Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.107%

Price spread now: GMX against KuCoin−0.212%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 GMX

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

Funding pays, the price is against you. GMX is 0.212% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.212% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 40 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYDXUSDTM	0.1351	0.0100	pay 0.0100% / 8h	1h 41m	$2.3M	$3.6M	50x
Short	GMX DYDX/USD [WBTC.b-USDC]	0.1348	L +0.0187% / S −0.0526%	get 0.0066% / 1h	41m 39s	$915	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.212%Rate

Funding earned: $89.36
Price spread: −0.212% → 0.000%: −$21.17
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $44.19
Costs to cover: 0.240%
Break-even: 3.5 days

Slippage unknown: KuCoin: live order book, 6 min ago; GMX: 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	3.70 bp	44.0 bp −$44	199.3 bp −$1,993	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0045%	1h	0.1347	−0.296%	$6K	$48K	12x	as long as short
Lighter DYDX	+0.0096%	1h	0.1351	−0.030%	$60K	$48K	5x	as long as short
BloFin DYDX-USDT	+0.0100%	8h	0.1354	+0.222%	$295K	$15K	75x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1352	+0.067%	$2.1M	$713K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1350	−0.068%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1350	−0.074%	$5.2M	$8.5M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1348	−0.222%	$4.5M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1350	−0.059%	$2.1M	$3.1M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1348	−0.207%	$379K	$431K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1349	−0.148%	$2.9M	$788K	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	0.1351	long leg	$2.3M	$3.6M	50x
Bitget DYDXUSDT	+0.0100%	8h	0.1350	−0.074%	$1.4M	$1.0M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1349	−0.148%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1350	−0.099%	$4K	$118K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1349	−0.169%	$49K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]short	L +0.0187% / S −0.0526%	1h	0.1348	−0.212%	$915	—	100x
Arcus DYDX-USD	+0.0239%	1h	0.1353	+0.148%	$52K	$20K	5x	as long as short
Deribit DYDX_USDC-PERPETUAL	+0.0492%	1h	0.1349	−0.148%	—	—	25x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0992%	1h	0.1360	+0.666%	$17K	$32K	50x	as long as short
Kraken Futures PF_DYDXUSD	+0.1035%	1h	0.1350	−0.078%	$308K	$350K	20x	as long as short
dYdX DYDX-USD	+0.5107%	1h	0.1348	−0.233%	$77K	$2K	5x	as long as short