Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.046%

Price spread now: Phemex against Binance+0.066%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1091.091% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.066%, 7d avg +0.017%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.049% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DRAMUSDT	60.600	0	get 0.0000% / 8h	7h 48m	$43.6M	$89.4M	50x
Short	Phemex DRAMUSDT	60.640	0	get 0.0000% / 8h	7h 48m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.017%: $4.9
Slippage, 4 orders: −$87.14
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$104.24
Costs to cover: 1.091%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Phemex: live order book, 4 min ago.

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 Binance live order book, 9 min ago	0.82 bp	7.4 bp −$7	10.0 bp −$100	44.1 bp −$4,408	doesn't fit
Sell Phemex live order book, 4 min ago	2.47 bp	55.9 bp −$56	doesn't fit	doesn't fit	doesn't fit

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	−0.0723%	8h	60.640	+0.066%	$26.4M	$15.1M	20x	as long as short
Entropy io:DRAM	−0.0074%	1h	60.590	−0.017%	$177K	$469K	25x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.582	−0.030%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.585	−0.025%	$76K	$218K	10x	as long as short
Binance DRAMUSDTlong	0.0000%	8h	60.600	long leg	$43.6M	$89.4M	50x
Bybit DRAMUSDT	0.0000%	8h	60.624	+0.040%	$9.6M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.582	−0.030%	$418K	$338K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.630	+0.050%	$7.9M	$3.6M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.590	−0.017%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.635	+0.058%	$2.3M	$584K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT DRAM_USDT_Perp	0.0000%	8h	60.632	+0.053%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.650	+0.083%	$520	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.520	−0.132%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	60.640	+0.066%	$1.7M	$1.3M	10x
OKX DRAM-USDT-SWAP	+0.0001%	8h	60.620	+0.033%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0010%	8h	60.630	+0.050%	$298K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.604	+0.007%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.610	+0.017%	$47K	$67K	10x	as long as short
edgeX DRAMUSDC	+0.0046%	4h	60.606	+0.010%	$147K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.560	−0.066%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.550	−0.083%	$252K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.586	−0.023%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.550	−0.083%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.590	−0.017%	$987K	$84K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0086%	1h	60.581	−0.031%	$78.3M	$35.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0096%	8h	60.585	−0.025%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.558	−0.069%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.570	−0.050%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.620	+0.033%	$21K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.570	−0.050%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.558	−0.070%	$4K	—	10x	as long as short
Lighter DRAM	+0.0224%	1h	60.609	+0.015%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0245%	1h	60.620	+0.033%	$12K	$3K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.590	−0.017%	$532K	$86K	20x	as long as short