Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.4019%/8h= −440.0% APRpaid last 24h −0.666%

Price spread now: Bybit against Kraken Futures−0.391%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 Bybit

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 −$121 a day on $10k at the current rate, and Bybit is 0.391% cheaper against Kraken Futures than usual: you would sell low and buy high (−$39 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	0.01841	0.4119	pay 0.0515% / 1h	23m 05s	$15K	$4K	10x
Short	Bybit DYMUSDT	0.01834	0.0100	get 0.0050% / 4h	3h 23m	$775K	$473K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.391%Rate

Funding earned: −$843.89
Price spread: −0.391% → 0.000%: −$39.07
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$903.96
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Bybit: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bybit live order book, 27 min ago	5.45 bp	137.3 bp −$137	912.1 bp −$9,121	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	+0.0015%	1h	0.01836	−0.300%	$252	—	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.691%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01837	−0.228%	$369K	$227K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01837	−0.252%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01838	−0.173%	$2.4M	$4.4M	10x	as long as short
Bybit DYMUSDTshort	+0.0100%	4h	0.01834	−0.391%	$775K	$473K	25x
Gate DYM_USDT	+0.0100%	4h	0.01839	−0.119%	$148K	$89K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01837	−0.228%	$1.2M	$569K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01834	−0.391%	$401K	$153K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01835	−0.336%	—	$15.2M	—	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	0.01835	−0.355%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01836	−0.256%	$2K	$216K	5x	as long as short
KuCoin DYMUSDTM	+0.0192%	4h	0.01838	−0.173%	$430K	$136K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.4119%	1h	0.01841	long leg	$15K	$4K	10x