Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Bitget−6.732%111s7-day average — · you buy dearer than you sell

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

Long on Bitget 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 6.732% cheaper against Bitget than usual: you would sell low and buy high (−$673 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 111 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	Bitget DYMUSDT	0.01842	0.0100	pay 0.0050% / 4h	1h 35m	$399K	$156K	25x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	35m 28s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now −6.732%Rate

Funding earned: −$14
Price spread: −6.732% → 0.000%: −$673.18
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$699.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 65 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 Bitget live order book, 65 min ago	5.53 bp	29.6 bp −$30	426.8 bp −$4,268	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	+0.0007%	1h	0.01833	−0.506%	$251	—	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−6.732%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01841	−0.054%	$370K	$234K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01837	−0.262%	$76K	$7K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01839	−0.139%	$2.4M	$4.4M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01839	−0.152%	$773K	$499K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01844	+0.109%	$155K	$93K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01839	−0.163%	$1.2M	$567K	20x	as long as short
Bitget DYMUSDTlong	+0.0100%	4h	0.01842	long leg	$399K	$156K	25x
BingX DYM-USDT	+0.0100%	4h	0.01838	−0.217%	—	$16.1M	—	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	−0.343%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01838	−0.217%	$3K	$147K	5x	as long as short
KuCoin DYMUSDTM	+0.1064%	4h	0.01843	+0.054%	$426K	$126K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4088%	1h	0.01849	+0.362%	$15K	$4K	10x	as long as short