Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.028%

Price spread now: MEXC against dYdX−0.418%7-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 MEXC

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. MEXC is 0.418% cheaper against dYdX than usual: you would sell low and buy high (spread −0.418% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$42 on $10k: about 16 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DYM-USD	0.01836	0.0011	pay 0.0001% / 1h	9m 19s	$252	—	5x
Short	MEXC DYM_USDT	0.01828	0.0100	get 0.0050% / 4h	3h 09m	$1.2M	$570K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.418%Rate

Funding earned: $18.69
Price spread: −0.418% → 0.000%: −$41.78
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$37.09
Costs to cover: 0.140%
Break-even: 20.9 days

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	2.73 bp	14.0 bp −$14	81.1 bp −$811	191.3 bp −$19.1K	432.8 bp −$216.4K

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	+0.0011%	1h	0.01836	long leg	$252	—	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.410%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01832	−0.200%	$368K	$226K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01830	−0.320%	$75K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01828	−0.418%	$2.4M	$4.3M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01825	−0.581%	$771K	$472K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01833	−0.145%	$147K	$90K	25x	as long as short
MEXC DYM_USDTshort	+0.0100%	4h	0.01828	−0.418%	$1.2M	$570K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01832	−0.200%	$401K	$152K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01828	−0.418%	—	$16.2M	—	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	0.01829	−0.355%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01833	−0.150%	$2K	$147K	5x	as long as short
KuCoin DYMUSDTM	+0.0190%	4h	0.01832	−0.200%	$428K	$133K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4121%	1h	0.01840	+0.230%	$14K	$4K	10x	as long as short