Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.016%

Price spread now: Gate against Extended+0.143%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$653as in the Funding arb table

Net, price: spread back to 7d avg − costs−$627as in the Price arb table

costs, in and out, $10k−$6406.399% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)−0.270%−$27 · spread now +0.143%, 7d avg +0.015%

Together, before fees−0.404%+ Points / potential airdropExtended: Active · farm board−$40 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: Gate is 0.127% dearer against Extended than usual: you sell high and buy low, +$13 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	0.01847	0.0104	pay 0.0013% / 1h	44m 12s	$3K	$266K	5x
Short	Gate DYM_USDT	0.01850	0.0100	get 0.0050% / 4h	3h 44m	$147K	$109K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.143%Rate

Funding earned: −$0.84
Price spread: +0.143% → +0.015%: $12.71
Slippage, 4 orders: −$619.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$628.06
Costs to cover: 6.399%
Break-even: never at this rate

Slippage from Extended: live order book, 28 min ago; Gate: live order book, 22 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, 28 min ago	8.73 bp	81.8 bp −$82	626.3 bp −$6,263	doesn't fit	doesn't fit
Sell Gate live order book, 22 min ago	19.03 bp	181.2 bp −$181	doesn't fit	doesn't fit	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	0.01844	−0.198%	$253	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.003%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01847	−0.020%	$370K	$250K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01847	−0.031%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01847	−0.020%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01846	−0.074%	$786K	$423K	25x	as long as short
Gate DYM_USDTshort	+0.0100%	4h	0.01850	+0.143%	$147K	$109K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01847	−0.020%	$1.1M	$653K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01848	+0.034%	$401K	$167K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01847	−0.020%	—	$12.8M	—	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	0.01842	−0.306%	$9K	$5K	—	as long as short
Extended DYM-USDlong	+0.0104%	1h	0.01847	long leg	$3K	$266K	5x
KuCoin DYMUSDTM	+0.0672%	4h	0.01847	−0.020%	$436K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2420%	1h	0.01852	+0.264%	$15K	$5K	10x	as long as short