All ETH pairs

ETH funding carry: Binance vs dYdX

Entering and exiting this pair costs 2E+1 bps of notional at taker fees (6 bps at maker). Funding has to pay that back before the trade is worth anything — here is how long that takes.

Right now

Gross funding APR
46.90%
Net APY on $10k
31.15%
Break-even
56.42h
Net positive for
724m
  • Net positive for only 724 min — needs ~56.42h to break even on entry/exit costs.
Short
binance perp
ETH/USDT
Trade on binance
Long
dydx perp
ETH/USD
Trade on dydx

Last 30 days

Above its costs
33.5% of the time
Net APY when above costs
21.57%
Net APY when below costs
-5.68%
Best single hour
109.09%

Measured on 420 hours of ranking we recorded ourselves.

Round-trip cost

Venue Taker Maker Perp instrument
Binance 5 2 ETHUSDT
dYdX 5 1 ETH-USD

Other ETH pairs

How long funding takes to repay the entry

At a given gross funding APR, this is how many hours you must hold before the position has paid back entry and exit. Below that, a positive APR is still a loss.

Gross funding APR Taker in / out Maker in / out
5% 350h (14d) 105h (4d)
10% 175h (7d) 53h (2d)
20% 88h (3d) 26h
50% 35h 11h