Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.054%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$320as in the Funding arb table

Net, price: spread back to 7d avg − costs−$323as in the Price arb table

costs, in and out, $10k−$3193.187% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.054%, 7d avg +0.096%

Together, before fees−0.197%−$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: MEXC is 0.042% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DYMUSDT	0.01840	0.0100	pay 0.0050% / 4h	51m 49s	$784K	$455K	25x
Short	MEXC DYM_USDT	0.01841	0.0100	get 0.0050% / 4h	51m 49s	$1.2M	$578K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.096%: −$4.17
Slippage, 4 orders: −$303.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$322.89
Costs to cover: 3.187%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	8.15 bp	150.3 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.71 bp	16.3 bp −$16	86.3 bp −$863	209.9 bp −$21.0K	519.9 bp −$259.9K

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
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.630%	$237	$12K	5.5x	as long as short
dYdX DYM-USD	+0.0066%	1h	0.01838	−0.128%	$252	$5	5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01840	0.000%	$370K	$241K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01844	+0.213%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01840	+0.026%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDTlong	+0.0100%	4h	0.01840	long leg	$784K	$455K	25x
Gate DYM_USDT	+0.0100%	4h	0.01842	+0.109%	$146K	$90K	25x	as long as short
MEXC DYM_USDTshort	+0.0100%	4h	0.01841	+0.054%	$1.2M	$578K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01841	+0.054%	$407K	$159K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01842	+0.109%	—	$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	0.01843	+0.174%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01840	+0.010%	$3K	$288K	5x	as long as short
KuCoin DYMUSDTM	+0.0326%	4h	0.01840	0.000%	$433K	$142K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.3696%	1h	0.01847	+0.372%	$15K	$5K	10x	as long as short