Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Variational Omni−0.141%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on dYdX

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 −$3 a day on $10k at the current rate, and dYdX is 0.141% cheaper against Variational Omni than usual: you would sell low and buy high (−$14 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	Variational Omni DYM	0.01821	0.0100	pay 0.0050% / 4h	2h 38m	$9K	$5K	—
Short	dYdX DYM-USD	0.01818	0	get 0.0000% / 1h	38m 23s	$249	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$21
Price spread: −0.141% → 0.000%: −$14.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$45.08
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Variational Omni and 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	0.01818	−0.141%	$249	$5	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.631%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01824	+0.192%	$365K	$258K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01825	+0.268%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01823	+0.120%	$2.4M	$4.9M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01822	+0.060%	$781K	$414K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01823	+0.137%	$141K	$170K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01822	+0.082%	$1.2M	$698K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01820	−0.028%	$396K	$193K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01823	+0.137%	—	$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 DYMlong	+0.0100%	4h	0.01821	long leg	$9K	$5K	—
Extended DYM-USD	+0.0104%	1h	0.01822	+0.107%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.1528%	4h	0.01823	+0.137%	$429K	$146K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.2182%	1h	0.01823	+0.144%	$14K	$5K	10x	as long as short