Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.2083%/8h= −228.1% APRpaid last 24h −0.508%

Price spread now: Aster against Kraken Futures−0.041%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$62 a day on $10k at the current rate, and Aster is 0.041% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DYMUSD	0.01822	0.2183	pay 0.0273% / 1h	51m 01s	$14K	$5K	10x
Short	Aster DYMUSDT	0.01821	0.0100	get 0.0050% / 4h	2h 51m	$75K	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$437.46
Price spread: −0.041% → 0.000%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$459.58
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Aster: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Kraken Futures and Aster: 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	0.01816	−0.341%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.719%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01818	−0.231%	$364K	$259K	3x	as long as short
Aster DYMUSDTshort	+0.0100%	4h	0.01821	−0.041%	$75K	$6K	5x
Binance DYMUSDT	+0.0100%	4h	0.01819	−0.176%	$2.4M	$4.9M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01817	−0.269%	$776K	$400K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01819	−0.176%	$137K	$165K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01819	−0.176%	$1.2M	$697K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01818	−0.231%	$396K	$193K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01819	−0.176%	—	$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	0.01814	−0.451%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01819	−0.186%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1372%	4h	0.01821	−0.066%	$429K	$146K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.2183%	1h	0.01822	long leg	$14K	$5K	10x