Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h −0.024%

Price spread now: Phemex against Aftermath Perps−0.064%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Phemex

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.064% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps DRAMUSD	61.520	0.0024	pay 0.0003% / 1h	59m 33s	$1K	$31K	5x
Short	Phemex DRAMUSDT	61.480	0	get 0.0000% / 8h	2h 59m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$5.13
Price spread: −0.064% → 0.000%: −$6.43
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$32.56
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago	4.06 bp	48.4 bp −$48	doesn't fit	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	61.499	−0.033%	$433K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.510	−0.016%	$26.0M	$13.8M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.490	−0.048%	$36K	$190K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.490	−0.048%	$924	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.510	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.480	−0.064%	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSDlong	+0.0024%	1h	61.520	long leg	$1K	$31K	5x
QFEX DRAM-USD	+0.0036%	1h	61.510	−0.016%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.490	−0.048%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.480	−0.064%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	61.486	−0.055%	$258K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.487	−0.053%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.460	−0.097%	$1.1M	$2.5M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0051%	8h	61.530	+0.017%	$5.4M	$4.7M	50x	as long as short
edgeX DRAMUSDC	+0.0056%	4h	61.479	−0.066%	$149K	$299K	20x	as long as short
Bybit DRAMUSDT	+0.0061%	8h	61.535	+0.025%	$9.5M	$10.0M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.488	−0.052%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.470	−0.081%	$3.0M	$399K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.530	+0.017%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.510	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.488	−0.051%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	61.510	−0.016%	$528K	$74K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0108%	8h	61.493	−0.043%	—	—	5x	as long as short
Aster DRAMUSDT	+0.0118%	8h	61.499	−0.033%	$198K	$35K	20x	as long as short
Variational Omni DRAM	+0.0175%	8h	61.464	−0.090%	$2.4M	$618K	—	as long as short
Lighter DRAM	+0.0200%	1h	61.508	−0.019%	$1.1M	$1.2M	20x	as long as short
BloFin DRAM-USDT	+0.0207%	8h	61.530	+0.017%	$299K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0231%	8h	61.506	−0.022%	$44.0M	$82.8M	50x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.490	−0.048%	$75K	$239K	10x	as long as short
MEXC DRAM_USDT	+0.0232%	8h	61.480	−0.064%	$9.0M	$5.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0238%	1h	61.490	−0.048%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0298%	8h	61.560	+0.066%	$8.1M	$3.6M	75x	as long as short
Entropy io:DRAM	+0.0449%	1h	61.465	−0.089%	$169K	$465K	25x	as long as short
tradeXYZ xyz:DRAM	+0.0699%	1h	61.485	−0.056%	$80.0M	$35.7M	20x	as long as short