DYM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0334%/8h= −36.6% APRnext payment −$1.67 per $10,000 · paid last 24h −0.197%

Price spread now: Bybit against KuCoin−0.315%7-day average −0.180% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,070as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,027as in the Price arb table

costs, in and out, $10k−$2,01320.134% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.568%−$57 on $10k

Price spread, last 4 days (all we have)+0.440%+$44 · spread now −0.315%, 7d avg −0.180%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.135% cheaper against KuCoin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.180%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DYMUSDTM	0.01843	0.0434	pay 0.0217% / 4h	1h 05m	$434K	$142K	25x
Short	Bybit DYMUSDT	0.01837	0.0100	get 0.0050% / 4h	1h 05m	$783K	$455K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.315%Rate

Funding earned: −$70.14
Price spread: −0.315% → −0.180%: −$13.51
Slippage, 4 orders: −$1,990.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2,097.03
Costs to cover: 20.134%
Break-even: never at this rate

Slippage from KuCoin: live order book, 17 min ago; Bybit: live order book, 54 min ago.

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 KuCoin live order book, 17 min ago	18.95 bp	845.8 bp −$846	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 54 min ago	2.72 bp	143.4 bp −$143	doesn't fit	doesn't fit	doesn't fit

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	−6.782%	$237	$12K	5.5x	as long as short
dYdX DYM-USD	+0.0096%	1h	0.01847	+0.198%	$253	$5	5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01842	−0.054%	$371K	$241K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01846	+0.141%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01843	0.000%	$2.4M	$4.5M	10x	as long as short
Bybit DYMUSDTshort	+0.0100%	4h	0.01837	−0.315%	$783K	$455K	25x
Gate DYM_USDT	+0.0100%	4h	0.01840	−0.163%	$146K	$96K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01841	−0.109%	$1.2M	$583K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01842	−0.054%	$407K	$159K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01840	−0.163%	—	$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	−0.209%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01842	−0.079%	$3K	$288K	5x	as long as short
KuCoin DYMUSDTMlong	+0.0434%	4h	0.01843	long leg	$434K	$142K	25x
Kraken Futures PF_DYMUSD	+0.3496%	1h	0.01851	+0.434%	$15K	$5K	10x	as long as short