Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: MEXC against Injective+6.112%7-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 MEXC

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 +$2 a day on $10k at the current rate, and MEXC is 6.112% dearer against Injective than usual: you sell high and buy low: +$611 more if the spread 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	Injective DYM/USDC PERP	0.01718	0.0033	pay 0.0004% / 1h	16m 57s	$237	$12K	5.5x
Short	MEXC DYM_USDT	0.01823	0.0100	get 0.0050% / 4h	1h 16m	$1.1M	$681K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +6.112%Rate

Funding earned: $14
Price spread: +6.112% → 0.000%: $611.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: $621.16
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	2.75 bp	12.6 bp −$13	67.3 bp −$673	187.8 bp −$18.8K	427.1 bp −$213.6K

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	0.01818	+5.807%	$249	$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	0.01822	+6.054%	$364K	$256K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01825	+6.207%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01823	+6.112%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01820	+5.955%	$790K	$418K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01823	+6.112%	$145K	$172K	25x	as long as short
MEXC DYM_USDTshort	+0.0100%	4h	0.01823	+6.112%	$1.1M	$681K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01823	+6.112%	$397K	$189K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01821	+5.995%	—	$12.6M	—	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	0.01818	+5.807%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01823	+6.092%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1246%	4h	0.01820	+5.937%	$429K	$145K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1623%	1h	0.01830	+6.538%	$14K	$5K	10x	as long as short