Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0314%/8h= +34.3% APRpaid last 24h +0.463%

Price spread now: Bitget against Injective−0.358%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.646%+$65 on $10k

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. Bitget is 0.358% cheaper against Injective than usual: you would sell low and buy high (spread −0.358% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 3.8 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DYDX/USDC PERP	0.1395	−0.0214	get 0.0027% / 1h	58m 48s	$6K	$52K	12x
Short	Bitget DYDXUSDT	0.1390	0.0100	get 0.0100% / 8h	7h 58m	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −0.358%Rate

Funding earned: $65.84
Price spread: −0.358% → 0.000%: −$35.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: $17.98
Costs to cover: 0.120%
Break-even: 5.1 days

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 8 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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 8 min ago	3.61 bp	21.1 bp −$21	78.1 bp −$781	doesn't fit	doesn't fit

Injective: 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 PERPlong	−0.0214%	1h	0.1395	long leg	$6K	$52K	12x
Deribit DYDX_USDC-PERPETUAL	0.0000%	1h	0.1389	−0.430%	—	—	25x	as long as short
BloFin DYDX-USDT	+0.0090%	8h	0.1388	−0.502%	$296K	$14K	75x	as long as short
Kraken Futures PF_DYDXUSD	+0.0095%	1h	0.1391	−0.275%	$313K	$332K	20x	as long as short
Lighter DYDX	+0.0096%	1h	0.1389	−0.394%	$62K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1392	−0.208%	$2.1M	$737K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1390	−0.340%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1390	−0.345%	$5.3M	$8.3M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1388	−0.473%	$4.6M	$2.3M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1390	−0.380%	$2.2M	$3.4M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DYDX-USD	+0.0100%	1h	0.1391	−0.287%	$54K	$20K	5x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1390	−0.358%	$387K	$456K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1390	−0.358%	$3.1M	$913K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1391	−0.287%	$2.4M	$3.9M	50x	as long as short
Bitget DYDXUSDTshort	+0.0100%	8h	0.1390	−0.358%	$1.4M	$1.1M	10x
BingX DYDX-USDT	+0.0100%	8h	0.1389	−0.430%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1391	−0.319%	$3K	$104K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1390	−0.356%	$50K	—	3x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1389	−0.448%	$942	—	100x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0648%	1h	0.1392	−0.215%	$16K	$30K	50x	as long as short
dYdX DYDX-USD	+0.2935%	1h	0.1389	−0.408%	$79K	$2K	5x	as long as short