Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.2313%/8h= −253.3% APRpaid last 24h −0.548%

Price spread now: Variational Omni against Kraken Futures−0.646%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$69 a day on $10k at the current rate, and Variational Omni is 0.646% cheaper against Kraken Futures than usual: you would sell low and buy high (−$65 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	0.01857	0.2413	pay 0.0302% / 1h	33m 20s	$15K	$5K	10x
Short	Variational Omni DYM	0.01845	0.0100	get 0.0050% / 4h	3h 33m	$9K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.646%Rate

Funding earned: −$485.75
Price spread: −0.646% → 0.000%: −$64.61
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$560.36
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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	0.01846	−0.620%	$253	$5	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.496%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01848	−0.496%	$370K	$250K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01847	−0.558%	$76K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01849	−0.442%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01846	−0.609%	$785K	$422K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01850	−0.388%	$147K	$110K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01849	−0.442%	$1.2M	$654K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01848	−0.496%	$408K	$170K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01848	−0.496%	—	$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 DYMshort	+0.0100%	4h	0.01845	−0.646%	$9K	$5K	—
Extended DYM-USD	+0.0104%	1h	0.01849	−0.465%	$2K	$300K	5x	as long as short
KuCoin DYMUSDTM	+0.0556%	4h	0.01847	−0.550%	$436K	$143K	25x	as long as short
Kraken Futures PF_DYMUSDlong	+0.2413%	1h	0.01857	long leg	$15K	$5K	10x