Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.3397%/8h= −372.0% APRpaid last 24h −0.599%

Price spread now: BingX against Kraken Futures−0.489%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 BingX

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 BingX is 0.489% cheaper against Kraken Futures than usual: you would sell low and buy high (−$49 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	0.01850	0.3497	pay 0.0437% / 1h	4m 38s	$15K	$5K	10x
Short	BingX DYM-USDT	0.01841	0.0100	get 0.0050% / 4h	1h 04m	—	$24.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.489%Rate

Funding earned: −$713.47
Price spread: −0.489% → 0.000%: −$48.9
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$782.37
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 4 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 BingX live order book, 4 min ago	8.11 bp	35.4 bp −$35	114.4 bp −$1,144	674.7 bp −$67.5K	942.6 bp −$471.3K

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
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.138%	$237	$12K	5.5x	as long as short
dYdX DYM-USD	+0.0094%	1h	0.01842	−0.455%	$252	$5	5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01841	−0.489%	$370K	$241K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01843	−0.360%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01843	−0.381%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01838	−0.662%	$783K	$455K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01840	−0.543%	$146K	$96K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01842	−0.435%	$1.2M	$583K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01842	−0.435%	$407K	$159K	25x	as long as short
BingX DYM-USDTshort	+0.0100%	4h	0.01841	−0.489%	—	$24.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni DYM	+0.0100%	4h	0.01839	−0.590%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01842	−0.427%	$3K	$288K	5x	as long as short
KuCoin DYMUSDTM	+0.0414%	4h	0.01843	−0.381%	$434K	$142K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.3497%	1h	0.01850	long leg	$15K	$5K	10x