Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.5400%/8h= −591.3% APRpaid last 24h −0.787%

Price spread now: Binance against Kraken Futures−0.843%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 Binance

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 −$162 a day on $10k at the current rate, and Binance is 0.843% cheaper against Kraken Futures than usual: you would sell low and buy high (−$84 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	0.01838	0.5500	pay 0.0687% / 1h	33m 26s	$14K	$4K	10x
Short	Binance DYMUSDT	0.01823	0.0100	get 0.0050% / 4h	3h 33m	$2.4M	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.843%Rate

Funding earned: −$1,133.96
Price spread: −0.843% → 0.000%: −$84.33
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,238.29
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 4 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 Binance live order book, 4 min ago	2.73 bp	47.5 bp −$48	211.8 bp −$2,118	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	0.01827	−0.648%	$250	—	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.552%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01823	−0.841%	$366K	$243K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01825	−0.743%	$75K	$5K	5x	as long as short
Binance DYMUSDTshort	+0.0100%	4h	0.01823	−0.843%	$2.4M	$4.5M	10x
Bybit DYMUSDT	+0.0100%	4h	0.01821	−0.972%	$768K	$524K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01830	−0.460%	$188K	$120K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01823	−0.841%	$1.2M	$558K	20x	as long as short
KuCoin DYMUSDTM	+0.0100%	4h	0.01823	−0.841%	$417K	$109K	25x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01825	−0.732%	$462K	$213K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DYM-USDT	+0.0100%	4h	0.01822	−0.896%	—	$18.9M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01825	−0.749%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01823	−0.833%	$3K	$368K	5x	as long as short
Kraken Futures PF_DYMUSDlong	+0.5500%	1h	0.01838	long leg	$14K	$4K	10x