Funding arb · Price arb /

DYDX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0315%/8h= +34.5% APRnext payment +$0.39 per $10,000 · paid last 24h —

Price spread now: Deribit against Arcus−0.073%7-day average — · you buy dearer than you sell

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

Long on Arcus 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 0.073% cheaper against Arcus than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus DYDX-USD	0.1378	0.0162	pay 0.0020% / 1h	23m 47s	$53K	$20K	5x
Short	Deribit DYDX_USDC-PERPETUAL	0.1377	0.0477	get 0.0060% / 1h	23m 47s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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 ArcusbpFee DeribitbpOrdersPrice spread, now −0.073%Rate

Funding earned: $66.09
Price spread: −0.073% → 0.000%: −$7.26
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $47.33
Costs to cover: 0.115%
Break-even: 2.0 days

Slippage unknown: Arcus: no order-book sample; 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 Arcus no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Arcus and 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	−0.0539%	1h	0.1376	−0.145%	$6K	$52K	12x	as long as short
Lighter DYDX	+0.0096%	1h	0.1376	−0.109%	$62K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1378	+0.015%	$2.1M	$721K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1376	−0.130%	$5K	$11K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1377	−0.075%	$5.3M	$8.3M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1374	−0.261%	$4.6M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1376	−0.181%	$2.2M	$3.3M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1376	−0.167%	$389K	$476K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1377	−0.073%	$3.0M	$809K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1377	−0.073%	$2.3M	$3.7M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DYDXUSDT	+0.0100%	8h	0.1377	−0.073%	$1.4M	$1.1M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1376	−0.145%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1377	−0.058%	$1K	$112K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1379	+0.049%	$50K	—	3x	as long as short
BloFin DYDX-USDT	+0.0108%	8h	0.1376	−0.145%	$298K	$12K	75x	as long as short
Arcus DYDX-USDlong	+0.0162%	1h	0.1378	long leg	$53K	$20K	5x
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1376	−0.112%	$934	—	100x	as long as short
Deribit DYDX_USDC-PERPETUALshort	+0.0477%	1h	0.1377	−0.073%	—	—	25x
Kraken Futures PF_DYDXUSD	+0.0552%	1h	0.1378	−0.014%	$310K	$352K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0856%	1h	0.1380	+0.145%	$17K	$37K	50x	as long as short
dYdX DYDX-USD	+0.2841%	1h	0.1375	−0.236%	$78K	$2K	5x	as long as short