Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h +0.028%

Price spread now: BingX against dYdX−0.233%49s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. BingX is 0.233% cheaper against dYdX than usual: you would sell low and buy high (spread −0.233% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 10 days of funding at the current rate (+$2 a day). The two prices were read 49 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	dYdX DYM-USD	0.01810	0.0024	pay 0.0003% / 1h	39m 50s	$248	—	5x
Short	BingX DYM-USDT	0.01806	0.0100	get 0.0050% / 4h	2h 39m	—	$16.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.233%Rate

Funding earned: $16.05
Price spread: −0.233% → 0.000%: −$23.26
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$27.21
Costs to cover: 0.200%
Break-even: 18.9 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 9 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	8.21 bp	46.1 bp −$46	128.6 bp −$1,286	726.4 bp −$72.6K	doesn't fit

dYdX: 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-USDlong	+0.0024%	1h	0.01810	long leg	$248	—	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.094%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01808	−0.122%	$361K	$228K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01809	−0.061%	$75K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01809	−0.067%	$2.4M	$4.3M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01803	−0.376%	$763K	$478K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01810	−0.012%	$146K	$89K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01809	−0.067%	$1.1M	$567K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01808	−0.122%	$392K	$150K	25x	as long as short
BingX DYM-USDTshort	+0.0100%	4h	0.01806	−0.233%	—	$16.2M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni DYM	+0.0100%	4h	0.01810	−0.027%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01809	−0.074%	$3K	$151K	5x	as long as short
KuCoin DYMUSDTM	+0.0208%	4h	0.01811	+0.044%	$420K	$126K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4143%	1h	0.01815	+0.265%	$14K	$4K	10x	as long as short