Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Deribit against MEXC+0.216%7-day average — · you sell dearer than you buy

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

Long on MEXC 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

The price spread pays, funding is against you. Deribit is 0.216% dearer against MEXC than usual: you sell high and buy low (spread +0.216% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DYDX_USDT	0.1389	0.0100	pay 0.0100% / 8h	45m 50s	$3.4M	$874K	125x
Short	Deribit DYDX_USDC-PERPETUAL	0.1392	0	get 0.0000% / 1h	45m 50s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now +0.216%Rate

Funding earned: −$21
Price spread: +0.216% → 0.000%: $21.6
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$10.4
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	3.60 bp	9.7 bp −$10	42.9 bp −$429	156.5 bp −$15.7K	383.9 bp −$191.9K
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	−0.0067%	1h	0.1390	+0.072%	$6K	$51K	12x	as long as short
Deribit DYDX_USDC-PERPETUALshort	0.0000%	1h	0.1392	+0.216%	—	—	25x
Kraken Futures PF_DYDXUSD	+0.0078%	1h	0.1392	+0.233%	$318K	$328K	20x	as long as short
BloFin DYDX-USDT	+0.0081%	8h	0.1390	+0.072%	$298K	$14K	75x	as long as short
Lighter DYDX	+0.0096%	1h	0.1392	+0.230%	$63K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1394	+0.382%	$2.1M	$737K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1392	+0.244%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1392	+0.191%	$5.3M	$8.4M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1391	+0.137%	$4.6M	$2.3M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1393	+0.274%	$2.2M	$3.4M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DYDX-USD	+0.0100%	1h	0.1394	+0.360%	$53K	$19K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1391	+0.122%	$387K	$468K	75x	as long as short
MEXC DYDX_USDTlong	+0.0100%	8h	0.1389	long leg	$3.4M	$874K	125x
KuCoin DYDXUSDTM	+0.0100%	8h	0.1393	+0.288%	$2.4M	$4.0M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1392	+0.216%	$1.4M	$1.1M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1392	+0.216%	—	$5.8M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1392	+0.182%	$3K	$109K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1391	+0.116%	$50K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1392	+0.219%	$944	—	100x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0784%	1h	0.1384	−0.360%	$16K	$29K	50x	as long as short
dYdX DYDX-USD	+0.2803%	1h	0.1391	+0.138%	$79K	$2K	5x	as long as short