Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: BingX against Gate−0.329%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$487as in the Funding arb table

Net, price: spread back to 7d avg − costs−$539as in the Price arb table

costs, in and out, $10k−$5095.085% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.213%+$21 on $10k

Price spread, last 4 days (all we have)+0.412%+$41 · spread now −0.329%, 7d avg −0.028%

Together, before fees+0.625%+$62 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.301% cheaper against Gate than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DYM_USDT	0.01825	0.0100	pay 0.0050% / 4h	1h 32m	$143K	$170K	25x
Short	BingX DYM-USDT	0.01819	0.0100	get 0.0050% / 4h	1h 32m	—	$12.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.329%Rate

Funding earned: $0
Price spread: −0.329% → −0.028%: −$30.12
Slippage, 4 orders: −$483.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$538.66
Costs to cover: 5.085%
Break-even: never at this rate

Slippage from Gate: live order book, 44 min ago; BingX: live order book, 6 min ago.

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 Gate live order book, 44 min ago	13.71 bp	215.5 bp −$215	52727.0 bp −$527.3K	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	8.22 bp	40.3 bp −$40	103.2 bp −$1,032	700.0 bp −$70.0K	doesn't fit

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	0.01818	−0.397%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.863%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01818	−0.384%	$364K	$256K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01819	−0.320%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01819	−0.337%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01818	−0.411%	$790K	$417K	25x	as long as short
Gate DYM_USDTlong	+0.0100%	4h	0.01825	long leg	$143K	$170K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01818	−0.384%	$1.1M	$680K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01819	−0.329%	$396K	$189K	25x	as long as short
BingX DYM-USDTshort	+0.0100%	4h	0.01819	−0.329%	—	$12.6M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni DYM	+0.0100%	4h	0.01823	−0.121%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01819	−0.351%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1226%	4h	0.01819	−0.329%	$428K	$145K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1631%	1h	0.01821	−0.220%	$14K	$5K	10x	as long as short