Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.025%

Price spread now: Bybit against Aftermath Perps+0.066%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Bybit

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—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.066% dearer against Aftermath Perps than usual: you sell high and buy low: +$7 more if the spread 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	Aftermath Perps DRAMUSD	61.709	0.0035	pay 0.0004% / 1h	43m 10s	$1K	$36K	5x
Short	Bybit DRAMUSDT	61.750	0.0183	get 0.0183% / 8h	1h 43m	$9.3M	$10.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aftermath Perps. 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 Aftermath PerpsbpFee BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $31.06
Price spread: +0.066% → 0.000%: $6.59
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $17.65
Costs to cover: 0.200%
Break-even: 3.0 days

Slippage unknown: Aftermath Perps: no order-book sample; Bybit: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.81 bp	7.7 bp −$8	15.7 bp −$157	110.9 bp −$11.1K	doesn't fit

Aftermath Perps: 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	61.740	+0.050%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.710	+0.001%	$971	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.720	+0.017%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.720	+0.017%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSDlong	+0.0035%	1h	61.709	long leg	$1K	$36K	5x
Vest DRAM-USD-PERP	+0.0046%	1h	61.640	−0.112%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.690	−0.031%	$254K	$506K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.704	−0.009%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.715	+0.009%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.640	−0.112%	$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	61.730	+0.033%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0088%	4h	61.725	+0.025%	$153K	$290K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0090%	8h	61.720	+0.017%	$5.4M	$4.6M	50x	as long as short
Aster DRAMUSDT	+0.0091%	8h	61.731	+0.036%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0096%	8h	61.730	+0.033%	$26.0M	$12.5M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.744	+0.056%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.720	+0.017%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.670	−0.064%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.720	+0.017%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.724	+0.023%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0133%	8h	61.731	+0.034%	$35K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0154%	8h	61.714	+0.007%	—	—	5x	as long as short
Variational Omni DRAM	+0.0173%	8h	61.699	−0.017%	$2.4M	$967K	—	as long as short
Bybit DRAMUSDTshort	+0.0183%	8h	61.750	+0.066%	$9.3M	$10.3M	100x
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.210%	$510K	$44K	20x	as long as short
MEXC DRAM_USDT	+0.0221%	8h	61.710	+0.001%	$11.1M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.710	+0.001%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0224%	8h	61.720	+0.017%	$43.7M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.740	+0.050%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0328%	1h	61.715	+0.009%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0332%	1h	61.696	−0.022%	$79.2M	$39.9M	20x	as long as short
BloFin DRAM-USDT	+0.0349%	8h	61.750	+0.066%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.710	+0.001%	$50K	$92K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0723%	1h	61.710	+0.001%	$13K	$9K	20x	as long as short