Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.2323%/8h= −254.3% APRpaid last 24h −0.548%

Price spread now: BingX against Kraken Futures−0.370%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 BingX

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 −$70 a day on $10k at the current rate, and BingX is 0.370% cheaper against Kraken Futures than usual: you would sell low and buy high (−$37 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	0.01850	0.2423	pay 0.0303% / 1h	14m 14s	$15K	$5K	10x
Short	BingX DYM-USDT	0.01843	0.0100	get 0.0050% / 4h	3h 14m	—	$24.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.370%Rate

Funding earned: −$487.77
Price spread: −0.370% → 0.000%: −$37.02
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$544.79
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 9 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 BingX live order book, 9 min ago	10.84 bp	26.2 bp −$26	82.3 bp −$823	702.0 bp −$70.2K	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	0.0000%	1h	0.01843	−0.387%	$252	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.128%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01844	−0.316%	$368K	$248K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01844	−0.327%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01846	−0.208%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01843	−0.370%	$786K	$423K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01846	−0.208%	$1.2M	$655K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01843	−0.370%	$406K	$169K	25x	as long as short
BingX DYM-USDTshort	+0.0100%	4h	0.01843	−0.370%	—	$24.7M	—
Variational Omni DYM	+0.0100%	4h	0.01839	−0.602%	$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	0.01846	−0.230%	$6K	$284K	5x	as long as short
KuCoin DYMUSDTM	+0.0420%	4h	0.01844	−0.316%	$436K	$143K	25x	as long as short
Gate DYM_USDT	+0.0436%	4h	0.01843	−0.370%	$147K	$110K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.2423%	1h	0.01850	long leg	$15K	$5K	10x