DYM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0814%/8h= −89.1% APRnext payment −$4.07 per $10,000 · paid last 24h −0.160%

Price spread now: Bybit against KuCoin−0.076%7-day average −0.180% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,033as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,970as in the Price arb table

costs, in and out, $10k−$1,98019.804% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.530%−$53 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.076%, 7d avg −0.180%

Together, before fees−0.446%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.104% dearer against KuCoin than usual: you sell high and buy low (spread −0.076% now, against its 7-day average of −0.180%): +$10 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.530% in total) that is about 33 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.530% in total (about -27.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYMUSDTM	0.01841	0.0914	pay 0.0457% / 4h	2m 47s	$435K	$144K	25x
Short	Bybit DYMUSDT	0.01840	0.0100	get 0.0050% / 4h	2m 47s	$782K	$426K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$170.94
Price spread: −0.076% → −0.180%: $10.35
Slippage, 4 orders: −$1,957.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2,141.03
Costs to cover: 19.804%
Break-even: never at this rate

Slippage from KuCoin: live order book, 59 min ago; Bybit: live order book, 7 min ago.

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 KuCoin live order book, 59 min ago	24.54 bp	818.3 bp −$818	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 7 min ago	5.45 bp	150.9 bp −$151	1076.3 bp −$10.8K	doesn't fit	doesn't fit

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	0.01837	−0.231%	$252	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.681%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01842	+0.054%	$369K	$255K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01841	+0.002%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01843	+0.133%	$2.4M	$4.7M	10x	as long as short
Bybit DYMUSDTshort	+0.0100%	4h	0.01840	−0.076%	$782K	$426K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01843	+0.109%	$1.1M	$673K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01843	+0.109%	$401K	$175K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01842	+0.054%	—	$12.8M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01834	−0.394%	$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	0.01842	+0.078%	$4K	$263K	5x	as long as short
Gate DYM_USDT	+0.0294%	4h	0.01843	+0.109%	$147K	$169K	25x	as long as short
KuCoin DYMUSDTMlong	+0.0914%	4h	0.01841	long leg	$435K	$144K	25x
Kraken Futures PF_DYMUSD	+0.1935%	1h	0.01845	+0.207%	$15K	$5K	10x	as long as short