Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Binance−0.124%7-day average — · you buy dearer than you sell

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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 −$3 a day on $10k at the current rate, and dYdX is 0.124% cheaper against Binance than usual: you would sell low and buy high (−$12 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	Binance DYMUSDT	0.01848	0.0100	pay 0.0050% / 4h	3h 35m	$2.4M	$4.6M	10x
Short	dYdX DYM-USD	0.01846	0	get 0.0000% / 1h	35m 13s	$253	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$21
Price spread: −0.124% → 0.000%: −$12.42
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$53.42
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; dYdX: 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 Binance live order book, 2 min ago	2.70 bp	31.8 bp −$32	346.3 bp −$3,463	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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-USDshort	0.0000%	1h	0.01846	−0.124%	$253	$5	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.035%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01847	−0.054%	$370K	$250K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01847	−0.067%	$76K	$5K	5x	as long as short
Binance DYMUSDTlong	+0.0100%	4h	0.01848	long leg	$2.4M	$4.6M	10x
Bybit DYMUSDT	+0.0100%	4h	0.01845	−0.162%	$785K	$422K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01850	+0.108%	$147K	$110K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01848	0.000%	$1.2M	$654K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01847	−0.054%	$407K	$170K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01847	−0.054%	—	$12.8M	—	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	0.01845	−0.151%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01848	−0.025%	$1K	$284K	5x	as long as short
KuCoin DYMUSDTM	+0.0562%	4h	0.01847	−0.054%	$436K	$143K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2414%	1h	0.01856	+0.452%	$15K	$5K	10x	as long as short