Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bybit+0.142%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$489as in the Funding arb table

Net, price: spread back to 7d avg − costs−$480as in the Price arb table

costs, in and out, $10k−$4864.861% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.142%, 7d avg +0.083%

Together, before fees−0.147%+ Points / potential airdropExtended: Active · farm board−$15 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: Extended is 0.058% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DYMUSDT	0.01845	0.0100	pay 0.0050% / 4h	3h 42m	$785K	$423K	25x
Short	Extended DYM-USD	0.01848	0.0104	get 0.0013% / 1h	42m 10s	$3K	$266K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0.84
Price spread: +0.142% → +0.083%: $5.83
Slippage, 4 orders: −$470.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$479.39
Costs to cover: 4.861%
Break-even: 4001.9 days

Slippage from Bybit: live order book, 28 min ago; Extended: live order book, 30 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 Bybit live order book, 28 min ago	5.45 bp	150.2 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 30 min ago	8.73 bp	103.1 bp −$103	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	0.01844	−0.070%	$253	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.883%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01847	+0.108%	$370K	$251K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01847	+0.097%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01847	+0.097%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDTlong	+0.0100%	4h	0.01845	long leg	$785K	$423K	25x
Gate DYM_USDT	+0.0100%	4h	0.01849	+0.217%	$147K	$109K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01847	+0.108%	$1.1M	$653K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01849	+0.217%	$402K	$167K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01847	+0.108%	—	$12.8M	—	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	0.01842	−0.178%	$9K	$5K	—	as long as short
Extended DYM-USDshort	+0.0104%	1h	0.01848	+0.142%	$3K	$266K	5x
KuCoin DYMUSDTM	+0.0646%	4h	0.01847	+0.108%	$436K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2417%	1h	0.01854	+0.492%	$15K	$5K	10x	as long as short