Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.030%

Price spread now: Variational Omni against dYdX−0.133%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Variational Omni

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

Funding pays, the price is against you. Variational Omni is 0.133% cheaper against dYdX than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 23 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DYM-USD	0.01844	0.0081	pay 0.0010% / 1h	0m 41s	$253	$5	5x
Short	Variational Omni DYM	0.01842	0.0100	get 0.0050% / 4h	2h 00m	$10K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.133%Rate

Funding earned: $4.04
Price spread: −0.133% → 0.000%: −$13.3
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.26
Costs to cover: 0.100%
Break-even: 40.3 days

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

dYdX and Variational Omni: 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
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.840%	$237	$12K	5.5x	as long as short
dYdX DYM-USDlong	+0.0081%	1h	0.01844	long leg	$253	$5	5x
Hyperliquid DYM	+0.0100%	1h	0.01845	+0.047%	$369K	$245K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01846	+0.079%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01847	+0.135%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01842	−0.094%	$786K	$440K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01850	+0.318%	$146K	$98K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01846	+0.101%	$1.2M	$613K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01846	+0.101%	$411K	$158K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01845	+0.047%	—	$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 DYMshort	+0.0100%	4h	0.01842	−0.133%	$10K	$5K	—
Extended DYM-USD	+0.0104%	1h	0.01846	+0.083%	$4K	$286K	5x	as long as short
KuCoin DYMUSDTM	+0.0442%	4h	0.01845	+0.047%	$433K	$147K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.3402%	1h	0.01847	+0.137%	$15K	$5K	10x	as long as short