Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against MEXC−5.760%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 −$2 a day on $10k at the current rate, and Injective is 5.760% cheaper against MEXC than usual: you would sell low and buy high (−$576 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DYM_USDT	0.01823	0.0100	pay 0.0050% / 4h	1h 43m	$1.1M	$678K	20x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	43m 09s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now −5.760%Rate

Funding earned: −$14
Price spread: −5.760% → 0.000%: −$575.97
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$593.99
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	5.48 bp	15.6 bp −$16	73.8 bp −$738	210.1 bp −$21.0K	497.5 bp −$248.7K
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	0.01821	−0.120%	$249	$5	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−5.760%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01823	0.000%	$365K	$257K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01822	−0.038%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01823	0.000%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01824	+0.033%	$792K	$417K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01820	−0.165%	$142K	$170K	25x	as long as short
MEXC DYM_USDTlong	+0.0100%	4h	0.01823	long leg	$1.1M	$678K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01823	0.000%	$397K	$189K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01824	+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	−0.119%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01823	−0.018%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1314%	4h	0.01826	+0.165%	$430K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1628%	1h	0.01824	+0.067%	$14K	$5K	10x	as long as short