Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h —

Price spread now: Extended against Deribit−0.027%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.027% cheaper against Deribit than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DYDX_USDC-PERPETUAL	0.1341	0	get 0.0000% / 1h	22m 13s	—	—	25x
Short	Extended DYDX-USD	0.1341	0.0104	get 0.0013% / 1h	22m 13s	$1K	$401K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee ExtendedbpOrdersPrice spread, now −0.027%Rate

Funding earned: $21.84
Price spread: −0.027% → 0.000%: −$2.7
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $7.14
Costs to cover: 0.120%
Break-even: 4.7 days

Slippage unknown: Deribit: no order-book sample; Extended: live order book, 15 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Extended live order book, 15 min ago	8.15 bp	30.7 bp −$31	233.9 bp −$2,339	doesn't fit	doesn't fit

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	−0.0058%	1h	0.1344	+0.224%	$6K	$48K	12x	as long as short
Deribit DYDX_USDC-PERPETUALlong	0.0000%	1h	0.1341	long leg	—	—	25x
Lighter DYDX	+0.0096%	1h	0.1342	+0.089%	$59K	$50K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1344	+0.194%	$2.0M	$713K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1343	+0.157%	$6K	$10K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1341	+0.020%	$5.2M	$7.9M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1340	−0.045%	$4.5M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1342	+0.052%	$2.1M	$2.9M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1343	+0.149%	$51K	$21K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1341	+0.030%	$374K	$430K	75x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DYDX_USDT	+0.0100%	8h	0.1341	0.000%	$2.8M	$782K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1342	+0.075%	$2.3M	$3.4M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1342	+0.075%	$1.3M	$890K	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1341	0.000%	—	$3.0M	—	as long as short
Extended DYDX-USDshort	+0.0104%	1h	0.1341	−0.027%	$1K	$401K	10x
Aevo DYDX-PERP	+0.0104%	1h	0.1340	−0.075%	$49K	—	3x	as long as short
BloFin DYDX-USDT	+0.0119%	8h	0.1341	0.000%	$292K	$30K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1341	+0.021%	$910	—	100x	as long as short
Kraken Futures PF_DYDXUSD	+0.0856%	1h	0.1343	+0.147%	$302K	$310K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.1000%	1h	0.1353	+0.895%	$17K	$26K	50x	as long as short
dYdX DYDX-USD	+0.9056%	1h	0.1342	+0.078%	$76K	$2K	5x	as long as short