DYM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1845%/8h= −202.1% APRnext payment −$2.31 per $10,000 · paid last 24h −0.544%

Price spread now: Hyperliquid against Kraken Futures−0.201%50s7-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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$55 a day on $10k at the current rate, and Hyperliquid is 0.201% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DYMUSD	0.01835	0.1945	pay 0.0243% / 1h	42m 30s	$14K	$5K	10x
Short	Hyperliquid DYM	0.01831	0.0100	get 0.0013% / 1h	42m 30s	$366K	$256K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.201%Rate

Funding earned: −$387.51
Price spread: −0.201% → 0.000%: −$20.08
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$426.58
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 17 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 Hyperliquid live order book, 17 min ago	2.73 bp	35.6 bp −$36	doesn't fit	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	0.01830	−0.241%	$251	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.360%	$237	$12K	5.5x	as long as short
Hyperliquid DYMshort	+0.0100%	1h	0.01831	−0.201%	$366K	$256K	3x
Aster DYMUSDT	+0.0100%	4h	0.01832	−0.165%	$76K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01830	−0.266%	$2.4M	$4.7M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01827	−0.419%	$778K	$425K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01829	−0.310%	$1.2M	$667K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01830	−0.255%	$398K	$180K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01831	−0.201%	—	$12.6M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01835	+0.005%	$9K	$5K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DYM-USD	+0.0104%	1h	0.01831	−0.183%	$4K	$263K	5x	as long as short
Gate DYM_USDT	+0.0496%	4h	0.01833	−0.092%	$146K	$169K	25x	as long as short
KuCoin DYMUSDTM	+0.1404%	4h	0.01830	−0.255%	$431K	$145K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.1945%	1h	0.01835	long leg	$14K	$5K	10x