Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Hyperliquid+0.133%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1351.352% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.133%, 7d avg +0.101%

Together, before fees+0.006%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 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: Binance is 0.031% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid DYM	0.01814	0.0100	pay 0.0013% / 1h	57m 17s	$363K	$257K	3x
Short	Binance DYMUSDT	0.01816	0.0100	get 0.0050% / 4h	1h 57m	$2.4M	$4.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.101%: $3.14
Slippage, 4 orders: −$116.21
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$132.07
Costs to cover: 1.352%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 13 min ago; Binance: live order book, 10 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 Hyperliquid live order book, 13 min ago	2.75 bp	39.4 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.75 bp	19.7 bp −$20	133.8 bp −$1,338	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	0.01809	−0.254%	$248	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.292%	$237	$12K	5.5x	as long as short
Hyperliquid DYMlong	+0.0100%	1h	0.01814	long leg	$363K	$257K	3x
Aster DYMUSDT	+0.0100%	4h	0.01816	+0.083%	$75K	$6K	5x	as long as short
Binance DYMUSDTshort	+0.0100%	4h	0.01816	+0.133%	$2.4M	$4.8M	10x
Bybit DYMUSDT	+0.0100%	4h	0.01814	0.000%	$788K	$419K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01814	0.000%	$142K	$170K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01815	+0.055%	$1.1M	$677K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01815	+0.055%	$395K	$189K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01814	0.000%	—	$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	0.01807	−0.389%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01815	+0.068%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1310%	4h	0.01817	+0.165%	$427K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1631%	1h	0.01821	+0.381%	$14K	$5K	10x	as long as short