The practical application of object detection inevitably encounters challenges posed by small objects. In underwater object detection, a crucial method for marine exploration, the presence of small objects in underwater environments significantly hampers the performance of detection. In this paper, a dynamic YOLO detector is proposed as a solution to alleviate this problem. Specifically, a light-weight backbone network is first constructed based on deformable convolution v3, with some specialized designs for small object detection. Secondly, a unified feature fusion framework based on channel-wise, scale-wise, and spatial-aware attention is proposed to fuse feature maps from different scales. This is particularly critical for detecting small objects since it allows us to fully exploit the enhanced capabilities offered by our proposed backbone network. Finally, a simple but effective detection head is designed to handle the conflict between classification and localization by disentangling and aligning the two tasks. Extensive experiments are conducted on benchmark datasets to demonstrate the effectiveness of the proposed model. Without bells and whistles, dynamic YOLO outperforms the recent state-of-the-art methods by a large margin of +0.8\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$$+\\,0.8$$\\end{document} AP and +1.8\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$$+\\,1.8$$\\end{document} APS\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$$\ ext {AP}_{S}$$\\end{document} on the DUO dataset. Experimental results on Pascal VOC and MS COCO datasets also demonstrate the superiority of the proposed method. At last, ablation studies are conducted on DUO dataset to validate the effectiveness and efficiency of each design in dynamic YOLO. Source code will be available at https://github.com/chenjie04/Dynamic-YOLO.