Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.030%

Price spread now: Injective against Gate−5.030%84s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 −$2 a day on $10k at the current rate, and Injective is 5.030% cheaper against Gate than usual: you would sell low and buy high (−$503 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 84 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	0.01809	0.0100	pay 0.0050% / 4h	2h 31m	$145K	$89K	25x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	31m 47s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.030%Rate

Funding earned: −$14
Price spread: −5.030% → 0.000%: −$503.04
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$532.06
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 9 min ago; Injective: 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, 9 min ago	16.59 bp	510.9 bp −$511	59736.7 bp −$597.4K	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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-USD	+0.0023%	1h	0.01806	−0.181%	$247	—	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−5.030%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01808	−0.055%	$361K	$227K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01809	+0.008%	$75K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01808	−0.033%	$2.4M	$4.4M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01806	−0.188%	$764K	$480K	25x	as long as short
Gate DYM_USDTlong	+0.0100%	4h	0.01809	long leg	$145K	$89K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01807	−0.111%	$1.1M	$568K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01808	−0.055%	$391K	$151K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01808	−0.055%	—	$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	0.01811	+0.095%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01807	−0.097%	$1K	$151K	5x	as long as short
KuCoin DYMUSDTM	+0.0330%	4h	0.01812	+0.166%	$420K	$126K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4149%	1h	0.01812	+0.178%	$14K	$4K	10x	as long as short