Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against dYdX+0.223%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.223% dearer against dYdX than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DYM-USD	0.01818	0	get 0.0000% / 1h	40m 06s	$249	$5	5x
Short	Bitget DYMUSDT	0.01822	0.0100	get 0.0050% / 4h	2h 40m	$397K	$193K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.223%Rate

Funding earned: $21
Price spread: +0.223% → 0.000%: $22.3
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $21.3
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 44 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 Bitget live order book, 44 min ago	2.73 bp	29.1 bp −$29	155.8 bp −$1,558	doesn't fit	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	0.0000%	1h	0.01818	long leg	$249	$5	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.498%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01823	+0.278%	$364K	$259K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01823	+0.279%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01823	+0.267%	$2.4M	$4.9M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01821	+0.146%	$781K	$413K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01823	+0.278%	$141K	$170K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01822	+0.223%	$1.2M	$698K	20x	as long as short
Bitget DYMUSDTshort	+0.0100%	4h	0.01822	+0.223%	$397K	$193K	25x
BingX DYM-USDT	+0.0100%	4h	0.01821	+0.168%	—	$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	0.01821	+0.141%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01822	+0.232%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1530%	4h	0.01823	+0.278%	$429K	$146K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2182%	1h	0.01823	+0.271%	$14K	$5K	10x	as long as short