Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.027%

Price spread now: Bybit against dYdX−0.467%50s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. Bybit is 0.467% cheaper against dYdX than usual: you would sell low and buy high (spread −0.467% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 16 days of funding at the current rate (+$3 a day). The two prices were read 50 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	dYdX DYM-USD	0.01870	0	get 0.0000% / 1h	38m 49s	$256	—	5x
Short	Bybit DYMUSDT	0.01861	0.0100	get 0.0050% / 4h	38m 49s	$783K	$525K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. 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 dYdXbpFee BybitbpOrdersPrice spread, now −0.467%Rate

Funding earned: $21
Price spread: −0.467% → 0.000%: −$46.66
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.66
Costs to cover: 0.210%
Break-even: 22.6 days

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 61 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 61 min ago	5.47 bp	133.4 bp −$133	508.4 bp −$5,084	doesn't fit	doesn't fit

dYdX: 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-USDlong	0.0000%	1h	0.01870	long leg	$256	—	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−8.135%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01863	−0.381%	$376K	$244K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01864	−0.341%	$77K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01863	−0.381%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDTshort	+0.0100%	4h	0.01861	−0.467%	$783K	$525K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01862	−0.435%	$1.2M	$557K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01862	−0.435%	$463K	$201K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01864	−0.328%	—	$16.1M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01872	+0.081%	$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	0.01863	−0.404%	$3K	$369K	5x	as long as short
Gate DYM_USDT	+0.0248%	4h	0.01864	−0.328%	$174K	$112K	25x	as long as short
KuCoin DYMUSDTM	+0.0746%	4h	0.01860	−0.541%	$426K	$120K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4147%	1h	0.01873	+0.138%	$15K	$4K	10x	as long as short