DYM

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.020%

Price spread now: Injective against Hyperliquid−5.811%73s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.811% cheaper against Hyperliquid than usual: you would sell low and buy high (−$581 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid DYM	0.01824	0.0100	pay 0.0013% / 1h	36m 08s	$365K	$256K	3x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	36m 08s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hyperliquid. 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 HyperliquidbpFee InjectivebpOrdersPrice spread, now −5.811%Rate

Funding earned: −$14
Price spread: −5.811% → 0.000%: −$581.14
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$604.16
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 34 min ago; Injective: no order-book sample. 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 Hyperliquid live order book, 34 min ago	2.75 bp	39.4 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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-USD	0.0000%	1h	0.01821	−0.175%	$249	$5	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−5.811%	$237	$12K	5.5x
Hyperliquid DYMlong	+0.0100%	1h	0.01824	long leg	$365K	$256K	3x
Aster DYMUSDT	+0.0100%	4h	0.01824	−0.015%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01824	−0.014%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01822	−0.093%	$792K	$417K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01826	+0.110%	$143K	$170K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01824	0.000%	$1.1M	$679K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01824	0.000%	$397K	$189K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01825	+0.055%	—	$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	0.01822	−0.121%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01823	−0.041%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1248%	4h	0.01825	+0.055%	$429K	$145K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1628%	1h	0.01824	−0.002%	$14K	$5K	10x	as long as short