Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h +0.197%

Price spread now: KuCoin against Hyperliquid−0.108%7-day average +0.150% · you buy dearer than you sell

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

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.597%+$60 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.108%, 7d avg +0.150%

Together, before fees+0.704%+ Points / potential airdropHyperliquid: Season 2 · farm board+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.258% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.150%). If the spread goes back, that is −$26 on $10k: about 3.1 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid DYM	0.01856	0.0100	pay 0.0013% / 1h	23m 49s	$373K	$232K	3x
Short	KuCoin DYMUSDTM	0.01854	0.0378	get 0.0189% / 4h	23m 49s	$434K	$140K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.108%Rate

Funding earned: $58.38
Price spread: −0.108% → +0.150%: −$25.78
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $11.6
Costs to cover: 0.210%
Break-even: 5.6 days

Slippage unknown: Hyperliquid: live order book, 66 min ago; KuCoin: live order book, 59 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 Hyperliquid live order book, 66 min ago	2.70 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 59 min ago	18.95 bp	875.6 bp −$876	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	+0.0013%	1h	0.01850	−0.343%	$253	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.435%	$237	$12K	5.5x	as long as short
Hyperliquid DYMlong	+0.0100%	1h	0.01856	long leg	$373K	$232K	3x
Aster DYMUSDT	+0.0100%	4h	0.01855	−0.045%	$77K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01857	+0.061%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01853	−0.162%	$787K	$459K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01852	−0.216%	$147K	$90K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01856	0.000%	$1.2M	$581K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01855	−0.054%	$410K	$150K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01854	−0.108%	—	$24.7M	—	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	0.01847	−0.503%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01856	+0.019%	$2K	$289K	5x	as long as short
KuCoin DYMUSDTMshort	+0.0378%	4h	0.01854	−0.108%	$434K	$140K	25x
Kraken Futures PF_DYMUSD	+0.3664%	1h	0.01863	+0.383%	$15K	$4K	10x	as long as short