Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.028%

Price spread now: Bybit against dYdX−0.287%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 Bybit

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. Bybit is 0.287% cheaper against dYdX than usual: you would sell low and buy high (spread −0.287% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 13 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DYM-USD	0.01814	0.0024	pay 0.0003% / 1h	34m 38s	$249	—	5x
Short	Bybit DYMUSDT	0.01809	0.0100	get 0.0050% / 4h	2h 34m	$765K	$480K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.287%Rate

Funding earned: $15.88
Price spread: −0.287% → 0.000%: −$28.72
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.84
Costs to cover: 0.210%
Break-even: 21.9 days

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 10 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 Bybit live order book, 10 min ago	8.27 bp	145.6 bp −$146	doesn't fit	doesn't fit	doesn't fit

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	+0.0024%	1h	0.01814	long leg	$249	—	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.303%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01811	−0.177%	$362K	$227K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01813	−0.040%	$75K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01811	−0.189%	$2.4M	$4.4M	10x	as long as short
Bybit DYMUSDTshort	+0.0100%	4h	0.01809	−0.287%	$765K	$480K	25x
Gate DYM_USDT	+0.0100%	4h	0.01811	−0.177%	$146K	$89K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01810	−0.232%	$1.1M	$568K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01810	−0.232%	$391K	$151K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01816	+0.099%	—	$16.2M	—	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	0.01811	−0.192%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01811	−0.173%	$1K	$151K	5x	as long as short
KuCoin DYMUSDTM	+0.0314%	4h	0.01817	+0.154%	$422K	$126K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4119%	1h	0.01826	+0.627%	$14K	$4K	10x	as long as short