Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0491%/8h= +53.7% APRpaid last 24h +0.217%

Price spread now: KuCoin against Injective+7.625%100s7-day average — · you sell dearer than you buy

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and KuCoin is 7.625% dearer against Injective than usual: you sell high and buy low: +$763 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 100 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	Injective DYM/USDC PERP	0.01718	0.0033	pay 0.0004% / 1h	53m 30s	$237	$12K	5.5x
Short	KuCoin DYMUSDTM	0.01849	0.0524	get 0.0262% / 4h	1h 53m	$433K	$145K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now +7.625%Rate

Funding earned: $103.04
Price spread: +7.625% → 0.000%: $762.51
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $853.53
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 44 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 44 min ago	24.53 bp	800.1 bp −$800	doesn't fit	doesn't fit	doesn't fit

Injective: 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-USD	0.0000%	1h	0.01843	+7.284%	$253	$5	5x	as long as short
Injective DYM/USDC PERPlong	+0.0033%	1h	0.01718	long leg	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01843	+7.276%	$369K	$244K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01844	+7.362%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01844	+7.363%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01843	+7.276%	$786K	$440K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01842	+7.218%	$146K	$93K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01845	+7.392%	$1.2M	$580K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01845	+7.392%	$411K	$156K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01843	+7.276%	—	$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	0.01848	+7.549%	$10K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01844	+7.362%	$4K	$286K	5x	as long as short
KuCoin DYMUSDTMshort	+0.0524%	4h	0.01849	+7.625%	$433K	$145K	25x
Kraken Futures PF_DYMUSD	+0.3491%	1h	0.01854	+7.894%	$15K	$5K	10x	as long as short