Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.028%

Price spread now: dYdX against Variational Omni+0.082%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.082% dearer against Variational Omni than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DYM	0.01810	0.0100	pay 0.0050% / 4h	2h 13m	$9K	$5K	—
Short	dYdX DYM-USD	0.01812	0.0064	get 0.0008% / 1h	13m 35s	$248	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$7.61
Price spread: +0.082% → 0.000%: $8.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$9.38
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; dYdX: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Variational Omni and 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
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−5.093%	$237	$12K	5.5x	as long as short
dYdX DYM-USDshort	+0.0064%	1h	0.01812	+0.082%	$248	—	5x
Hyperliquid DYM	+0.0100%	1h	0.01817	+0.376%	$365K	$232K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01813	+0.138%	$75K	$7K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01817	+0.376%	$2.4M	$4.4M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01813	+0.177%	$766K	$486K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01813	+0.155%	$150K	$92K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01817	+0.376%	$1.1M	$572K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01813	+0.155%	$390K	$157K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01814	+0.210%	—	$16.1M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni DYMlong	+0.0100%	4h	0.01810	long leg	$9K	$5K	—
Extended DYM-USD	+0.0104%	1h	0.01817	+0.350%	$3K	$152K	5x	as long as short
KuCoin DYMUSDTM	+0.0546%	4h	0.01812	+0.099%	$420K	$125K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4123%	1h	0.01824	+0.742%	$14K	$4K	10x	as long as short