Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC0.000%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$970.965% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now 0.000%, 7d avg −0.025%

Together, before fees+0.033%+$3 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: BingX is 0.025% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DYM_USDT	0.01827	0.0100	pay 0.0050% / 4h	1h 11m	$1.1M	$682K	20x
Short	BingX DYM-USDT	0.01827	0.0100	get 0.0050% / 4h	1h 11m	—	$12.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.025%: $2.53
Slippage, 4 orders: −$82.52
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$93.99
Costs to cover: 0.965%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 6 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 MEXC live order book, 3 min ago	5.48 bp	15.3 bp −$15	82.0 bp −$820	212.7 bp −$21.3K	477.2 bp −$238.6K
Sell BingX live order book, 6 min ago	8.23 bp	33.6 bp −$34	91.9 bp −$919	668.9 bp −$66.9K	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	0.01820	−0.397%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.966%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01822	−0.274%	$364K	$257K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01824	−0.160%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01827	+0.011%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01824	−0.142%	$792K	$418K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01824	−0.164%	$145K	$172K	25x	as long as short
MEXC DYM_USDTlong	+0.0100%	4h	0.01827	long leg	$1.1M	$682K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01828	+0.055%	$398K	$189K	25x	as long as short
BingX DYM-USDTshort	+0.0100%	4h	0.01827	0.000%	—	$12.6M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni DYM	+0.0100%	4h	0.01819	−0.423%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01823	−0.239%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1294%	4h	0.01825	−0.109%	$430K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1628%	1h	0.01825	−0.136%	$14K	$5K	10x	as long as short