Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.036%

Price spread now: dYdX against Gate−0.175%46s7-day average — · you buy dearer than you sell

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

Long on Gate Short on dYdX

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.175% cheaper against Gate than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	Gate DYM_USDT	0.01820	0.0100	pay 0.0050% / 4h	1h 50m	$142K	$170K	25x
Short	dYdX DYM-USD	0.01817	0	get 0.0000% / 1h	50m 54s	$249	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now −0.175%Rate

Funding earned: −$21
Price spread: −0.175% → 0.000%: −$17.48
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$63.48
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 25 min ago; dYdX: no order-book sample. 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 Gate live order book, 25 min ago	13.71 bp	215.5 bp −$215	52727.0 bp −$527.3K	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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-USDshort	0.0000%	1h	0.01817	−0.175%	$249	$5	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.604%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01818	−0.110%	$363K	$256K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01817	−0.165%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01822	+0.110%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01820	−0.016%	$791K	$418K	25x	as long as short
Gate DYM_USDTlong	+0.0100%	4h	0.01820	long leg	$142K	$170K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01821	+0.055%	$1.1M	$677K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01823	+0.165%	$397K	$189K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01821	+0.055%	—	$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	0.01815	−0.256%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01817	−0.181%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1280%	4h	0.01820	0.000%	$428K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1634%	1h	0.01818	−0.110%	$14K	$5K	10x	as long as short