Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Binance−6.478%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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 −$2 a day on $10k at the current rate, and Injective is 6.478% cheaper against Binance than usual: you would sell low and buy high (−$648 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	0.01837	0.0100	pay 0.0050% / 4h	1h 43m	$2.4M	$4.4M	10x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	43m 13s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −6.478%Rate

Funding earned: −$14
Price spread: −6.478% → 0.000%: −$647.8
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$671.82
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; Injective: 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, 9 min ago	2.74 bp	40.0 bp −$40	419.6 bp −$4,196	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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-USD	0.0000%	1h	0.01827	−0.534%	$250	—	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−6.478%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01837	0.000%	$370K	$235K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01833	−0.220%	$76K	$7K	5x	as long as short
Binance DYMUSDTlong	+0.0100%	4h	0.01837	long leg	$2.4M	$4.4M	10x
Bybit DYMUSDT	+0.0100%	4h	0.01834	−0.163%	$772K	$502K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01831	−0.327%	$154K	$93K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01835	−0.109%	$1.2M	$564K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01837	0.000%	$396K	$157K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01833	−0.218%	—	$16.1M	—	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	0.01817	−1.106%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01836	−0.047%	$3K	$147K	5x	as long as short
KuCoin DYMUSDTM	+0.0914%	4h	0.01830	−0.381%	$420K	$125K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4092%	1h	0.01847	+0.520%	$15K	$4K	10x	as long as short