Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0745%/8h= −81.5% APRpaid last 24h −0.224%

Price spread now: Injective against KuCoin−7.981%100s7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 −$22 a day on $10k at the current rate, and Injective is 7.981% cheaper against KuCoin than usual: you would sell low and buy high (−$798 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 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	KuCoin DYMUSDTM	0.01867	0.0778	pay 0.0389% / 4h	41m 30s	$428K	$124K	25x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	41m 30s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now −7.981%Rate

Funding earned: −$156.38
Price spread: −7.981% → 0.000%: −$798.07
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$966.47
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 62 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 KuCoin live order book, 62 min ago	32.61 bp	858.7 bp −$859	doesn't fit	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	0.0000%	1h	0.01870	+0.167%	$256	—	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−7.981%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01870	+0.161%	$377K	$245K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01872	+0.248%	$77K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01872	+0.250%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01871	+0.214%	$786K	$525K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01874	+0.375%	$1.2M	$557K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01872	+0.268%	$466K	$201K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01872	+0.268%	—	$16.1M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01868	+0.061%	$10K	$5K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DYM-USD	+0.0104%	1h	0.01873	+0.308%	$3K	$372K	5x	as long as short
Gate DYM_USDT	+0.0252%	4h	0.01873	+0.321%	$175K	$111K	25x	as long as short
KuCoin DYMUSDTMlong	+0.0778%	4h	0.01867	long leg	$428K	$124K	25x
Kraken Futures PF_DYMUSD	+0.4139%	1h	0.01877	+0.515%	$15K	$4K	10x	as long as short