Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.229%

Price spread now: KuCoin against dYdX+0.124%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 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 +$12 a day on $10k at the current rate, and KuCoin is 0.124% dearer against dYdX than usual: you sell high and buy low: +$12 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	dYdX DYM-USD	0.01849	0	get 0.0000% / 1h	8m 39s	$253	$5	5x
Short	KuCoin DYMUSDTM	0.01851	0.0398	get 0.0199% / 4h	3h 08m	$437K	$143K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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 dYdXbpFee KuCoinbpOrdersPrice spread, now +0.124%Rate

Funding earned: $83.58
Price spread: +0.124% → 0.000%: $12.42
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $74
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 43 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 43 min ago	21.72 bp	834.3 bp −$834	doesn't fit	doesn't fit	doesn't fit

dYdX: 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-USDlong	0.0000%	1h	0.01849	long leg	$253	$5	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.070%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01847	−0.092%	$369K	$247K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01848	−0.014%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01850	+0.086%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01847	−0.071%	$787K	$426K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01849	+0.016%	$1.2M	$656K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01849	+0.016%	$408K	$168K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01850	+0.070%	—	$24.7M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01847	−0.109%	$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	0.01848	−0.037%	$1K	$288K	5x	as long as short
Gate DYM_USDT	+0.0260%	4h	0.01849	+0.016%	$147K	$110K	25x	as long as short
KuCoin DYMUSDTMshort	+0.0398%	4h	0.01851	+0.124%	$437K	$143K	25x
Kraken Futures PF_DYMUSD	+0.2420%	1h	0.01852	+0.186%	$15K	$5K	10x	as long as short