Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.2079%/8h= −227.7% APRpaid last 24h −0.501%

Price spread now: Gate against Kraken Futures−0.255%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 Gate

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 −$62 a day on $10k at the current rate, and Gate is 0.255% cheaper against Kraken Futures than usual: you would sell low and buy high (−$25 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	0.01826	0.2179	pay 0.0272% / 1h	45m 56s	$14K	$5K	10x
Short	Gate DYM_USDT	0.01821	0.0100	get 0.0050% / 4h	2h 45m	$137K	$166K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.255%Rate

Funding earned: −$436.6
Price spread: −0.255% → 0.000%: −$25.45
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$487.05
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 37 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 Gate live order book, 37 min ago	5.46 bp	278.7 bp −$279	doesn't fit	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	0.0000%	1h	0.01820	−0.282%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.896%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01825	−0.035%	$365K	$259K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01827	+0.074%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01826	+0.043%	$2.4M	$4.9M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01825	−0.035%	$778K	$401K	25x	as long as short
Gate DYM_USDTshort	+0.0100%	4h	0.01821	−0.255%	$137K	$166K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01825	−0.035%	$1.2M	$698K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01825	−0.035%	$397K	$193K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01825	−0.035%	—	$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	0.01816	−0.528%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01826	+0.010%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1450%	4h	0.01830	+0.238%	$431K	$146K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.2179%	1h	0.01826	long leg	$14K	$5K	10x