Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.027%

Price spread now: BingX against dYdX−0.144%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. BingX is 0.144% cheaper against dYdX than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 4.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DYM-USD	0.01835	0	get 0.0000% / 1h	20m 49s	$251	—	5x
Short	BingX DYM-USDT	0.01832	0.0100	get 0.0050% / 4h	20m 49s	—	$16.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $21
Price spread: −0.144% → 0.000%: −$14.35
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.35
Costs to cover: 0.200%
Break-even: 11.5 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 8 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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	10.89 bp	48.3 bp −$48	119.4 bp −$1,194	708.2 bp −$70.8K	1017.6 bp −$508.8K

dYdX: 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-USDlong	0.0000%	1h	0.01835	long leg	$251	—	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.357%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01835	+0.020%	$368K	$250K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01836	+0.095%	$76K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01835	−0.001%	$2.4M	$4.7M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01832	−0.133%	$772K	$533K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01835	+0.020%	$1.2M	$570K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01836	+0.075%	$458K	$220K	25x	as long as short
BingX DYM-USDTshort	+0.0100%	4h	0.01832	−0.144%	—	$16.1M	—
Variational Omni DYM	+0.0100%	4h	0.01829	−0.297%	$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	0.01835	+0.001%	$3K	$365K	5x	as long as short
Gate DYM_USDT	+0.0142%	4h	0.01832	−0.144%	$171K	$114K	25x	as long as short
KuCoin DYMUSDTM	+0.0366%	4h	0.01833	−0.089%	$419K	$115K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4214%	1h	0.01843	+0.450%	$15K	$4K	10x	as long as short