Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.2324%/8h= −254.5% APRpaid last 24h −0.548%

Price spread now: MEXC against Kraken Futures−0.529%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 MEXC

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 −$70 a day on $10k at the current rate, and MEXC is 0.529% cheaper against Kraken Futures than usual: you would sell low and buy high (−$53 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	0.01849	0.2424	pay 0.0303% / 1h	50m 56s	$15K	$5K	10x
Short	MEXC DYM_USDT	0.01839	0.0100	get 0.0050% / 4h	3h 50m	$1.1M	$653K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.529%Rate

Funding earned: −$488.06
Price spread: −0.529% → 0.000%: −$52.95
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$555.01
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	2.71 bp	17.2 bp −$17	63.1 bp −$631	184.3 bp −$18.4K	472.2 bp −$236.1K

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	0.01844	−0.274%	$253	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.074%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01841	−0.421%	$369K	$250K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01843	−0.288%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01840	−0.465%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01840	−0.502%	$783K	$423K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01841	−0.421%	$146K	$109K	25x	as long as short
MEXC DYM_USDTshort	+0.0100%	4h	0.01839	−0.529%	$1.1M	$653K	20x
Bitget DYMUSDT	+0.0100%	4h	0.01843	−0.313%	$400K	$168K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01839	−0.529%	—	$12.8M	—	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	0.01841	−0.437%	$9K	$5K	—	as long as short
Extended DYM-USD	+0.0104%	1h	0.01842	−0.380%	$3K	$266K	5x	as long as short
KuCoin DYMUSDTM	+0.0762%	4h	0.01843	−0.313%	$435K	$144K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.2424%	1h	0.01849	long leg	$15K	$5K	10x