Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1839%/8h= +201.4% APRpaid last 24h +0.544%

Price spread now: Kraken Futures against Variational Omni+0.377%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

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 for this trade now. Funding pays +$55 a day on $10k at the current rate, and Kraken Futures is 0.377% dearer against Variational Omni than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DYM	0.01834	0.0100	pay 0.0050% / 4h	6m 25s	$9K	$5K	—
Short	Kraken Futures PF_DYMUSD	0.01841	0.1939	get 0.0242% / 1h	6m 25s	$15K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.377%Rate

Funding earned: $386.18
Price spread: +0.377% → 0.000%: $37.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $413.86
Costs to cover: 0.100%
Break-even: from the start

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

Variational Omni and 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	0.0000%	1h	0.01834	+0.027%	$251	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.312%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01838	+0.232%	$368K	$254K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01837	+0.181%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01839	+0.259%	$2.4M	$4.7M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01835	+0.095%	$780K	$425K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01838	+0.232%	$1.1M	$673K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01838	+0.232%	$400K	$179K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01838	+0.232%	—	$12.8M	—	as long as short
Variational Omni DYMlong	+0.0100%	4h	0.01834	long leg	$9K	$5K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DYM-USD	+0.0104%	1h	0.01838	+0.211%	$4K	$263K	5x	as long as short
Gate DYM_USDT	+0.0294%	4h	0.01840	+0.341%	$147K	$169K	25x	as long as short
KuCoin DYMUSDTM	+0.0938%	4h	0.01836	+0.123%	$434K	$144K	25x	as long as short
Kraken Futures PF_DYMUSDshort	+0.1939%	1h	0.01841	+0.377%	$15K	$5K	10x