Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.2496%/8hnext payment −$3.12 per $10,000 · paid last 24h −0.488%

Price spread now: Injective against Kraken Futures−6.202%63s7-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 Injective

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 −$75 a day on $10k at the current rate, and Injective is 6.202% cheaper against Kraken Futures than usual: you would sell low and buy high (−$620 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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	0.01832	0.2530	pay 0.0316% / 1h	5m 27s	$14K	$5K	10x
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	5m 27s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −6.202%Rate

Funding earned: −$524.2
Price spread: −6.202% → 0.000%: −$620.22
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,154.44
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—

Kraken Futures and Injective: 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	0.01826	−0.333%	$250	$5	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−6.202%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01825	−0.360%	$367K	$255K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01825	−0.384%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01827	−0.228%	$2.3M	$4.9M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01824	−0.415%	$779K	$387K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01830	−0.087%	$137K	$171K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01827	−0.251%	$1.2M	$732K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01826	−0.306%	$399K	$196K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01826	−0.306%	—	$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	0.01821	−0.579%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01829	−0.151%	$4K	$263K	5x	as long as short
KuCoin DYMUSDTM	+0.0838%	4h	0.01823	−0.470%	$429K	$145K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.2530%	1h	0.01832	long leg	$14K	$5K	10x