Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0353%/8h= −38.6% APRpaid last 24h −0.219%

Price spread now: Injective against KuCoin−7.035%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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—needs both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Injective is 7.035% cheaper against KuCoin than usual: you would sell low and buy high (−$703 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYMUSDTM	0.01848	0.0386	pay 0.0193% / 4h	3h 04m	$437K	$143K	25x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	4m 42s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −7.035%Rate

Funding earned: −$74.06
Price spread: −7.035% → 0.000%: −$703.46
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$789.54
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 47 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 KuCoin live order book, 47 min ago	21.72 bp	966.1 bp −$966	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	0.01849	+0.038%	$253	$5	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−7.035%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01850	+0.108%	$370K	$247K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01848	+0.022%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01852	+0.209%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01850	+0.097%	$788K	$426K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01850	+0.108%	$1.2M	$656K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01850	+0.108%	$408K	$164K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01849	+0.054%	—	$24.7M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01848	−0.018%	$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	0.01850	+0.083%	$1K	$288K	5x	as long as short
Gate DYM_USDT	+0.0152%	4h	0.01850	+0.108%	$147K	$111K	25x	as long as short
KuCoin DYMUSDTMlong	+0.0386%	4h	0.01848	long leg	$437K	$143K	25x
Kraken Futures PF_DYMUSD	+0.2420%	1h	0.01852	+0.221%	$15K	$5K	10x	as long as short