Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Binance+0.104%7-day average −0.097% · you sell dearer than you buy

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

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.104%, 7d avg −0.097%

Together, before fees−0.287%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.202% dearer against Binance than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DYMUSDT	0.01841	0.0100	pay 0.0050% / 4h	56m 59s	$2.4M	$4.5M	10x
Short	Hyperliquid DYM	0.01843	0.0100	get 0.0013% / 1h	56m 59s	$370K	$242K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → −0.097%: $20.16
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $1.16
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Binance: live order book, 10 min ago; Hyperliquid: live order book, 33 min ago. 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	5.41 bp	29.5 bp −$29	259.1 bp −$2,591	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 33 min ago	2.70 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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-USD	0.0000%	1h	0.01838	−0.186%	$252	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.685%	$237	$12K	5.5x	as long as short
Hyperliquid DYMshort	+0.0100%	1h	0.01843	+0.104%	$370K	$242K	3x
Aster DYMUSDT	+0.0100%	4h	0.01839	−0.116%	$76K	$5K	5x	as long as short
Binance DYMUSDTlong	+0.0100%	4h	0.01841	long leg	$2.4M	$4.5M	10x
Bybit DYMUSDT	+0.0100%	4h	0.01838	−0.156%	$783K	$455K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01840	−0.059%	$146K	$90K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01838	−0.167%	$1.2M	$578K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01840	−0.059%	$407K	$159K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01839	−0.113%	—	$24.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni DYM	+0.0100%	4h	0.01838	−0.161%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01837	−0.195%	$3K	$288K	5x	as long as short
KuCoin DYMUSDTM	+0.0334%	4h	0.01838	−0.167%	$433K	$142K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.3693%	1h	0.01848	+0.388%	$15K	$5K	10x	as long as short