Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h —

Price spread now: GMX against Deribit−0.054%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 GMX

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. GMX is 0.054% cheaper against Deribit than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DYDX_USDC-PERPETUAL	0.1371	0.0480	pay 0.0060% / 1h	25m 08s	—	—	25x
Short	GMX DYDX/USD [WBTC.b-USDC]	0.1370	L +0.0187% / S −0.0526%	get 0.0066% / 1h	25m 08s	$929	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $9.57
Price spread: −0.054% → 0.000%: −$5.4
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$14.83
Costs to cover: 0.190%
Break-even: 17.8 days

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

Deribit and 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
Lighter DYDX	+0.0096%	1h	0.1371	+0.029%	$61K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1374	+0.197%	$2.1M	$720K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1373	+0.142%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1371	+0.036%	$5.3M	$8.3M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1369	−0.153%	$4.6M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1371	0.000%	$2.1M	$3.2M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1371	−0.015%	$392K	$455K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1372	+0.073%	$2.9M	$807K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1372	+0.073%	$2.3M	$3.7M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1371	0.000%	$1.4M	$1.0M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DYDX-USDT	+0.0100%	8h	0.1371	0.000%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1371	−0.015%	$3K	$112K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1370	−0.073%	$50K	—	3x	as long as short
BloFin DYDX-USDT	+0.0115%	8h	0.1373	+0.146%	$299K	$12K	75x	as long as short
Injective DYDX/USDC PERP	+0.0178%	1h	0.1373	+0.146%	$6K	$52K	12x	as long as short
GMX DYDX/USD [WBTC.b-USDC]short	L +0.0187% / S −0.0526%	1h	0.1370	−0.054%	$929	—	100x
Arcus DYDX-USD	+0.0248%	1h	0.1373	+0.146%	$53K	$20K	5x	as long as short
Deribit DYDX_USDC-PERPETUALlong	+0.0480%	1h	0.1371	long leg	—	—	25x
Kraken Futures PF_DYDXUSD	+0.0656%	1h	0.1372	+0.055%	$312K	$350K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0840%	1h	0.1379	+0.584%	$17K	$37K	50x	as long as short
dYdX DYDX-USD	+0.2993%	1h	0.1371	−0.026%	$78K	$2K	5x	as long as short