Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.3392%/8h= −371.4% APRpaid last 24h −0.599%

Price spread now: Binance against Kraken Futures−0.235%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Binance

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 against this trade now: funding costs −$102 a day on $10k at the current rate, and Binance is 0.235% cheaper against Kraken Futures than usual: you would sell low and buy high (−$23 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	Kraken Futures PF_DYMUSD	0.01853	0.3492	pay 0.0437% / 1h	53m 01s	$15K	$5K	10x
Short	Binance DYMUSDT	0.01849	0.0100	get 0.0050% / 4h	1h 53m	$2.4M	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.235%Rate

Funding earned: −$712.34
Price spread: −0.235% → 0.000%: −$23.45
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$755.79
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 14 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	2.71 bp	36.0 bp −$36	166.3 bp −$1,663	doesn't fit	doesn't fit

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	0.01843	−0.527%	$253	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.280%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01846	−0.372%	$370K	$244K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01846	−0.364%	$76K	$5K	5x	as long as short
Binance DYMUSDTshort	+0.0100%	4h	0.01849	−0.235%	$2.4M	$4.5M	10x
Bybit DYMUSDT	+0.0100%	4h	0.01844	−0.496%	$786K	$439K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01842	−0.588%	$146K	$93K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01846	−0.372%	$1.2M	$580K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01847	−0.318%	$411K	$156K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01846	−0.372%	—	$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 DYM	+0.0100%	4h	0.01848	−0.281%	$10K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01848	−0.262%	$4K	$286K	5x	as long as short
KuCoin DYMUSDTM	+0.0538%	4h	0.01849	−0.210%	$432K	$145K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.3492%	1h	0.01853	long leg	$15K	$5K	10x