Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0592%/8h= −64.8% APRpaid last 24h −0.226%

Price spread now: dYdX against KuCoin−0.291%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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 −$18 a day on $10k at the current rate, and dYdX is 0.291% cheaper against KuCoin than usual: you would sell low and buy high (−$29 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	KuCoin DYMUSDTM	0.01846	0.0592	pay 0.0296% / 4h	1h 32m	$431K	$144K	25x
Short	dYdX DYM-USD	0.01841	0	get 0.0000% / 1h	32m 22s	$252	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.291%Rate

Funding earned: −$124.32
Price spread: −0.291% → 0.000%: −$29.08
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$175.4
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 65 min ago; dYdX: 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 KuCoin live order book, 65 min ago	24.53 bp	806.4 bp −$806	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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-USDshort	0.0000%	1h	0.01841	−0.291%	$252	$5	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.934%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01847	+0.054%	$371K	$244K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01847	+0.066%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01845	−0.054%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01844	−0.125%	$786K	$445K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01841	−0.271%	$146K	$94K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01846	0.000%	$1.2M	$581K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01846	0.000%	$407K	$157K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01847	+0.054%	—	$24.7M	—	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	0.01835	−0.588%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01844	−0.082%	$2K	$288K	5x	as long as short
KuCoin DYMUSDTMlong	+0.0592%	4h	0.01846	long leg	$431K	$144K	25x
Kraken Futures PF_DYMUSD	+0.3493%	1h	0.01852	+0.337%	$15K	$5K	10x	as long as short