All ETH pairs

ETH funding carry: dYdX vs Gate.io

Entering and exiting this pair costs 25 bps of notional at taker fees (0 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
44.13%
Net APY on $10k
29.38%
Break-even
56.16h
Net positive for
573m
  • Net positive for only 573 min — needs ~56.16h to break even on entry/exit costs.
Short
gate perp
ETH/USDT
Trade on gate
Long
dydx perp
ETH/USD
Trade on dydx

Last 30 days

Above its costs
30.4% of the time
Net APY when above costs
20.56%
Net APY when below costs
-6.95%
Best single hour
108.70%

Measured on 420 hours of ranking we recorded ourselves.

Round-trip cost

Venue Taker Maker Perp instrument
dYdX 5 1 ETH-USD
Gate.io 7.5 -1 ETH_USDT

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% 438h (18d) 0h
10% 219h (9d) 0h
20% 110h (4d) 0h
50% 44h 0h