Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Hyperliquid−0.212%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.212% cheaper against Hyperliquid than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid DYM	0.01847	0.0100	pay 0.0013% / 1h	8m 02s	$369K	$245K	3x
Short	Aster DYMUSDT	0.01843	0.0100	get 0.0050% / 4h	2h 08m	$76K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.212%Rate

Funding earned: $0
Price spread: −0.212% → 0.000%: −$21.15
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.15
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 32 min ago; Aster: 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 Hyperliquid live order book, 32 min ago	2.73 bp	42.2 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.984%	$237	$12K	5.5x	as long as short
dYdX DYM-USD	+0.0093%	1h	0.01840	−0.370%	$252	$5	5x	as long as short
Hyperliquid DYMlong	+0.0100%	1h	0.01847	long leg	$369K	$245K	3x
Aster DYMUSDTshort	+0.0100%	4h	0.01843	−0.212%	$76K	$5K	5x
Binance DYMUSDT	+0.0100%	4h	0.01849	+0.084%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01843	−0.206%	$787K	$440K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01845	−0.108%	$146K	$98K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01848	+0.054%	$1.2M	$610K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01846	−0.054%	$411K	$159K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01843	−0.217%	—	$24.7M	—	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	0.01842	−0.261%	$10K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01848	+0.062%	$4K	$286K	5x	as long as short
KuCoin DYMUSDTM	+0.0406%	4h	0.01846	−0.054%	$433K	$147K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.3381%	1h	0.01858	+0.581%	$15K	$5K	10x	as long as short