Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Aster−6.578%57s7-day average — · you buy dearer than you sell

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 6.578% cheaper against Aster than usual: you would sell low and buy high (−$658 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DYMUSDT	0.01839	0.0100	pay 0.0050% / 4h	1h 38m	$76K	$5K	5x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	38m 20s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now −6.578%Rate

Funding earned: −$14
Price spread: −6.578% → 0.000%: −$657.78
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$679.8
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; 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 Aster no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Aster and 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	0.01836	−0.154%	$252	$5	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−6.578%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01835	−0.216%	$368K	$242K	3x	as long as short
Aster DYMUSDTlong	+0.0100%	4h	0.01839	long leg	$76K	$5K	5x
Binance DYMUSDT	+0.0100%	4h	0.01838	−0.068%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01833	−0.303%	$781K	$442K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01841	+0.111%	$146K	$94K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01837	−0.107%	$1.2M	$581K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01837	−0.107%	$409K	$155K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01837	−0.107%	—	$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	0.01836	−0.153%	$10K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01837	−0.096%	$2K	$288K	5x	as long as short
KuCoin DYMUSDTM	+0.0616%	4h	0.01839	+0.002%	$429K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.3516%	1h	0.01840	+0.069%	$14K	$5K	10x	as long as short