Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.027%

Price spread now: Variational Omni against dYdX+0.109%53s7-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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.109% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DYM-USD	0.01816	0.0011	pay 0.0001% / 1h	31m 40s	$249	—	5x
Short	Variational Omni DYM	0.01818	0.0100	get 0.0050% / 4h	1h 31m	$9K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.109%Rate

Funding earned: $18.67
Price spread: +0.109% → 0.000%: $10.86
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $19.53
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Variational Omni: 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 dYdX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

dYdX and Variational Omni: 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 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-USDlong	+0.0011%	1h	0.01816	long leg	$249	—	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.374%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01814	−0.086%	$361K	$193K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01816	+0.014%	$75K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01816	+0.021%	$2.4M	$3.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01813	−0.141%	$772K	$496K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01819	+0.189%	$197K	$123K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01815	−0.031%	$1.3M	$448K	20x	as long as short
KuCoin DYMUSDTM	+0.0100%	4h	0.01814	−0.086%	$410K	$81K	25x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01816	+0.024%	$518K	$280K	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	0.01814	−0.086%	—	$19.0M	—	as long as short
Variational Omni DYMshort	+0.0100%	4h	0.01818	+0.109%	$9K	$5K	—
Extended DYM-USD	+0.0104%	1h	0.01815	−0.034%	$6K	$367K	5x	as long as short
Kraken Futures PF_DYMUSD	+0.4073%	1h	0.01818	+0.145%	$14K	$28	10x	as long as short