Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.3982%/8h= −436.1% APRpaid last 24h −0.723%

Price spread now: MEXC against Kraken Futures−0.379%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 MEXC

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 −$119 a day on $10k at the current rate, and MEXC is 0.379% cheaper against Kraken Futures than usual: you would sell low and buy high (−$38 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	0.01851	0.4082	pay 0.0510% / 1h	33m 25s	$15K	$4K	10x
Short	MEXC DYM_USDT	0.01844	0.0100	get 0.0050% / 4h	1h 33m	$1.2M	$567K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.379%Rate

Funding earned: −$836.3
Price spread: −0.379% → 0.000%: −$37.88
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$888.18
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	2.72 bp	12.8 bp −$13	87.8 bp −$878	194.0 bp −$19.4K	458.0 bp −$229.0K

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	+0.0007%	1h	0.01843	−0.423%	$253	—	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.186%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01843	−0.433%	$371K	$234K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01841	−0.536%	$76K	$7K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01842	−0.474%	$2.4M	$4.4M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01839	−0.633%	$773K	$500K	25x	as long as short
MEXC DYM_USDTshort	+0.0100%	4h	0.01844	−0.379%	$1.2M	$567K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01843	−0.433%	$399K	$158K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01841	−0.541%	—	$16.1M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01836	−0.828%	$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	0.01843	−0.459%	$3K	$147K	5x	as long as short
Gate DYM_USDT	+0.0134%	4h	0.01845	−0.325%	$155K	$93K	25x	as long as short
KuCoin DYMUSDTM	+0.1086%	4h	0.01849	−0.109%	$428K	$126K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.4082%	1h	0.01851	long leg	$15K	$4K	10x