Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0377%/8h= −41.3% APRnext payment −$0.47 per $10,000 · paid last 24h —

Price spread now: Hyperliquid against Deribit+0.058%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Hyperliquid

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.058% dearer against Deribit than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DYDX_USDC-PERPETUAL	0.1377	0.0477	pay 0.0060% / 1h	25m 12s	—	—	25x
Short	Hyperliquid DYDX	0.1378	0.0100	get 0.0013% / 1h	25m 12s	$2.1M	$739K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$79.12
Price spread: +0.058% → 0.000%: $5.81
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$89.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago	1.09 bp	23.8 bp −$24	doesn't fit	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 20 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	−0.0133%	1h	0.1374	−0.218%	$6K	$52K	12x	as long as short
Lighter DYDX	+0.0096%	1h	0.1376	−0.036%	$62K	$48K	5x	as long as short
Hyperliquid DYDXshort	+0.0100%	1h	0.1378	+0.058%	$2.1M	$739K	5x
Aster DYDXUSDT	+0.0100%	8h	0.1376	−0.064%	$5K	$11K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1376	−0.039%	$5.3M	$8.5M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1374	−0.225%	$4.6M	$2.4M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1376	−0.036%	$2.2M	$3.4M	20x	as long as short
Arcus DYDX-USD	+0.0100%	1h	0.1377	0.000%	$53K	$20K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1375	−0.138%	$390K	$461K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1375	−0.145%	$3.0M	$828K	125x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DYDXUSDTM	+0.0100%	8h	0.1376	−0.073%	$2.3M	$3.9M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1376	−0.073%	$1.4M	$1.1M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1376	−0.073%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1376	−0.099%	$4K	$110K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1377	+0.003%	$50K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1376	−0.073%	$933	—	100x	as long as short
Deribit DYDX_USDC-PERPETUALlong	+0.0477%	1h	0.1377	long leg	—	—	25x
Kraken Futures PF_DYDXUSD	+0.0508%	1h	0.1378	+0.068%	$314K	$352K	20x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0704%	1h	0.1380	+0.218%	$17K	$38K	50x	as long as short
dYdX DYDX-USD	+0.2590%	1h	0.1376	−0.068%	$78K	$2K	5x	as long as short