Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against BingX0.000%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1601.603% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.046%

Together, before fees−0.058%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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: Hyperliquid is 0.046% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DYM-USDT	0.01824	0.0100	pay 0.0050% / 4h	2h 44m	—	$12.6M	—
Short	Hyperliquid DYM	0.01824	0.0100	get 0.0013% / 1h	44m 45s	$365K	$259K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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 BingXbpFee HyperliquidbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.046%: $4.63
Slippage, 4 orders: −$141.31
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$155.68
Costs to cover: 1.603%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Hyperliquid: live order book, 39 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 BingX live order book, 8 min ago	8.25 bp	34.3 bp −$34	98.7 bp −$987	682.0 bp −$68.2K	doesn't fit
Sell Hyperliquid live order book, 39 min ago	2.73 bp	33.1 bp −$33	doesn't fit	doesn't fit	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	0.01820	−0.192%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.811%	$237	$12K	5.5x	as long as short
Hyperliquid DYMshort	+0.0100%	1h	0.01824	0.000%	$365K	$259K	3x
Aster DYMUSDT	+0.0100%	4h	0.01826	+0.129%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01825	+0.055%	$2.4M	$4.9M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01824	0.000%	$779K	$403K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01822	−0.110%	$137K	$166K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01824	0.000%	$1.2M	$698K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01824	0.000%	$397K	$193K	25x	as long as short
BingX DYM-USDTlong	+0.0100%	4h	0.01824	long leg	—	$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	0.01822	−0.109%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01825	+0.045%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1476%	4h	0.01830	+0.329%	$431K	$146K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2180%	1h	0.01825	+0.052%	$14K	$5K	10x	as long as short