Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2320%/8h= +254.0% APRpaid last 24h +0.548%

Price spread now: Kraken Futures against Bybit+0.226%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$70 a day on $10k at the current rate, and Kraken Futures is 0.226% dearer against Bybit than usual: you sell high and buy low: +$23 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	Bybit DYMUSDT	0.01848	0.0100	pay 0.0050% / 4h	3h 05m	$787K	$426K	25x
Short	Kraken Futures PF_DYMUSD	0.01852	0.2420	get 0.0302% / 1h	5m 12s	$15K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.226%Rate

Funding earned: $487.15
Price spread: +0.226% → 0.000%: $22.6
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $488.76
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 65 min ago; 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 Bybit live order book, 65 min ago	5.45 bp	150.2 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	0.01849	+0.044%	$253	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.030%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01849	+0.060%	$370K	$247K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01847	−0.048%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01849	+0.060%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDTlong	+0.0100%	4h	0.01848	long leg	$787K	$426K	25x
MEXC DYM_USDT	+0.0100%	4h	0.01849	+0.060%	$1.2M	$656K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01850	+0.114%	$408K	$164K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01848	+0.005%	—	$24.7M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01848	−0.013%	$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	0.01849	+0.033%	$1K	$288K	5x	as long as short
Gate DYM_USDT	+0.0152%	4h	0.01850	+0.114%	$147K	$111K	25x	as long as short
KuCoin DYMUSDTM	+0.0386%	4h	0.01848	+0.005%	$437K	$143K	25x	as long as short
Kraken Futures PF_DYMUSDshort	+0.2420%	1h	0.01852	+0.226%	$15K	$5K	10x