Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1288%/8h= +141.0% APRpaid last 24h +0.190%

Price spread now: KuCoin against dYdX+0.312%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 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 for this trade now. Funding pays +$39 a day on $10k at the current rate, and KuCoin is 0.312% dearer against dYdX than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DYM-USD	0.01819	0	get 0.0000% / 1h	47m 31s	$249	$5	5x
Short	KuCoin DYMUSDTM	0.01825	0.1288	get 0.0644% / 4h	1h 47m	$429K	$144K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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 dYdXbpFee KuCoinbpOrdersPrice spread, now +0.312%Rate

Funding earned: $270.48
Price spread: +0.312% → 0.000%: $31.23
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $279.71
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 24 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 dYdX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 24 min ago	24.68 bp	931.9 bp −$932	doesn't fit	doesn't fit	doesn't fit

dYdX: 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-USDlong	0.0000%	1h	0.01819	long leg	$249	$5	5x
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.569%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01822	+0.147%	$365K	$257K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01823	+0.180%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01824	+0.257%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01823	+0.202%	$792K	$418K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01820	+0.037%	$142K	$170K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01824	+0.257%	$1.1M	$678K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01824	+0.257%	$397K	$189K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01824	+0.257%	—	$12.6M	—	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	0.01816	−0.191%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01823	+0.219%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTMshort	+0.1288%	4h	0.01825	+0.312%	$429K	$144K	25x
Kraken Futures PF_DYMUSD	+0.1629%	1h	0.01823	+0.229%	$14K	$5K	10x	as long as short