Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Variational Omni against Injective+7.460%91s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 +$2 a day on $10k at the current rate, and Variational Omni is 7.460% dearer against Injective than usual: you sell high and buy low: +$746 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 91 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	Injective DYM/USDC PERP	0.01718	0.0033	pay 0.0004% / 1h	17m 49s	$237	$12K	5.5x
Short	Variational Omni DYM	0.01846	0.0100	get 0.0050% / 4h	1h 17m	$9K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. 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 InjectivebpFee Variational OmnibpOrdersPrice spread, now +7.460%Rate

Funding earned: $14
Price spread: +7.460% → 0.000%: $745.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $759.95
Costs to cover: 0.000%
Break-even: from the start

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

Injective 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 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
Injective DYM/USDC PERPlong	+0.0033%	1h	0.01718	long leg	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01851	+7.742%	$370K	$240K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01854	+7.888%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01853	+7.845%	$2.4M	$4.4M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01848	+7.573%	$787K	$449K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01851	+7.742%	$147K	$94K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01851	+7.742%	$1.2M	$582K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01852	+7.800%	$409K	$157K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01852	+7.800%	—	$24.7M	—	as long as short
Variational Omni DYMshort	+0.0100%	4h	0.01846	+7.460%	$9K	$5K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DYM-USD	+0.0104%	1h	0.01852	+7.809%	$3K	$293K	5x	as long as short
dYdX DYM-USD	+0.0126%	1h	0.01853	+7.866%	$254	$5	5x	as long as short
KuCoin DYMUSDTM	+0.0550%	4h	0.01853	+7.858%	$436K	$144K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.3482%	1h	0.01858	+8.160%	$15K	$5K	10x	as long as short