Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: SunX against Aevo−0.006%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on SunX

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	61.774	0.0104	pay 0.0013% / 1h	27m 21s	$4K	—	10x
Short	SunX DRAM-USDT	61.770	0	get 0.0000% / 8h	1h 27m	$757	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$21.84
Price spread: −0.006% → 0.000%: −$0.59
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$46.43
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 10 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 SunX live order book, 10 min ago	46.16 bp	doesn't fit	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
Gate DRAM_USDT	0.0000%	8h	61.780	+0.010%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDTshort	0.0000%	8h	61.770	−0.006%	$757	$3.3M	10x
HTX DRAM-USDT	0.0000%	8h	61.760	−0.022%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.770	−0.006%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.729	−0.073%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.650	−0.200%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.668	−0.171%	$254K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.735	−0.063%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.760	−0.022%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.720	−0.087%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0052%	1h	61.740	−0.054%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0055%	4h	61.775	+0.002%	$153K	$288K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.705	−0.112%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.760	−0.022%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.830	+0.091%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.760	−0.022%	$8K	—	10x	as long as short
Aster DRAMUSDT	+0.0102%	8h	61.740	−0.054%	$198K	$36K	20x	as long as short
Aevo DRAM-PERPlong	+0.0104%	1h	61.774	long leg	$4K	—	10x
Bitget DRAMUSDT	+0.0110%	8h	61.760	−0.022%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0111%	8h	61.770	−0.006%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.790	+0.027%	$36K	$183K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0162%	8h	61.756	−0.028%	—	—	5x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.727	−0.075%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.313%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0227%	8h	61.810	+0.059%	$9.3M	$10.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.749	−0.040%	$77K	$765K	10x	as long as short
MEXC DRAM_USDT	+0.0234%	8h	61.760	−0.022%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0235%	8h	61.760	−0.022%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.773	−0.002%	$455K	$454K	20x	as long as short
Lighter DRAM	+0.0312%	1h	61.775	+0.002%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0313%	1h	61.747	−0.043%	$79.3M	$39.6M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.760	−0.022%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0432%	8h	61.770	−0.006%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.750	−0.038%	$50K	$92K	10x	as long as short