Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.3316%/8h= −363.1% APRpaid last 24h −0.497%

Price spread now: KuCoin against Kraken Futures−0.410%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 KuCoin

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 −$99 a day on $10k at the current rate, and KuCoin is 0.410% cheaper against Kraken Futures than usual: you would sell low and buy high (−$41 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	0.01849	0.4088	pay 0.0511% / 1h	58m 03s	$15K	$4K	10x
Short	KuCoin DYMUSDTM	0.01841	0.0772	get 0.0386% / 4h	1h 58m	$428K	$124K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.410%Rate

Funding earned: −$696.31
Price spread: −0.410% → 0.000%: −$41
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$759.31
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 60 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 KuCoin live order book, 60 min ago	16.46 bp	953.9 bp −$954	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	0.01836	−0.699%	$252	—	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.064%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01839	−0.518%	$371K	$234K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01837	−0.605%	$76K	$7K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01842	−0.356%	$2.4M	$4.4M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01840	−0.491%	$778K	$493K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01841	−0.410%	$153K	$89K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01841	−0.410%	$1.1M	$558K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01841	−0.410%	$397K	$161K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01840	−0.464%	—	$16.1M	—	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	0.01831	−0.969%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01841	−0.384%	$3K	$152K	5x	as long as short
KuCoin DYMUSDTMshort	+0.0772%	4h	0.01841	−0.410%	$428K	$124K	25x
Kraken Futures PF_DYMUSDlong	+0.4088%	1h	0.01849	long leg	$15K	$4K	10x