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

DYDX

all DYDX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Hyperliquid against MEXC+0.282%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$710.712% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 7 days−0.282%−$28 · spread now +0.282%, 7d avg +0.082%
Together, before fees−0.240%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.200% dearer against MEXC than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC DYDX_USDT0.13850.0100pay 0.0100% / 8h2h 14m$3.4M$840K125x
ShortHyperliquid DYDX0.13890.0100get 0.0013% / 1h14m 06s$2.1M$733K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.282% → +0.082%
$20.01
Slippage, 4 orders
−$58.22
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$51.21
Costs to cover
0.712%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 7 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 MEXC live order book, 3 min ago3.61 bp8.7 bp −$940.8 bp −$408161.4 bp −$16.1K373.5 bp −$186.8K
Sell Hyperliquid live order book, 7 min ago1.08 bp27.5 bp −$28doesn't fitdoesn't fitdoesn'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−0.0395%1h0.1389+0.289%$6K$51K12xas long as short
Deribit DYDX_USDC-PERPETUAL0.0000%1h0.13850.000%25xas long as short
Lighter DYDX+0.0096%1h0.1386+0.043%$62K$47K5xas long as short
Hyperliquid DYDXshort+0.0100%1h0.1389+0.282%$2.1M$733K5x
Aster DYDXUSDT+0.0100%8h0.1385−0.022%$6K$12K5xas long as short
Binance DYDXUSDT+0.0100%8h0.1385+0.035%$5.3M$8.5M75xas long as short
Bybit DYDXUSDT+0.0100%8h0.1384−0.079%$4.6M$2.4M75xas long as short
OKX DYDX-USDT-SWAP+0.0100%8h0.1385+0.022%$2.2M$3.5M20xas long as short
Arcus DYDX-USD+0.0100%1h0.1387+0.144%$53K$19K5xas long as short
Gate DYDX_USDT+0.0100%8h0.1385−0.022%$392K$490K75xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC DYDX_USDTlong+0.0100%8h0.1385long leg$3.4M$840K125x
KuCoin DYDXUSDTM+0.0100%8h0.1386+0.072%$2.3M$4.1M50xas long as short
Bitget DYDXUSDT+0.0100%8h0.13850.000%$1.4M$1.2M10xas long as short
BingX DYDX-USDT+0.0100%8h0.13850.000%$8.0Mas long as short
Extended DYDX-USD+0.0104%1h0.1385+0.020%$3K$109K10xas long as short
Aevo DYDX-PERP+0.0104%1h0.1389+0.255%$50K3xas long as short
BloFin DYDX-USDT+0.0113%8h0.1387+0.144%$303K$15K75xas long as short
GMX DYDX/USD [WBTC.b-USDC]L +0.0187% / S −0.0526%1h0.1385+0.022%$939100xas long as short
Kraken Futures PF_DYDXUSD+0.0350%1h0.1388+0.196%$322K$324K20xas long as short
Coinbase International DYDX-PERP-INTX+0.0968%1h0.1394+0.650%$17K$29K50xas long as short
dYdX DYDX-USD+0.2820%1h0.1385+0.016%$79K$2K5xas long as short