Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0638%/8h= +69.9% APRpaid last 24h +0.009%

Price spread now: RISEx against Binance−0.006%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 2 days (all we have)+0.018%+$2 · spread now −0.006%, 7d avg +0.004%

Together, before fees+0.055%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.037% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DRAMUSDT	62.224	0.0458	pay 0.0458% / 8h	7h 53m	$44.3M	$81.8M	50x
Short	RISEx DRAM/USDC	62.220	0.1096	get 0.0137% / 1h	53m 16s	$454K	$478K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.006%Rate

Funding earned: $134.07
Price spread: −0.006% → +0.004%: −$0.98
Slippage, 4 orders: −$4.98
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $112.11
Costs to cover: 0.210%
Break-even: 1.1 days

Slippage from Binance: live order book, 4 min ago; RISEx: live order book, 20 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, 4 min ago	0.81 bp	6.4 bp −$6	9.3 bp −$93	35.2 bp −$3,521	doesn't fit
Sell RISEx live order book, 20 min ago	1.37 bp	4.4 bp −$4	4.9 bp −$49	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
SunX DRAM-USDT	0.0000%	8h	62.210	−0.022%	$845	$3.1M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.140	−0.135%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.220	−0.006%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0037%	4h	62.079	−0.233%	$150K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	62.107	−0.188%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.170	−0.087%	—	$601	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.223	−0.001%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.140	−0.135%	$1.2M	$1.8M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0072%	1h	62.200	−0.038%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.154	−0.112%	$76K	$40K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.160	−0.103%	$3.0M	$454K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.130	−0.151%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.250	+0.042%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.132	−0.148%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.224	0.000%	$961K	$1.2M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.190	−0.054%	$1.0M	$79K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.488%	$535K	$95K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0197%	8h	62.230	+0.010%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0220%	8h	62.225	+0.002%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0231%	8h	62.210	−0.022%	$26.3M	$12.8M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0244%	8h	62.108	−0.186%	$37K	$164K	10x	as long as short
Gate DRAM_USDT	+0.0259%	8h	62.230	+0.010%	$8.3M	$3.3M	75x	as long as short
Polymarket Perps DRAM-USD	+0.0317%	1h	62.211	−0.021%	$266K	$1.3M	10x	as long as short
Aster DRAMUSDT	+0.0325%	8h	62.164	−0.096%	$200K	$36K	20x	as long as short
Entropy io:DRAM	+0.0404%	1h	62.130	−0.151%	$254K	$475K	25x	as long as short
Variational Omni DRAM	+0.0410%	8h	62.157	−0.108%	$2.4M	$904K	—	as long as short
Extended DRAM-USD	+0.0456%	1h	62.206	−0.028%	$75K	$767K	10x	as long as short
MEXC DRAM_USDT	+0.0456%	8h	62.220	−0.006%	$10.5M	$6.6M	100x	as long as short
Binance DRAMUSDTlong	+0.0458%	8h	62.224	long leg	$44.3M	$81.8M	50x
Arcus DRAM-USD	+0.0606%	1h	62.150	−0.119%	$51K	$86K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0658%	1h	62.194	−0.048%	$81.4M	$39.2M	20x	as long as short
Bybit DRAMUSDT	+0.0684%	8h	62.285	+0.098%	$9.6M	$10.5M	100x	as long as short
BloFin DRAM-USDT	+0.0785%	8h	62.240	+0.026%	$295K	$27K	20x	as long as short
RISEx DRAM/USDCshort	+0.1096%	1h	62.220	−0.006%	$454K	$478K	20x