Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: Hyperliquid against Gate+0.109%7-day average −0.071% · you sell dearer than you buy

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

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.109%, 7d avg −0.071%

Together, before fees+0.148%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 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: Hyperliquid is 0.180% dearer against Gate than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DYM_USDT	0.01840	0.0100	pay 0.0050% / 4h	2m 28s	$146K	$90K	25x
Short	Hyperliquid DYM	0.01842	0.0100	get 0.0013% / 1h	2m 28s	$370K	$232K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → −0.071%: $17.96
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$6.04
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 48 min ago; Hyperliquid: live order book, 17 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 Gate live order book, 48 min ago	13.60 bp	434.6 bp −$435	54109.1 bp −$541.1K	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 17 min ago	5.39 bp	doesn't fit	doesn't fit	doesn't fit	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	+0.0008%	1h	0.01840	+0.009%	$252	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.630%	$237	$12K	5.5x	as long as short
Hyperliquid DYMshort	+0.0100%	1h	0.01842	+0.109%	$370K	$232K	3x
Aster DYMUSDT	+0.0100%	4h	0.01842	+0.109%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01841	+0.065%	$2.4M	$4.4M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01837	−0.163%	$779K	$474K	25x	as long as short
Gate DYM_USDTlong	+0.0100%	4h	0.01840	long leg	$146K	$90K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01841	+0.054%	$1.2M	$582K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01841	+0.054%	$405K	$149K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01839	−0.054%	—	$14.1M	—	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	0.01835	−0.262%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01841	+0.036%	$1K	$288K	5x	as long as short
KuCoin DYMUSDTM	+0.0254%	4h	0.01842	+0.109%	$431K	$140K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.3686%	1h	0.01852	+0.650%	$15K	$4K	10x	as long as short