Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against Extended−0.090%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$254as in the Price arb table

costs, in and out, $10k−$2472.465% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.090%, 7d avg −0.015%

Together, before fees+0.122%+ Points / potential airdropExtended: Active · farm board+$12 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: BingX is 0.075% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended DYM-USD	0.01828	0.0104	pay 0.0013% / 1h	33m 48s	$4K	$263K	5x
Short	BingX DYM-USDT	0.01826	0.0100	get 0.0050% / 4h	33m 48s	—	$12.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$0.84
Price spread: −0.090% → −0.015%: −$7.5
Slippage, 4 orders: −$231.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$254.89
Costs to cover: 2.465%
Break-even: never at this rate

Slippage from Extended: live order book, 43 min ago; BingX: live order book, 4 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 Extended live order book, 43 min ago	7.69 bp	73.8 bp −$74	611.8 bp −$6,118	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	8.21 bp	34.2 bp −$34	83.8 bp −$838	676.6 bp −$67.7K	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	0.01825	−0.162%	$250	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.000%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01827	−0.036%	$365K	$254K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01828	+0.019%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01828	+0.042%	$2.4M	$4.7M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01824	−0.200%	$776K	$425K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01828	+0.019%	$1.2M	$668K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01826	−0.090%	$397K	$180K	25x	as long as short
BingX DYM-USDTshort	+0.0100%	4h	0.01826	−0.090%	—	$12.6M	—
Variational Omni DYM	+0.0100%	4h	0.01823	−0.239%	$9K	$5K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DYM-USDlong	+0.0104%	1h	0.01828	long leg	$4K	$263K	5x
Gate DYM_USDT	+0.0420%	4h	0.01830	+0.128%	$146K	$169K	25x	as long as short
KuCoin DYMUSDTM	+0.1326%	4h	0.01828	+0.019%	$431K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1945%	1h	0.01835	+0.383%	$14K	$5K	10x	as long as short