Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.169%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$320as in the Funding arb table

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

costs, in and out, $10k−$3183.178% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.169%, 7d avg +0.097%

Together, before fees−0.171%−$17 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: MEXC is 0.072% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DYMUSDT	0.01836	0.0100	pay 0.0050% / 4h	2h 45m	$781K	$431K	25x
Short	MEXC DYM_USDT	0.01839	0.0100	get 0.0050% / 4h	2h 45m	$1.1M	$597K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.097%: $7.23
Slippage, 4 orders: −$302.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$310.62
Costs to cover: 3.178%
Break-even: never at this rate

Slippage from Bybit: live order book, 20 min ago; MEXC: live order book, 6 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, 20 min ago	5.41 bp	143.9 bp −$144	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	2.72 bp	11.1 bp −$11	71.6 bp −$716	208.9 bp −$20.9K	493.4 bp −$246.7K

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
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.422%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01836	+0.005%	$367K	$247K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01836	+0.031%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01838	+0.114%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDTlong	+0.0100%	4h	0.01836	long leg	$781K	$431K	25x
Gate DYM_USDT	+0.0100%	4h	0.01840	+0.223%	$146K	$97K	25x	as long as short
MEXC DYM_USDTshort	+0.0100%	4h	0.01839	+0.169%	$1.1M	$597K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01838	+0.114%	$405K	$163K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01835	−0.049%	—	$24.7M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01829	−0.391%	$10K	$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	0.01835	−0.072%	$6K	$293K	5x	as long as short
dYdX DYM-USD	+0.0202%	1h	0.01829	−0.392%	$251	$5	5x	as long as short
KuCoin DYMUSDTM	+0.0306%	4h	0.01835	−0.049%	$432K	$148K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.3406%	1h	0.01845	+0.472%	$15K	$5K	10x	as long as short