Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.480%

Price spread now: Bybit against Injective−0.345%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 Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.658%+$66 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. Bybit is 0.345% cheaper against Injective than usual: you would sell low and buy high (spread −0.345% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 6.9 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DYDX/USDC PERP	0.1361	−0.0066	get 0.0008% / 1h	54m 44s	$6K	$49K	12x
Short	Bybit DYDXUSDT	0.1356	0.0100	get 0.0100% / 8h	2h 54m	$4.6M	$2.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now −0.345%Rate

Funding earned: $34.82
Price spread: −0.345% → 0.000%: −$34.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.74
Costs to cover: 0.110%
Break-even: 9.2 days

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.74 bp	46.9 bp −$47	230.7 bp −$2,307	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	−0.0066%	1h	0.1361	long leg	$6K	$49K	12x
Lighter DYDX	+0.0096%	1h	0.1359	−0.132%	$60K	$48K	5x	as long as short
Hyperliquid DYDX	+0.0100%	1h	0.1361	+0.007%	$2.1M	$721K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1359	−0.115%	$6K	$12K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1358	−0.206%	$5.3M	$8.4M	75x	as long as short
Bybit DYDXUSDTshort	+0.0100%	8h	0.1356	−0.345%	$4.6M	$2.5M	75x
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1359	−0.147%	$2.1M	$3.2M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1359	−0.162%	$385K	$458K	75x	as long as short
MEXC DYDX_USDT	+0.0100%	8h	0.1357	−0.294%	$2.9M	$783K	125x	as long as short
KuCoin DYDXUSDTM	+0.0100%	8h	0.1360	−0.073%	$2.3M	$3.7M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DYDXUSDT	+0.0100%	8h	0.1359	−0.147%	$1.4M	$1.0M	10x	as long as short
BingX DYDX-USDT	+0.0100%	8h	0.1360	−0.073%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1359	−0.174%	$3K	$108K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1358	−0.197%	$49K	—	3x	as long as short
BloFin DYDX-USDT	+0.0106%	8h	0.1359	−0.147%	$300K	$12K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1357	−0.305%	$920	—	100x	as long as short
Deribit DYDX_USDC-PERPETUAL	+0.0486%	1h	0.1359	−0.147%	—	—	25x	as long as short
Arcus DYDX-USD	+0.0562%	1h	0.1360	−0.073%	$53K	$20K	5x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0888%	1h	0.1368	+0.514%	$17K	$37K	50x	as long as short
Kraken Futures PF_DYDXUSD	+0.1026%	1h	0.1360	−0.046%	$308K	$349K	20x	as long as short
dYdX DYDX-USD	+0.3950%	1h	0.1359	−0.150%	$77K	$2K	5x	as long as short