Funding arb · Price arb /

DYM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Variational Omni−6.082%76s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

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 −$2 a day on $10k at the current rate, and Injective is 6.082% cheaper against Variational Omni than usual: you would sell low and buy high (−$608 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 76 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	Variational Omni DYM	0.01829	0.0100	pay 0.0050% / 4h	52m 00s	$9K	$5K	—
Short	Injective DYM/USDC PERP	0.01718	0.0033	get 0.0004% / 1h	52m 00s	$237	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −6.082%Rate

Funding earned: −$14
Price spread: −6.082% → 0.000%: −$608.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$622.21
Costs to cover: 0.000%
Break-even: never at this rate

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

Variational Omni 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	0.01832	+0.135%	$251	$5	5x	as long as short
Injective DYM/USDC PERPshort	+0.0033%	1h	0.01718	−6.082%	$237	$12K	5.5x
Hyperliquid DYM	+0.0100%	1h	0.01833	+0.205%	$366K	$255K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01831	+0.092%	$75K	$6K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01834	+0.243%	$2.4M	$4.8M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01831	+0.096%	$780K	$425K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01833	+0.205%	$1.1M	$664K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01832	+0.150%	$398K	$181K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01831	+0.096%	—	$12.6M	—	as long as short
Variational Omni DYMlong	+0.0100%	4h	0.01829	long leg	$9K	$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	0.01833	+0.224%	$4K	$263K	5x	as long as short
Gate DYM_USDT	+0.0518%	4h	0.01834	+0.260%	$146K	$169K	25x	as long as short
KuCoin DYMUSDTM	+0.1502%	4h	0.01832	+0.150%	$431K	$145K	25x	as long as short
Kraken Futures PF_DYMUSD	+0.1945%	1h	0.01835	+0.334%	$14K	$5K	10x	as long as short