Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0364%/8h= −39.8% APRpaid last 24h +0.085%

Price spread now: Deribit against Bitget0.000%48s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Deribit

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: −$11 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DRAMUSDT	62.510	0.0594	pay 0.0594% / 8h	7h 13m	$26.2M	$12.9M	20x
Short	Deribit DRAM_USDC-PERPETUAL	62.510	0.0230	get 0.0029% / 1h	13m 35s	$13K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$76.41
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$95.41
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; Deribit: no order-book sample. 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 Bitget live order book, 5 min ago	0.80 bp	7.7 bp −$8	12.6 bp −$126	28.7 bp −$2,869	66.4 bp −$33.2K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
SunX DRAM-USDT	0.0000%	8h	62.510	0.000%	$800	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.370	−0.224%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.520	+0.016%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	62.508	−0.003%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.470	−0.064%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.479	−0.050%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.515	+0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.520	+0.016%	$1.1M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0072%	4h	62.567	+0.090%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.523	+0.021%	$76K	$41K	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	62.500	−0.016%	$3.0M	$422K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.560	+0.080%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.560	+0.080%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.536	+0.042%	$4K	—	10x	as long as short
Lighter DRAM	+0.0112%	1h	62.501	−0.014%	$972K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.490	−0.032%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.192%	$540K	$91K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0223%	8h	62.516	+0.010%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0228%	1h	62.502	−0.013%	$82.3M	$37.7M	20x	as long as short
Deribit DRAM_USDC-PERPETUALshort	+0.0230%	1h	62.510	0.000%	$13K	$3K	20x
OKX DRAM-USDT-SWAP	+0.0239%	8h	62.510	0.000%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0424%	8h	62.530	+0.032%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0465%	8h	62.434	−0.121%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0524%	1h	62.443	−0.107%	$254K	$455K	25x	as long as short
Variational Omni DRAM	+0.0544%	8h	62.545	+0.056%	$2.4M	$750K	—	as long as short
MEXC DRAM_USDT	+0.0591%	8h	62.510	0.000%	$9.8M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0592%	8h	62.494	−0.026%	$44.8M	$82.0M	50x	as long as short
Extended DRAM-USD	+0.0592%	1h	62.491	−0.031%	$76K	$663K	10x	as long as short
Bitget DRAMUSDTlong	+0.0594%	8h	62.510	long leg	$26.2M	$12.9M	20x
Arcus DRAM-USD	+0.0606%	1h	62.520	+0.016%	$51K	$81K	10x	as long as short
Gate DRAM_USDT	+0.0788%	8h	62.530	+0.032%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0952%	8h	62.610	+0.160%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1048%	8h	62.562	+0.083%	$37K	$153K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.508	−0.003%	$461K	$496K	20x	as long as short