Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.106%

Price spread now: GMX against Bitget−0.106%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.106% cheaper against Bitget than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 20 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	Bitget DYDXUSDT	0.1354	0.0100	pay 0.0100% / 8h	2h 14m	$1.4M	$1.0M	10x
Short	GMX DYDX/USD [WBTC.b-USDC]	0.1353	L +0.0187% / S −0.0526%	get 0.0066% / 1h	14m 01s	$917	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.106%Rate

Funding earned: $89.36
Price spread: −0.106% → 0.000%: −$10.64
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $54.72
Costs to cover: 0.240%
Break-even: 2.7 days

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.70 bp	36.9 bp −$37	100.4 bp −$1,004	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	−0.0066%	1h	0.1353	−0.074%	$6K	$49K	12x	as long as short
Lighter DYDX	+0.0096%	1h	0.1355	+0.052%	$60K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1356	+0.162%	$2.1M	$714K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1355	+0.093%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1354	+0.031%	$5.3M	$8.6M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1353	−0.089%	$4.6M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1354	+0.015%	$2.1M	$3.2M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1354	−0.022%	$381K	$472K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1353	−0.074%	$2.9M	$794K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1354	0.000%	$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 DYDXUSDTlong	+0.0100%	8h	0.1354	long leg	$1.4M	$1.0M	10x
BingX DYDX-USDT	+0.0100%	8h	0.1354	0.000%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1354	+0.005%	$3K	$117K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1354	−0.009%	$49K	—	3x	as long as short
BloFin DYDX-USDT	+0.0110%	8h	0.1355	+0.074%	$293K	$15K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]short	L +0.0187% / S −0.0526%	1h	0.1353	−0.106%	$917	—	100x
Deribit DYDX_USDC-PERPETUAL	+0.0489%	1h	0.1355	+0.074%	—	—	25x	as long as short
Arcus DYDX-USD	+0.0562%	1h	0.1355	+0.074%	$52K	$20K	5x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0888%	1h	0.1359	+0.369%	$17K	$34K	50x	as long as short
Kraken Futures PF_DYDXUSD	+0.1029%	1h	0.1356	+0.163%	$310K	$355K	20x	as long as short
dYdX DYDX-USD	+0.5848%	1h	0.1352	−0.153%	$77K	$2K	5x	as long as short