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: Bitget against MEXC0.000%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on MEXC Short on Bitget

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)+0.031%+$3 · spread now 0.000%, 7d avg +0.041%

Together, before fees+0.085%+$9 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: Bitget is 0.041% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DYM_USDT	0.01822	0.0100	pay 0.0050% / 4h	2h 39m	$1.2M	$698K	20x
Short	Bitget DYMUSDT	0.01822	0.0100	get 0.0050% / 4h	2h 39m	$397K	$193K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.041%: −$4.14
Slippage, 4 orders: −$70.6
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$90.74
Costs to cover: 0.866%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 44 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, 1 min ago	2.74 bp	9.4 bp −$9	62.1 bp −$621	205.0 bp −$20.5K	476.0 bp −$238.0K
Sell Bitget live order book, 44 min ago	2.73 bp	29.1 bp −$29	155.8 bp −$1,558	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	0.01818	−0.223%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.708%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01823	+0.055%	$364K	$258K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01823	+0.075%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01822	0.000%	$2.4M	$4.9M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01821	−0.055%	$781K	$413K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01823	+0.055%	$141K	$170K	25x	as long as short
MEXC DYM_USDTlong	+0.0100%	4h	0.01822	long leg	$1.2M	$698K	20x
Bitget DYMUSDTshort	+0.0100%	4h	0.01822	0.000%	$397K	$193K	25x
BingX DYM-USDT	+0.0100%	4h	0.01821	−0.055%	—	$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	0.01821	−0.082%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01822	−0.014%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1536%	4h	0.01823	+0.055%	$429K	$146K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2182%	1h	0.01823	+0.048%	$14K	$5K	10x	as long as short