Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0505%/8h= −55.3% APRpaid last 24h −0.217%

Price spread now: Injective against KuCoin−7.085%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Injective

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 against this trade now: funding costs −$15 a day on $10k at the current rate, and Injective is 7.085% cheaper against KuCoin than usual: you would sell low and buy high (−$708 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYMUSDTM	0.01849	0.0538	pay 0.0269% / 4h	1h 52m	$432K	$145K	25x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	52m 57s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −7.085%Rate

Funding earned: −$105.98
Price spread: −7.085% → 0.000%: −$708.49
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$826.49
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 44 min ago; Injective: 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 KuCoin live order book, 44 min ago	24.53 bp	806.4 bp −$806	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.317%	$253	$5	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−7.085%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01846	−0.162%	$370K	$244K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01846	−0.154%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01849	−0.024%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01844	−0.287%	$786K	$439K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01842	−0.379%	$146K	$93K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01846	−0.162%	$1.2M	$580K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01847	−0.108%	$411K	$156K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01846	−0.162%	—	$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	−0.071%	$10K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01848	−0.052%	$4K	$286K	5x	as long as short
KuCoin DYMUSDTMlong	+0.0538%	4h	0.01849	long leg	$432K	$145K	25x
Kraken Futures PF_DYMUSD	+0.3492%	1h	0.01853	+0.211%	$15K	$5K	10x	as long as short