Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against BingX0.000%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$371as in the Funding arb table

Net, price: spread back to 7d avg − costs−$362as in the Price arb table

costs, in and out, $10k−$3693.685% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now 0.000%, 7d avg −0.067%

Together, before fees−0.017%−$2 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 0.067% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DYM-USDT	0.01845	0.0100	pay 0.0050% / 4h	3h 59m	—	$12.8M	—
Short	Bybit DYMUSDT	0.01845	0.0100	get 0.0050% / 4h	3h 59m	$784K	$428K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.067%: $6.66
Slippage, 4 orders: −$347.54
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$361.88
Costs to cover: 3.685%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; Bybit: live order book, 10 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 BingX live order book, 14 min ago	8.18 bp	35.2 bp −$35	105.1 bp −$1,051	663.8 bp −$66.4K	doesn't fit
Sell Bybit live order book, 10 min ago	5.45 bp	150.9 bp −$151	1076.3 bp −$10.8K	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	0.01843	−0.121%	$252	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.883%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01846	+0.054%	$370K	$255K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01845	−0.027%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01846	+0.062%	$2.4M	$4.7M	10x	as long as short
Bybit DYMUSDTshort	+0.0100%	4h	0.01845	0.000%	$784K	$428K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01845	0.000%	$1.1M	$652K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01848	+0.163%	$402K	$175K	25x	as long as short
BingX DYM-USDTlong	+0.0100%	4h	0.01845	long leg	—	$12.8M	—
Variational Omni DYM	+0.0100%	4h	0.01841	−0.230%	$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	0.01846	+0.057%	$4K	$260K	5x	as long as short
Gate DYM_USDT	+0.0298%	4h	0.01844	−0.054%	$147K	$109K	25x	as long as short
KuCoin DYMUSDTM	+0.0866%	4h	0.01846	+0.054%	$436K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2402%	1h	0.01865	+1.109%	$15K	$5K	10x	as long as short