Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.199%

Price spread now: KuCoin against Hyperliquid−0.219%7-day average +0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,787as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,884as in the Price arb table

costs, in and out, $10k−$1,84718.466% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.599%+$60 on $10k

Price spread, last 4 days (all we have)+0.330%+$33 · spread now −0.219%, 7d avg +0.154%

Together, before fees+0.928%+ Points / potential airdropHyperliquid: Season 2 · farm board+$93 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.374% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.219% now, against its 7-day average of +0.154%). If the spread goes back, that is −$37 on $10k: about 8.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid DYM	0.01824	0.0100	pay 0.0013% / 1h	54m 12s	$365K	$246K	3x
Short	KuCoin DYMUSDTM	0.01820	0.0248	get 0.0124% / 4h	2h 54m	$425K	$145K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now −0.219%Rate

Funding earned: $31.08
Price spread: −0.219% → +0.154%: −$37.35
Slippage, 4 orders: −$1,825.6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,852.87
Costs to cover: 18.466%
Break-even: 424.3 days

Slippage from Hyperliquid: live order book, 56 min ago; KuCoin: live order book, 58 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, 56 min ago	2.71 bp	23.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 58 min ago	21.72 bp	834.3 bp −$834	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	0.01822	−0.098%	$250	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.811%	$237	$12K	5.5x	as long as short
Hyperliquid DYMlong	+0.0100%	1h	0.01824	long leg	$365K	$246K	3x
Aster DYMUSDT	+0.0100%	4h	0.01820	−0.228%	$75K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01822	−0.114%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01820	−0.225%	$775K	$429K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01820	−0.219%	$144K	$97K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01821	−0.164%	$1.1M	$596K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01823	−0.055%	$402K	$164K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01819	−0.274%	—	$24.7M	—	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	0.01820	−0.207%	$10K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01821	−0.137%	$1K	$288K	5x	as long as short
KuCoin DYMUSDTMshort	+0.0248%	4h	0.01820	−0.219%	$425K	$145K	25x
Kraken Futures PF_DYMUSD	+0.3434%	1h	0.01829	+0.293%	$14K	$5K	10x	as long as short