Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Bybit+0.054%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$350as in the Funding arb table

Net, price: spread back to 7d avg − costs−$344as in the Price arb table

costs, in and out, $10k−$3473.473% of the position

Long on Bybit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.054%, 7d avg +0.026%

Together, before fees−0.128%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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 0.028% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DYMUSDT	0.01843	0.0100	pay 0.0050% / 4h	3h 14m	$786K	$423K	25x
Short	Hyperliquid DYM	0.01844	0.0100	get 0.0013% / 1h	14m 21s	$368K	$248K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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 BybitbpFee HyperliquidbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.026%: $2.79
Slippage, 4 orders: −$327.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$344.49
Costs to cover: 3.473%
Break-even: never at this rate

Slippage from Bybit: live order book, 55 min ago; Hyperliquid: live order book, 35 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 Bybit live order book, 55 min ago	5.45 bp	150.2 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 35 min ago	2.71 bp	22.6 bp −$23	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	0.01843	−0.017%	$252	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.782%	$237	$12K	5.5x	as long as short
Hyperliquid DYMshort	+0.0100%	1h	0.01844	+0.054%	$368K	$248K	3x
Aster DYMUSDT	+0.0100%	4h	0.01844	+0.043%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01846	+0.163%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDTlong	+0.0100%	4h	0.01843	long leg	$786K	$423K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01845	+0.109%	$1.1M	$655K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01843	0.000%	$406K	$169K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01843	0.000%	—	$24.7M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01839	−0.233%	$9K	$5K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DYM-USD	+0.0104%	1h	0.01845	+0.124%	$6K	$284K	5x	as long as short
KuCoin DYMUSDTM	+0.0420%	4h	0.01844	+0.054%	$436K	$143K	25x	as long as short
Gate DYM_USDT	+0.0436%	4h	0.01843	0.000%	$147K	$110K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2424%	1h	0.01849	+0.321%	$15K	$5K	10x	as long as short