Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0388%/8h= +42.5% APRnext payment +$0.49 per $10,000 · paid last 24h —

Price spread now: Deribit against Extended−0.047%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Deribit

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. Deribit is 0.047% cheaper against Extended than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended DYDX-USD	0.1349	0.0104	pay 0.0013% / 1h	37m 35s	$3K	$402K	10x
Short	Deribit DYDX_USDC-PERPETUAL	0.1348	0.0492	get 0.0062% / 1h	37m 35s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Extended. 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 ExtendedbpFee DeribitbpOrdersPrice spread, now −0.047%Rate

Funding earned: $81.56
Price spread: −0.047% → 0.000%: −$4.69
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $64.87
Costs to cover: 0.120%
Break-even: 1.4 days

Slippage unknown: Extended: live order book, 60 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 60 min ago	8.15 bp	34.9 bp −$35	218.7 bp −$2,187	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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
Lighter DYDX	+0.0096%	1h	0.1349	+0.020%	$60K	$46K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1351	+0.176%	$2.0M	$712K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1348	−0.020%	$6K	$10K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1349	+0.025%	$5.2M	$7.8M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1347	−0.128%	$4.7M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1349	−0.002%	$2.1M	$2.8M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1346	−0.166%	$367K	$429K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1348	−0.047%	$2.9M	$750K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1349	+0.027%	$2.3M	$3.4M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1349	+0.027%	$1.4M	$871K	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	0.1348	−0.047%	—	$3.0M	—	as long as short
Extended DYDX-USDlong	+0.0104%	1h	0.1349	long leg	$3K	$402K	10x
Aevo DYDX-PERP	+0.0104%	1h	0.1349	+0.064%	$49K	—	3x	as long as short
Arcus DYDX-USD	+0.0117%	1h	0.1351	+0.176%	$51K	$21K	5x	as long as short
BloFin DYDX-USDT	+0.0124%	8h	0.1349	+0.027%	$291K	$30K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1347	−0.088%	$914	—	100x	as long as short
Injective DYDX/USDC PERP	+0.0188%	1h	0.1349	+0.027%	$6K	$48K	12x	as long as short
Deribit DYDX_USDC-PERPETUALshort	+0.0492%	1h	0.1348	−0.047%	—	—	25x
Coinbase International DYDX-PERP-INTX	+0.0992%	1h	0.1356	+0.546%	$17K	$26K	50x	as long as short
Kraken Futures PF_DYDXUSD	+0.1088%	1h	0.1348	−0.053%	$303K	$300K	20x	as long as short
dYdX DYDX-USD	+0.9511%	1h	0.1349	−0.005%	$77K	$2K	5x	as long as short