Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.135%

Price spread now: Hyperliquid against KuCoin+0.110%7-day average −0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,761as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,672as in the Price arb table

costs, in and out, $10k−$1,69716.974% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.635%−$64 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.110%, 7d avg −0.142%

Together, before fees−0.787%+ Points / potential airdropHyperliquid: Season 2 · farm board−$79 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: Hyperliquid is 0.252% dearer against KuCoin than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYMUSDTM	0.01817	0.0100	pay 0.0050% / 4h	50m 23s	$410K	$73K	25x
Short	Hyperliquid DYM	0.01819	0.0100	get 0.0013% / 1h	50m 23s	$364K	$186K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → −0.142%: $25.18
Slippage, 4 orders: −$1,676.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$1,672.19
Costs to cover: 16.974%
Break-even: never at this rate

Slippage from KuCoin: live order book, 44 min ago; Hyperliquid: live order book, 42 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, 44 min ago	16.58 bp	834.6 bp −$835	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 42 min ago	2.76 bp	51.8 bp −$52	doesn't fit	doesn't fit	doesn't fit

DYM on 14 exchanges

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	+0.056%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.449%	$237	$12K	5.5x	as long as short
Hyperliquid DYMshort	+0.0100%	1h	0.01819	+0.110%	$364K	$186K	3x
Aster DYMUSDT	+0.0100%	4h	0.01818	+0.063%	$75K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01818	+0.047%	$2.4M	$3.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01813	−0.209%	$773K	$496K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01820	+0.165%	$195K	$120K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01818	+0.055%	$1.3M	$388K	20x	as long as short
KuCoin DYMUSDTMlong	+0.0100%	4h	0.01817	long leg	$410K	$73K	25x
Bitget DYMUSDT	+0.0100%	4h	0.01818	+0.055%	$531K	$282K	25x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DYM-USDT	+0.0100%	4h	0.01818	+0.055%	—	$19.0M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01811	−0.329%	$9K	$2K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01815	−0.089%	$1K	$369K	5x	as long as short
Kraken Futures PF_DYMUSD	+0.3444%	1h	0.01819	+0.138%	$14K	$28	10x	as long as short