Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Binance−0.129%7-day average — · you buy dearer than you sell

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.129% cheaper against Binance than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DYMUSDT	0.01833	0.0100	pay 0.0050% / 4h	57m 39s	$2.4M	$4.8M	10x
Short	dYdX DYM-USD	0.01830	0	get 0.0000% / 1h	57m 39s	$251	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$21
Price spread: −0.129% → 0.000%: −$12.92
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$53.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 min ago; dYdX: 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 Binance live order book, 10 min ago	2.74 bp	22.4 bp −$22	268.0 bp −$2,680	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

DYM on 14 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
dYdX DYM-USDshort	0.0000%	1h	0.01830	−0.129%	$251	$5	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.253%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01832	−0.032%	$366K	$256K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01831	−0.085%	$75K	$6K	5x	as long as short
Binance DYMUSDTlong	+0.0100%	4h	0.01833	long leg	$2.4M	$4.8M	10x
Bybit DYMUSDT	+0.0100%	4h	0.01831	−0.092%	$794K	$416K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01831	−0.087%	$1.1M	$663K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01830	−0.142%	$398K	$188K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01832	−0.032%	—	$12.6M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01826	−0.373%	$9K	$5K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DYM-USD	+0.0104%	1h	0.01832	−0.021%	$4K	$263K	5x	as long as short
Gate DYM_USDT	+0.0510%	4h	0.01836	+0.186%	$146K	$169K	25x	as long as short
KuCoin DYMUSDTM	+0.1476%	4h	0.01838	+0.295%	$433K	$145K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1944%	1h	0.01836	+0.198%	$14K	$5K	10x	as long as short