Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Binance against Injective+8.057%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 8.057% dearer against Injective than usual: you sell high and buy low: +$806 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	Injective DYM/USDC PERP	0.01718	0.0033	pay 0.0004% / 1h	30m 46s	$237	$12K	5.5x
Short	Binance DYMUSDT	0.01856	0.0100	get 0.0050% / 4h	1h 30m	$2.4M	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +8.057%Rate

Funding earned: $14
Price spread: +8.057% → 0.000%: $805.67
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $809.65
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 6 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	5.43 bp	42.0 bp −$42	188.6 bp −$1,886	doesn't fit	doesn't fit

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	+0.0006%	1h	0.01855	+7.953%	$254	—	5x	as long as short
Injective DYM/USDC PERPlong	+0.0033%	1h	0.01718	long leg	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01854	+7.916%	$374K	$235K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01855	+7.957%	$77K	$7K	5x	as long as short
Binance DYMUSDTshort	+0.0100%	4h	0.01856	+8.057%	$2.4M	$4.5M	10x
Bybit DYMUSDT	+0.0100%	4h	0.01852	+7.800%	$777K	$504K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01856	+8.033%	$1.2M	$569K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01855	+7.974%	$401K	$158K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01855	+7.974%	—	$16.1M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01851	+7.752%	$9K	$5K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DYM-USD	+0.0104%	1h	0.01856	+8.026%	$3K	$147K	5x	as long as short
Gate DYM_USDT	+0.0136%	4h	0.01860	+8.265%	$155K	$96K	25x	as long as short
KuCoin DYMUSDTM	+0.1126%	4h	0.01863	+8.440%	$431K	$126K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4054%	1h	0.01864	+8.499%	$15K	$4K	10x	as long as short