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

DYDX

all DYDX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0500%/8h= −54.7% APRnext payment $0.62 per $10,000 · paid last 24h
Price spread now: Deribit against Coinbase International−0.590%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 daysno history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.590% cheaper against Coinbase International than usual: you would sell low and buy high (−$59 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International DYDX-PERP-INTX0.13560.0992pay 0.0124% / 1h37m 35s$17K$26K50x
ShortDeribit DYDX_USDC-PERPETUAL0.13480.0492get 0.0062% / 1h37m 35s25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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
−$104.92
Price spread: −0.590% → 0.000%
−$59
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$180.92
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Deribit no order-book sample
Coinbase International 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter DYDX+0.0096%1h0.1349−0.524%$60K$46K5xas long as short
Hyperliquid DYDX+0.0100%1h0.1351−0.369%$2.0M$712K5xas long as short
Aster DYDXUSDT+0.0100%8h0.1348−0.563%$6K$10K5xas long as short
Binance DYDXUSDT+0.0100%8h0.1349−0.518%$5.2M$7.8M75xas long as short
Bybit DYDXUSDT+0.0100%8h0.1347−0.671%$4.7M$2.5M75xas long as short
OKX DYDX-USDT-SWAP+0.0100%8h0.1349−0.546%$2.1M$2.8M20xas long as short
Gate DYDX_USDT+0.0100%8h0.1346−0.708%$367K$429K75xas long as short
MEXC DYDX_USDT+0.0100%8h0.1348−0.590%$2.9M$750K125xas long as short
KuCoin DYDXUSDTM+0.0100%8h0.1349−0.516%$2.3M$3.4M50xas long as short
Bitget DYDXUSDT+0.0100%8h0.1349−0.516%$1.4M$871K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX DYDX-USDT+0.0100%8h0.1348−0.590%$3.0Mas long as short
Extended DYDX-USD+0.0104%1h0.1349−0.543%$3K$402K10xas long as short
Aevo DYDX-PERP+0.0104%1h0.1349−0.479%$49K3xas long as short
Arcus DYDX-USD+0.0117%1h0.1351−0.369%$51K$21K5xas long as short
BloFin DYDX-USDT+0.0124%8h0.1349−0.516%$291K$30K75xas long as short
GMX DYDX/USD [WBTC.b-USDC]L +0.0187% / S −0.0526%1h0.1347−0.631%$914100xas long as short
Injective DYDX/USDC PERP+0.0188%1h0.1349−0.516%$6K$48K12xas long as short
Deribit DYDX_USDC-PERPETUALshort+0.0492%1h0.1348−0.590%25x
Coinbase International DYDX-PERP-INTXlong+0.0992%1h0.1356long leg$17K$26K50x
Kraken Futures PF_DYDXUSD+0.1088%1h0.1348−0.596%$303K$300K20xas long as short
dYdX DYDX-USD+0.9511%1h0.1349−0.548%$77K$2K5xas long as short