Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against BingX−8.079%87s7-day average — · you buy dearer than you sell

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

Long on BingX 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 8.079% cheaper against BingX than usual: you would sell low and buy high (−$808 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DYM-USDT	0.01869	0.0100	pay 0.0050% / 4h	39m 48s	—	$16.1M	—
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	39m 48s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −8.079%Rate

Funding earned: −$14
Price spread: −8.079% → 0.000%: −$807.92
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$831.94
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 14 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 BingX live order book, 14 min ago	8.06 bp	34.1 bp −$34	123.0 bp −$1,230	700.0 bp −$70.0K	doesn't fit
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	0.01870	+0.060%	$256	—	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−8.079%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01869	0.000%	$377K	$244K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01870	+0.050%	$77K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01870	+0.038%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01868	−0.037%	$785K	$525K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01869	0.000%	$1.2M	$557K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01870	+0.054%	$465K	$201K	25x	as long as short
BingX DYM-USDTlong	+0.0100%	4h	0.01869	long leg	—	$16.1M	—
Variational Omni DYM	+0.0100%	4h	0.01872	+0.141%	$10K	$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	0.01869	−0.012%	$3K	$369K	5x	as long as short
Gate DYM_USDT	+0.0254%	4h	0.01872	+0.161%	$175K	$111K	25x	as long as short
KuCoin DYMUSDTM	+0.0764%	4h	0.01866	−0.161%	$427K	$124K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4131%	1h	0.01880	+0.589%	$15K	$4K	10x	as long as short