Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Aster−0.089%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.089% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DYMUSDT	0.01826	0.0100	pay 0.0050% / 4h	2h 36m	$75K	$6K	5x
Short	Hyperliquid DYM	0.01824	0.0100	get 0.0013% / 1h	36m 35s	$365K	$259K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → 0.000%: −$8.89
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$25.89
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 47 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 47 min ago	2.73 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit

Aster: 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	0.01819	−0.339%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.895%	$237	$12K	5.5x	as long as short
Hyperliquid DYMshort	+0.0100%	1h	0.01824	−0.089%	$365K	$259K	3x
Aster DYMUSDTlong	+0.0100%	4h	0.01826	long leg	$75K	$6K	5x
Binance DYMUSDT	+0.0100%	4h	0.01823	−0.144%	$2.4M	$4.9M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01823	−0.122%	$782K	$414K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01825	−0.034%	$141K	$170K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01823	−0.144%	$1.2M	$698K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01824	−0.089%	$397K	$193K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01823	−0.144%	—	$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	−0.280%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01823	−0.156%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1536%	4h	0.01825	−0.034%	$429K	$146K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2170%	1h	0.01833	+0.418%	$14K	$5K	10x	as long as short