DYM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1044%/8h= −114.3% APRnext payment −$5.22 per $10,000 · paid last 24h −0.160%

Price spread now: BingX against KuCoin−0.055%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,797as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,740as in the Price arb table

costs, in and out, $10k−$1,74617.462% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.505%−$51 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.055%, 7d avg −0.113%

Together, before fees−0.451%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.058% dearer against KuCoin than usual: you sell high and buy low (spread −0.055% now, against its 7-day average of −0.113%): +$6 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.505% in total) that is about 19 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.505% in total (about -26.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYMUSDTM	0.01832	0.1144	pay 0.0572% / 4h	20m 15s	$431K	$144K	25x
Short	BingX DYM-USDT	0.01831	0.0100	get 0.0050% / 4h	20m 15s	—	$12.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$219.24
Price spread: −0.055% → −0.113%: $5.8
Slippage, 4 orders: −$1,724.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1,959.62
Costs to cover: 17.462%
Break-even: never at this rate

Slippage from KuCoin: live order book, 42 min ago; BingX: live order book, 3 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 KuCoin live order book, 42 min ago	24.54 bp	818.3 bp −$818	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	8.19 bp	34.8 bp −$35	92.9 bp −$929	678.3 bp −$67.8K	1004.4 bp −$502.2K

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	0.01831	−0.068%	$251	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.223%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01831	−0.055%	$366K	$254K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01834	+0.127%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01832	+0.002%	$2.4M	$4.7M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01830	−0.104%	$779K	$424K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01832	0.000%	$1.2M	$669K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01832	0.000%	$398K	$179K	25x	as long as short
BingX DYM-USDTshort	+0.0100%	4h	0.01831	−0.055%	—	$12.8M	—
Variational Omni DYM	+0.0100%	4h	0.01829	−0.150%	$9K	$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	0.01832	−0.003%	$4K	$263K	5x	as long as short
Gate DYM_USDT	+0.0318%	4h	0.01833	+0.055%	$146K	$169K	25x	as long as short
KuCoin DYMUSDTMlong	+0.1144%	4h	0.01832	long leg	$431K	$144K	25x
Kraken Futures PF_DYMUSD	+0.1948%	1h	0.01832	+0.022%	$14K	$5K	10x	as long as short