Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.036%

Price spread now: Gate against dYdX+0.234%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Gate

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—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.234% dearer against dYdX than usual: you sell high and buy low: +$23 more if the spread 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	dYdX DYM-USD	0.01816	0	get 0.0000% / 1h	25m 26s	$249	$5	5x
Short	Gate DYM_USDT	0.01820	0.0100	get 0.0050% / 4h	1h 25m	$142K	$170K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.234%Rate

Funding earned: $21
Price spread: +0.234% → 0.000%: $23.43
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $19.43
Costs to cover: 0.250%
Break-even: 0.5 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 50 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 Gate live order book, 50 min ago	13.71 bp	219.6 bp −$220	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	0.0000%	1h	0.01816	long leg	$249	$5	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.383%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01818	+0.124%	$363K	$257K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01817	+0.069%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01819	+0.195%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01817	+0.080%	$789K	$418K	25x	as long as short
Gate DYM_USDTshort	+0.0100%	4h	0.01820	+0.234%	$142K	$170K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01818	+0.124%	$1.1M	$680K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01818	+0.124%	$396K	$189K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01819	+0.179%	—	$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	0.01816	+0.002%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01818	+0.105%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1216%	4h	0.01817	+0.069%	$428K	$145K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1626%	1h	0.01827	+0.603%	$14K	$5K	10x	as long as short