All ETH pairs

ETH funding carry: Bybit vs dYdX

Entering and exiting this pair costs 21 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
42.53%
Net APY on $10k
28.35%
Break-even
56.01h
Net positive for
725m
  • Net positive for only 725 min — needs ~56.01h to break even on entry/exit costs.
Short
bybit perp
ETH/USDT
Trade on bybit
Long
dydx perp
ETH/USD
Trade on dydx

Last 30 days

Above its costs
33.4% of the time
Net APY when above costs
20.90%
Net APY when below costs
-5.92%
Best single hour
107.58%

Measured on 420 hours of ranking we recorded ourselves.

Round-trip cost

Venue Taker Maker Perp instrument
Bybit 5.5 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% 368h (15d) 105h (4d)
10% 184h (7d) 53h (2d)
20% 92h (3d) 26h
50% 37h 11h