Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1284%/8h= +140.6% APRpaid last 24h +0.231%

Price spread now: KuCoin against dYdX+0.497%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 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 +$39 a day on $10k at the current rate, and KuCoin is 0.497% dearer against dYdX than usual: you sell high and buy low: +$50 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	dYdX DYM-USD	0.01874	0.0004	pay 0.0000% / 1h	16m 15s	$257	—	5x
Short	KuCoin DYMUSDTM	0.01883	0.1288	get 0.0644% / 4h	1h 16m	$435K	$124K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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 dYdXbpFee KuCoinbpOrdersPrice spread, now +0.497%Rate

Funding earned: $269.65
Price spread: +0.497% → 0.000%: $49.73
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $297.38
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 27 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 27 min ago	32.61 bp	913.8 bp −$914	doesn't fit	doesn't fit	doesn't fit

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-USDlong	+0.0004%	1h	0.01874	long leg	$257	—	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−8.309%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01874	+0.017%	$381K	$240K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01876	+0.149%	$77K	$7K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01875	+0.048%	$2.5M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01870	−0.196%	$785K	$518K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01873	−0.036%	$159K	$99K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01874	+0.017%	$1.2M	$573K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01876	+0.124%	$411K	$164K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01873	−0.036%	—	$16.1M	—	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	0.01868	−0.321%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01874	+0.002%	$1K	$144K	5x	as long as short
KuCoin DYMUSDTMshort	+0.1288%	4h	0.01883	+0.497%	$435K	$124K	25x
Kraken Futures PF_DYMUSD	+0.4010%	1h	0.01885	+0.581%	$15K	$4K	10x	as long as short