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: Bybit against MEXC−0.164%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$3293.289% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.164%, 7d avg −0.093%

Together, before fees+0.186%+$19 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: Bybit is 0.071% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DYM_USDT	0.01829	0.0100	pay 0.0050% / 4h	30m 13s	$1.2M	$668K	20x
Short	Bybit DYMUSDT	0.01826	0.0100	get 0.0050% / 4h	30m 13s	$777K	$423K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.164%Rate

Funding earned: $0
Price spread: −0.164% → −0.093%: −$7.11
Slippage, 4 orders: −$313.91
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$336.01
Costs to cover: 3.289%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 45 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	2.73 bp	11.5 bp −$12	61.8 bp −$618	196.5 bp −$19.7K	448.9 bp −$224.5K
Sell Bybit live order book, 45 min ago	8.23 bp	145.4 bp −$145	568.0 bp −$5,680	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	0.01826	−0.154%	$250	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.069%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01829	0.000%	$365K	$254K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01831	+0.093%	$75K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01829	+0.021%	$2.4M	$4.7M	10x	as long as short
Bybit DYMUSDTshort	+0.0100%	4h	0.01826	−0.164%	$777K	$423K	25x
MEXC DYM_USDTlong	+0.0100%	4h	0.01829	long leg	$1.2M	$668K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01830	+0.055%	$398K	$180K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01828	−0.055%	—	$12.8M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01826	−0.176%	$9K	$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	0.01829	+0.017%	$4K	$263K	5x	as long as short
Gate DYM_USDT	+0.0386%	4h	0.01830	+0.055%	$146K	$169K	25x	as long as short
KuCoin DYMUSDTM	+0.1270%	4h	0.01829	0.000%	$431K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1949%	1h	0.01832	+0.137%	$14K	$5K	10x	as long as short