Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against BingX−6.681%72s7-day average — · you buy dearer than you sell

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

Long on BingX 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 6.681% cheaper against BingX than usual: you would sell low and buy high (−$668 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DYM-USDT	0.01841	0.0100	pay 0.0050% / 4h	3h 20m	—	$12.8M	—
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	20m 10s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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 BingXbpFee InjectivebpOrdersPrice spread, now −6.681%Rate

Funding earned: −$14
Price spread: −6.681% → 0.000%: −$668.12
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$692.14
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 3 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 BingX live order book, 3 min ago	10.84 bp	40.8 bp −$41	112.3 bp −$1,123	693.6 bp −$69.4K	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	0.01841	−0.020%	$252	$5	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−6.681%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01841	0.000%	$368K	$248K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01844	+0.163%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01843	+0.109%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01841	0.000%	$783K	$421K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01843	+0.109%	$1.1M	$655K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01843	+0.109%	$406K	$170K	25x	as long as short
BingX DYM-USDTlong	+0.0100%	4h	0.01841	long leg	—	$12.8M	—
Variational Omni DYM	+0.0100%	4h	0.01840	−0.071%	$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	0.01843	+0.083%	$6K	$300K	5x	as long as short
KuCoin DYMUSDTM	+0.0456%	4h	0.01846	+0.272%	$436K	$143K	25x	as long as short
Gate DYM_USDT	+0.0532%	4h	0.01844	+0.163%	$147K	$110K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2431%	1h	0.01844	+0.142%	$15K	$5K	10x	as long as short