Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1528%/8h= −167.3% APRpaid last 24h −0.530%

Price spread now: Variational Omni against Kraken Futures−0.186%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and Variational Omni is 0.186% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 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	0.01824	0.1628	pay 0.0204% / 1h	42m 29s	$14K	$5K	10x
Short	Variational Omni DYM	0.01821	0.0100	get 0.0050% / 4h	1h 42m	$9K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.186%Rate

Funding earned: −$320.91
Price spread: −0.186% → 0.000%: −$18.63
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$349.53
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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	0.01821	−0.187%	$249	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.823%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01823	−0.067%	$365K	$257K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01822	−0.099%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01823	−0.094%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01823	−0.067%	$792K	$417K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01820	−0.232%	$142K	$170K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01823	−0.067%	$1.1M	$678K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01823	−0.067%	$397K	$189K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01823	−0.067%	—	$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 DYMshort	+0.0100%	4h	0.01821	−0.186%	$9K	$5K	—
Extended DYM-USD	+0.0104%	1h	0.01823	−0.084%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1314%	4h	0.01826	+0.097%	$430K	$144K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.1628%	1h	0.01824	long leg	$14K	$5K	10x