Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.083%

Price spread now: Phemex against Arcus−0.016%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 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: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus DRAM-USD	62.140	0.0040	pay 0.0005% / 1h	50m 24s	$48K	$77K	10x
Short	Phemex DRAMUSDT	62.130	0	get 0.0000% / 8h	3h 50m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Arcus. 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 ArcusbpFee PhemexbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$8.46
Price spread: −0.016% → 0.000%: −$1.61
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$26.57
Costs to cover: 0.165%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Phemex: live order book, 3 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 Arcus no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	1.61 bp	44.7 bp −$45	doesn't fit	doesn't fit	doesn't fit

Arcus: 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	62.109	−0.049%	$438K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.130	−0.016%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.199	+0.096%	$37K	$179K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.120	−0.032%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.180	+0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	62.130	−0.016%	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0021%	1h	62.155	+0.024%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.100	−0.064%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USDlong	+0.0040%	1h	62.140	long leg	$48K	$77K	10x
Vest DRAM-USD-PERP	+0.0046%	1h	62.090	−0.080%	—	—	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	62.088	−0.084%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.125	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.050	−0.145%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAM	+0.0052%	1h	62.131	−0.014%	$159K	$451K	25x	as long as short
OKX DRAM-USDT-SWAP	+0.0072%	8h	62.130	−0.016%	$5.4M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0072%	1h	62.100	−0.064%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0077%	8h	62.100	−0.065%	—	—	5x	as long as short
Lighter DRAM	+0.0080%	1h	62.124	−0.026%	$1.0M	$1.1M	20x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	62.186	+0.073%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.117	−0.037%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.090	−0.080%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.230	+0.145%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.120	−0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.120	−0.033%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	−0.048%	$533K	$75K	20x	as long as short
Bybit DRAMUSDT	+0.0109%	8h	62.140	0.000%	$9.7M	$9.7M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0128%	1h	62.100	−0.064%	$81.3M	$35.4M	20x	as long as short
Aster DRAMUSDT	+0.0196%	8h	62.120	−0.032%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0261%	8h	62.144	+0.007%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0296%	8h	62.190	+0.080%	$301K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0311%	8h	62.109	−0.051%	$44.6M	$80.4M	50x	as long as short
Extended DRAM-USD	+0.0312%	1h	62.090	−0.080%	$76K	$622K	10x	as long as short
MEXC DRAM_USDT	+0.0313%	8h	62.100	−0.064%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0584%	8h	62.150	+0.016%	$8.1M	$3.5M	75x	as long as short