 06m	$2.3M	$3.7M	50x
Short	dYdX DYDX-USD	0.1364	0.3020	get 0.0378% / 1h	6m 01s	$78K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee KuCoinbpFee dYdXbpOrdersPrice spread, now −0.108%Rate

Funding earned: $613.2
Price spread: −0.108% → 0.000%: −$10.79
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $580.41
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: KuCoin: live order book, 6 min ago; dYdX: 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, 6 min ago	3.65 bp	53.8 bp −$54	247.6 bp −$2,476	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Lighter DYDX	+0.0096%	1h	0.1364	−0.051%	$60K	$48K	5x	as long as short
BloFin DYDX-USDT	+0.0098%	8h	0.1365	0.000%	$297K	$12K	75x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1364	−0.057%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1364	−0.037%	$5.3M	$8.3M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1362	−0.198%	$4.6M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1364	−0.066%	$2.1M	$3.2M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1364	−0.081%	$386K	$462K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1364	−0.073%	$2.9M	$811K	125x	as long as short
KuCoin DYDXUSDTMlong	+0.0100%	8h	0.1365	long leg	$2.3M	$3.7M	50x
Bitget DYDXUSDT	+0.0100%	8h	0.1365	0.000%	$1.4M	$1.0M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DYDX-USDT	+0.0100%	8h	0.1364	−0.073%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1364	−0.055%	$3K	$112K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1365	0.000%	$50K	—	3x	as long as short
Hyperliquid DYDX	+0.0133%	1h	0.1367	+0.161%	$2.1M	$721K	5x	as long as short
Injective DYDX/USDC PERP	+0.0178%	1h	0.1371	+0.440%	$6K	$52K	12x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1364	−0.108%	$925	—	100x	as long as short
Arcus DYDX-USD	+0.0248%	1h	0.1366	+0.073%	$53K	$20K	5x	as long as short
Deribit DYDX_USDC-PERPETUAL	+0.0484%	1h	0.1364	−0.073%	—	—	25x	as long as short
Kraken Futures PF_DYDXUSD	+0.0659%	1h	0.1365	+0.016%	$309K	$348K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0840%	1h	0.1367	+0.147%	$17K	$37K	50x	as long as short
dYdX DYDX-USDshort	+0.3020%	1h	0.1364	−0.108%	$78K	$2K	5x