Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.055%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$790.795% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.055%, 7d avg −0.024%

Together, before fees+0.110%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.031% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DYM_USDT	0.01811	0.0100	pay 0.0050% / 4h	2h 00m	$1.1M	$705K	20x
Short	BingX DYM-USDT	0.01810	0.0100	get 0.0050% / 4h	2h 00m	—	$12.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.024%: −$3.1
Slippage, 4 orders: −$65.47
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.56
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 7 min ago.

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 MEXC live order book, 5 min ago	2.76 bp	15.3 bp −$15	85.7 bp −$857	224.5 bp −$22.5K	501.9 bp −$251.0K
Sell BingX live order book, 7 min ago	8.25 bp	23.7 bp −$24	80.6 bp −$806	664.7 bp −$66.5K	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	0.0000%	1h	0.01809	−0.089%	$248	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.135%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01810	−0.055%	$362K	$256K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01813	+0.085%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01812	+0.041%	$2.3M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01806	−0.271%	$785K	$419K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01812	+0.055%	$142K	$171K	25x	as long as short
MEXC DYM_USDTlong	+0.0100%	4h	0.01811	long leg	$1.1M	$705K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01811	0.000%	$394K	$189K	25x	as long as short
BingX DYM-USDTshort	+0.0100%	4h	0.01810	−0.055%	—	$12.6M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni DYM	+0.0100%	4h	0.01806	−0.281%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01812	+0.030%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1308%	4h	0.01813	+0.110%	$426K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2195%	1h	0.01813	+0.097%	$14K	$5K	10x	as long as short