Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Bitget+0.055%7-day average −0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1471.469% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.055%, 7d avg −0.112%

Together, before fees−0.197%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 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 0.167% dearer against Bitget than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DYMUSDT	0.01818	0.0100	pay 0.0050% / 4h	1h 24m	$396K	$189K	25x
Short	Hyperliquid DYM	0.01819	0.0100	get 0.0013% / 1h	24m 44s	$363K	$256K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.112%: $16.71
Slippage, 4 orders: −$125.88
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$130.17
Costs to cover: 1.469%
Break-even: never at this rate

Slippage from Bitget: live order book, 51 min ago; Hyperliquid: live order book, 45 min ago.

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 Bitget live order book, 51 min ago	5.50 bp	34.2 bp −$34	266.0 bp −$2,660	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 45 min ago	2.75 bp	47.6 bp −$48	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	0.01816	−0.124%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.501%	$237	$12K	5.5x	as long as short
Hyperliquid DYMshort	+0.0100%	1h	0.01819	+0.055%	$363K	$256K	3x
Aster DYMUSDT	+0.0100%	4h	0.01817	−0.048%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01821	+0.192%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01818	−0.028%	$789K	$418K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01820	+0.110%	$142K	$170K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01820	+0.110%	$1.1M	$680K	20x	as long as short
Bitget DYMUSDTlong	+0.0100%	4h	0.01818	long leg	$396K	$189K	25x
BingX DYM-USDT	+0.0100%	4h	0.01819	+0.055%	—	$12.6M	—	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	0.01814	−0.232%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01820	+0.114%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1216%	4h	0.01821	+0.165%	$429K	$145K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1626%	1h	0.01827	+0.503%	$14K	$5K	10x	as long as short