Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.3298%/8h= −361.2% APRpaid last 24h −0.432%

Price spread now: KuCoin against Kraken Futures−0.199%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 KuCoin

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 −$99 a day on $10k at the current rate, and KuCoin is 0.199% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DYMUSD	0.01851	0.3688	pay 0.0461% / 1h	35m 46s	$15K	$5K	10x
Short	KuCoin DYMUSDTM	0.01847	0.0390	get 0.0195% / 4h	35m 46s	$434K	$142K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.199%Rate

Funding earned: −$692.67
Price spread: −0.199% → 0.000%: −$19.91
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$734.59
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 47 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 KuCoin live order book, 47 min ago	18.95 bp	875.6 bp −$876	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	+0.0019%	1h	0.01841	−0.515%	$252	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.169%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01845	−0.307%	$371K	$235K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01844	−0.358%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01846	−0.255%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01841	−0.534%	$784K	$456K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01843	−0.415%	$146K	$90K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01845	−0.307%	$1.2M	$580K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01845	−0.307%	$408K	$153K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01845	−0.307%	—	$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	0.01839	−0.622%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01845	−0.280%	$2K	$289K	5x	as long as short
KuCoin DYMUSDTMshort	+0.0390%	4h	0.01847	−0.199%	$434K	$142K	25x
Kraken Futures PF_DYMUSDlong	+0.3688%	1h	0.01851	long leg	$15K	$5K	10x