Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.197%

Price spread now: Hyperliquid against KuCoin+0.054%7-day average −0.150% · you sell dearer than you buy

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

Long on KuCoin Short on Hyperliquid

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)−0.054%−$5 · spread now +0.054%, 7d avg −0.150%

Together, before fees−0.651%+ Points / potential airdropHyperliquid: Season 2 · farm board−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.204% dearer against KuCoin than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.150%): +$20 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYMUSDTM	0.01855	0.0364	pay 0.0182% / 4h	21m 33s	$435K	$140K	25x
Short	Hyperliquid DYM	0.01856	0.0100	get 0.0013% / 1h	21m 33s	$373K	$232K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$55.44
Price spread: +0.054% → −0.150%: $20.4
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$56.04
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 61 min ago; Hyperliquid: live order book, 68 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 KuCoin live order book, 61 min ago	18.95 bp	845.8 bp −$846	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 68 min ago	2.70 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	+0.0012%	1h	0.01852	−0.181%	$254	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.385%	$237	$12K	5.5x	as long as short
Hyperliquid DYMshort	+0.0100%	1h	0.01856	+0.054%	$373K	$232K	3x
Aster DYMUSDT	+0.0100%	4h	0.01855	−0.014%	$77K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01856	+0.054%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01852	−0.146%	$787K	$461K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01854	−0.054%	$147K	$90K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01856	+0.054%	$1.2M	$581K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01855	0.000%	$410K	$150K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01854	−0.054%	—	$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	−0.450%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01857	+0.086%	$2K	$289K	5x	as long as short
KuCoin DYMUSDTMlong	+0.0364%	4h	0.01855	long leg	$435K	$140K	25x
Kraken Futures PF_DYMUSD	+0.3663%	1h	0.01864	+0.463%	$15K	$4K	10x	as long as short