Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Phemex against Aevo+0.009%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo DRAM-PERP	61.235	0.0104	pay 0.0013% / 1h	13m 12s	$4K	—	10x
Short	Phemex DRAMUSDT	61.240	0	get 0.0000% / 8h	2h 13m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$21.84
Price spread: +0.009% → 0.000%: $0.88
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$48.96
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 5 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 Aevo no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	2.45 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit

Aevo: 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.

DRAM on 34 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
Bitget DRAMUSDT	−0.0525%	8h	61.270	+0.058%	$25.9M	$14.2M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.270	+0.058%	$424K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.142	−0.151%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.240	+0.009%	$777	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.140	−0.154%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.240	+0.009%	$1.7M	$1.3M	10x
Bybit DRAMUSDT	+0.0009%	8h	61.280	+0.074%	$9.4M	$10.2M	100x	as long as short
Gate DRAM_USDT	+0.0011%	8h	61.280	+0.074%	$8.0M	$3.7M	75x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	61.187	−0.078%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.170	−0.105%	$48K	$69K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0043%	8h	61.260	+0.042%	$5.4M	$5.6M	50x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.210	−0.040%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.260	+0.042%	$997K	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.229	−0.009%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.245	+0.017%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.200	−0.056%	$1.1M	$3.3M	10x	as long as short
Aster DRAMUSDT	+0.0060%	8h	61.240	+0.008%	$197K	$35K	20x	as long as short
Entropy io:DRAM	+0.0078%	1h	61.159	−0.123%	$169K	$470K	25x	as long as short
edgeX DRAMUSDC	+0.0096%	4h	61.124	−0.181%	$148K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.202	−0.053%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.200	−0.056%	$3.0M	$409K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.120	−0.187%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.240	+0.009%	$8K	—	10x	as long as short
Aevo DRAM-PERPlong	+0.0104%	1h	61.235	long leg	$4K	—	10x
Variational Omni DRAM	+0.0106%	8h	61.115	−0.195%	$2.3M	$670K	—	as long as short
Paradex DRAM-USD-PERP	+0.0116%	8h	61.272	+0.060%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0143%	1h	61.218	−0.027%	$79.3M	$36.1M	20x	as long as short
BloFin DRAM-USDT	+0.0154%	8h	61.250	+0.025%	$300K	$26K	20x	as long as short
MEXC DRAM_USDT	+0.0166%	8h	61.230	−0.007%	$8.1M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.223	−0.018%	$76K	$188K	10x	as long as short
Binance DRAMUSDT	+0.0168%	8h	61.230	−0.007%	$43.8M	$86.5M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.203%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.245	+0.017%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0403%	1h	61.250	+0.025%	$13K	$3K	20x	as long as short