DYM Funding Rate — live across 8 venues

Compared across 8 supported venues · net of estimated fees · updated every few minutes

Live annualized DYM perpetual funding across all 8 venues Perpia tracks. Right now DYM funding is positive on 7 and negative on 1, ranging from +10.9% on MEXC to -45.6% on KuCoin — a spread of 56.5%. The widest delta-neutral trade is long KuCoin / short MEXC at 50.8% net APR.

venues

paying positive

56.5%

funding spread

Best DYM spread now

50.8%

net APR after fees

Long KuCoin→Short MEXC

size depends on live venue depth — see the real cap in the scanner

DYM funding trend & liquidity

169h of history

56.5%

current gross APR

18.5%

24h average

8.7%

7-day average

$183K

pair OI · lower leg

$21K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

DYM funding rate history

30d · 6h buckets · 11 venues

52.4%0-94.2%

3 Aug2 Sep

DYM — average across 11 venuesAsterExtendedHyperliquidBinance

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +9.0%. A break in a line means no data was recorded for that stretch, not a zero rate.

DYM funding rate by venue

7 pairs scanned

Venue	Funding APR	Interval
MEXC ↗	+10.9%	4h
Binance ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
Aster ↗	+10.9%	1h
Hyperliquid ↗	+10.9%	1h
BingX ↗	+10.9%	4h
KuCoin ↗	-45.6%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the KuCoin vs MEXC page.

DYM arbitrage — 30-day backtest

long KuCoin · short MEXC

6.7%

backtested APR

+$55

historical net P&L on $10,000

0.11%

max drawdown

$10,000$10,055

30 days agostarting capital $10,000today

Over the last 30 days, holding long KuCoin / short MEXC would have produced 6.7% APR — versus the 50.8% the live spread implies right now (equity $10,000 → $10,055). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading DYM backtest…

DYM funding — FAQ

Is DYM funding positive right now?

DYM perpetual funding is positive on 7 of 8 venues Perpia tracks and negative on 1. The highest is +10.9% on MEXC; the lowest is -45.6% on KuCoin.

What is the best DYM funding arbitrage right now?

Go long KuCoin and short MEXC for about 50.8% net APR after fees — the widest delta-neutral DYM spread Perpia currently sees.

Which exchange has the highest DYM funding rate?

MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How DYM funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to DYM

Markets also quoted on both KuCoin and MEXC — the same two exchanges you would already have funded for the DYM trade.

See every spread between them on the KuCoin vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this