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 −0.016%

Price spread now: BingX against Gate−0.109%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$736as in the Funding arb table

Net, price: spread back to 7d avg − costs−$762as in the Price arb table

costs, in and out, $10k−$7557.549% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.109%, 7d avg −0.033%

Together, before fees+0.357%+$36 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: BingX is 0.076% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DYM_USDT	0.01841	0.0100	pay 0.0050% / 4h	1h 39m	$146K	$94K	25x
Short	BingX DYM-USDT	0.01839	0.0100	get 0.0050% / 4h	1h 39m	—	$24.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → −0.033%: −$7.6
Slippage, 4 orders: −$729.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$762.48
Costs to cover: 7.549%
Break-even: never at this rate

Slippage from Gate: live order book, 16 min ago; BingX: live order book, 14 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 Gate live order book, 16 min ago	13.53 bp	276.0 bp −$276	49670.8 bp −$496.7K	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	8.12 bp	32.8 bp −$33	101.0 bp −$1,010	661.8 bp −$66.2K	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	0.01838	−0.156%	$252	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.681%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01838	−0.163%	$368K	$242K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01840	−0.066%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01839	−0.088%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01835	−0.326%	$782K	$442K	25x	as long as short
Gate DYM_USDTlong	+0.0100%	4h	0.01841	long leg	$146K	$94K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01839	−0.109%	$1.2M	$581K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01839	−0.109%	$409K	$156K	25x	as long as short
BingX DYM-USDTshort	+0.0100%	4h	0.01839	−0.109%	—	$24.7M	—

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	−0.264%	$10K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01839	−0.097%	$2K	$288K	5x	as long as short
KuCoin DYMUSDTM	+0.0616%	4h	0.01842	+0.054%	$430K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.3517%	1h	0.01840	−0.065%	$14K	$5K	10x	as long as short