Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Binance−6.529%97s7-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 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 −$2 a day on $10k at the current rate, and Injective is 6.529% cheaper against Binance than usual: you would sell low and buy high (−$653 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 97 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	Binance DYMUSDT	0.01838	0.0100	pay 0.0050% / 4h	3h 51m	$2.4M	$4.5M	10x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	51m 37s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −6.529%Rate

Funding earned: −$14
Price spread: −6.529% → 0.000%: −$652.88
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$676.9
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago	2.71 bp	34.3 bp −$34	398.7 bp −$3,987	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	0.01837	−0.072%	$252	—	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−6.529%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01835	−0.163%	$369K	$245K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01838	−0.003%	$76K	$5K	5x	as long as short
Binance DYMUSDTlong	+0.0100%	4h	0.01838	long leg	$2.4M	$4.5M	10x
Bybit DYMUSDT	+0.0100%	4h	0.01834	−0.196%	$774K	$526K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01841	+0.163%	$189K	$120K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01838	0.000%	$1.3M	$553K	20x	as long as short
KuCoin DYMUSDTM	+0.0100%	4h	0.01838	0.000%	$421K	$111K	25x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01839	+0.054%	$461K	$212K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DYM-USDT	+0.0100%	4h	0.01838	0.000%	—	$18.9M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01837	−0.071%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01837	−0.034%	$1K	$367K	5x	as long as short
Kraken Futures PF_DYMUSD	+0.5480%	1h	0.01845	+0.393%	$15K	$4K	10x	as long as short