Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.4054%/8h= −443.9% APRpaid last 24h −0.700%

Price spread now: Binance against Kraken Futures−0.116%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 Binance

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 against this trade now: funding costs −$122 a day on $10k at the current rate, and Binance is 0.116% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 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	0.01810	0.4154	pay 0.0519% / 1h	21m 23s	$14K	$4K	10x
Short	Binance DYMUSDT	0.01808	0.0100	get 0.0050% / 4h	2h 21m	$2.4M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.116%Rate

Funding earned: −$851.39
Price spread: −0.116% → 0.000%: −$11.63
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$883.03
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 16 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 16 min ago	5.51 bp	38.6 bp −$39	150.2 bp −$1,502	doesn't fit	doesn't fit

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	+0.0024%	1h	0.01803	−0.383%	$247	—	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.088%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01807	−0.172%	$363K	$232K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01806	−0.227%	$74K	$7K	5x	as long as short
Binance DYMUSDTshort	+0.0100%	4h	0.01808	−0.116%	$2.4M	$4.4M	10x
Bybit DYMUSDT	+0.0100%	4h	0.01807	−0.166%	$764K	$486K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01810	−0.006%	$150K	$92K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01809	−0.061%	$1.1M	$571K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01807	−0.172%	$389K	$157K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01806	−0.227%	—	$16.2M	—	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	0.01802	−0.464%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01808	−0.143%	$1K	$151K	5x	as long as short
KuCoin DYMUSDTM	+0.0500%	4h	0.01809	−0.061%	$420K	$125K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.4154%	1h	0.01810	long leg	$14K	$4K	10x