Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.2077%/8h= +227.5% APRpaid last 24h +0.508%

Price spread now: Kraken Futures against Bybit+0.417%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Kraken Futures

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 +$62 a day on $10k at the current rate, and Kraken Futures is 0.417% dearer against Bybit than usual: you sell high and buy low: +$42 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	Bybit DYMUSDT	0.01819	0.0100	pay 0.0050% / 4h	2h 30m	$780K	$414K	25x
Short	Kraken Futures PF_DYMUSD	0.01827	0.2177	get 0.0272% / 1h	30m 10s	$14K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.417%Rate

Funding earned: $436.26
Price spread: +0.417% → 0.000%: $41.72
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $456.98
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 54 min ago; Kraken Futures: 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 Bybit live order book, 54 min ago	5.48 bp	132.2 bp −$132	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	−0.081%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.573%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01820	+0.033%	$364K	$259K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01822	+0.119%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01821	+0.065%	$2.4M	$4.9M	10x	as long as short
Bybit DYMUSDTlong	+0.0100%	4h	0.01819	long leg	$780K	$414K	25x
Gate DYM_USDT	+0.0100%	4h	0.01825	+0.308%	$141K	$170K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01820	+0.033%	$1.2M	$699K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01820	+0.033%	$396K	$193K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01820	+0.033%	—	$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	0.01819	+0.001%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01820	+0.047%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1442%	4h	0.01821	+0.088%	$428K	$146K	25x	as long as short
Kraken Futures PF_DYMUSDshort	+0.2177%	1h	0.01827	+0.417%	$14K	$5K	10x