Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.028%

Price spread now: MEXC against dYdX+0.209%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 MEXC

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.209% dearer against dYdX than usual: you sell high and buy low: +$21 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	0.01825	0.0041	pay 0.0005% / 1h	48m 28s	$250	—	5x
Short	MEXC DYM_USDT	0.01829	0.0100	get 0.0050% / 4h	2h 48m	$1.1M	$565K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.209%Rate

Funding earned: $12.45
Price spread: +0.209% → 0.000%: $20.88
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $19.32
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	5.47 bp	17.1 bp −$17	82.1 bp −$821	202.0 bp −$20.2K	474.7 bp −$237.3K

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
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.873%	$237	$12K	5.5x	as long as short
dYdX DYM-USDlong	+0.0041%	1h	0.01825	long leg	$250	—	5x
Hyperliquid DYM	+0.0100%	1h	0.01828	+0.154%	$367K	$226K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01828	+0.154%	$75K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01829	+0.223%	$2.4M	$4.3M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01827	+0.099%	$773K	$477K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01828	+0.154%	$147K	$88K	25x	as long as short
MEXC DYM_USDTshort	+0.0100%	4h	0.01829	+0.209%	$1.1M	$565K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01828	+0.154%	$396K	$153K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01830	+0.264%	—	$16.1M	—	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	0.01824	−0.083%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01828	+0.132%	$3K	$151K	5x	as long as short
KuCoin DYMUSDTM	+0.0176%	4h	0.01829	+0.209%	$424K	$126K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4105%	1h	0.01832	+0.369%	$14K	$4K	10x	as long as short