Funding arb · Price arb /

DYDX

all DYDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against MEXC+0.015%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DYDX_USDT	0.1350	0.0100	pay 0.0100% / 8h	7h 42m	$2.9M	$749K	125x
Short	Lighter DYDX	0.1350	0.0096	get 0.0012% / 1h	42m 18s	$60K	$46K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$0.84
Price spread: +0.015% → 0.000%: $1.48
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.36
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Lighter: 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 MEXC live order book, 5 min ago	3.70 bp	10.0 bp −$10	41.6 bp −$416	153.0 bp −$15.3K	385.5 bp −$192.7K
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 DYDXshort	+0.0096%	1h	0.1350	+0.015%	$60K	$46K	5x
Hyperliquid DYDX	+0.0100%	1h	0.1352	+0.133%	$2.0M	$714K	5x	as long as short
Aster DYDXUSDT	+0.0100%	8h	0.1351	+0.086%	$6K	$10K	5x	as long as short
Binance DYDXUSDT	+0.0100%	8h	0.1350	+0.001%	$5.2M	$7.8M	75x	as long as short
Bybit DYDXUSDT	+0.0100%	8h	0.1348	−0.163%	$4.7M	$2.5M	75x	as long as short
OKX DYDX-USDT-SWAP	+0.0100%	8h	0.1350	+0.015%	$2.1M	$2.9M	20x	as long as short
Gate DYDX_USDT	+0.0100%	8h	0.1349	−0.059%	$368K	$428K	75x	as long as short
MEXC DYDX_USDTlong	+0.0100%	8h	0.1350	long leg	$2.9M	$749K	125x
KuCoin DYDXUSDTM	+0.0100%	8h	0.1351	+0.074%	$2.3M	$3.4M	50x	as long as short
Bitget DYDXUSDT	+0.0100%	8h	0.1350	0.000%	$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	0.1350	0.000%	—	$3.0M	—	as long as short
Extended DYDX-USD	+0.0104%	1h	0.1349	−0.080%	$4K	$401K	10x	as long as short
Aevo DYDX-PERP	+0.0104%	1h	0.1349	−0.068%	$49K	—	3x	as long as short
Arcus DYDX-USD	+0.0117%	1h	0.1352	+0.148%	$51K	$21K	5x	as long as short
BloFin DYDX-USDT	+0.0129%	8h	0.1352	+0.148%	$291K	$30K	75x	as long as short
GMX DYDX/USD [WBTC.b-USDC]	L +0.0187% / S −0.0526%	1h	0.1350	−0.023%	$915	—	100x	as long as short
Injective DYDX/USDC PERP	+0.0188%	1h	0.1350	0.000%	$6K	$48K	12x	as long as short
Deribit DYDX_USDC-PERPETUAL	+0.0491%	1h	0.1350	0.000%	—	—	25x	as long as short
Coinbase International DYDX-PERP-INTX	+0.0992%	1h	0.1356	+0.444%	$17K	$26K	50x	as long as short
Kraken Futures PF_DYDXUSD	+0.1086%	1h	0.1350	+0.019%	$304K	$303K	20x	as long as short
dYdX DYDX-USD	+0.8969%	1h	0.1350	−0.017%	$77K	$2K	5x	as long as short