Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Variational Omni+0.259%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.259% dearer against Variational Omni than usual: you sell high and buy low, +$26 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DYM	0.01862	0.0100	pay 0.0050% / 4h	58m 47s	$10K	$5K	—
Short	Hyperliquid DYM	0.01867	0.0100	get 0.0013% / 1h	58m 47s	$377K	$245K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.259%Rate

Funding earned: $0
Price spread: +0.259% → 0.000%: $25.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $16.92
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 61 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 61 min ago	2.73 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	+0.0003%	1h	0.01866	+0.185%	$256	—	5x	as long as short
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−7.742%	$237	$12K	5.5x	as long as short
Hyperliquid DYMshort	+0.0100%	1h	0.01867	+0.259%	$377K	$245K	3x
Aster DYMUSDT	+0.0100%	4h	0.01868	+0.308%	$77K	$7K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01868	+0.313%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01867	+0.259%	$786K	$525K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01867	+0.259%	$1.2M	$554K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01867	+0.259%	$453K	$194K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01867	+0.259%	—	$16.1M	—	as long as short
Variational Omni DYMlong	+0.0100%	4h	0.01862	long leg	$10K	$5K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DYM-USD	+0.0104%	1h	0.01867	+0.276%	$1K	$144K	5x	as long as short
Gate DYM_USDT	+0.0170%	4h	0.01875	+0.689%	$174K	$110K	25x	as long as short
KuCoin DYMUSDTM	+0.1194%	4h	0.01866	+0.205%	$423K	$126K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.4146%	1h	0.01873	+0.595%	$15K	$4K	10x	as long as short