Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0367%/8h= −40.2% APRpaid last 24h +0.031%

Price spread now: RISEx against BloFin−0.032%7-day average +0.001% · 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−$29as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on BloFin 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 3 days (all we have)+0.051%+$5 · spread now −0.032%, 7d avg +0.001%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and RISEx is 0.033% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

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 4.0% 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	BloFin DRAM-USDT	62.040	0.0662	pay 0.0662% / 8h	17m 44s	$253K	$27K	20x
Short	RISEx DRAM/USDC	62.020	0.0295	get 0.0037% / 1h	17m 44s	$457K	$476K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BloFin. 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 BloFinbpFee RISExbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$77.06
Price spread: −0.032% → +0.001%: −$3.29
Slippage, 4 orders: −$7.83
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$106.18
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from BloFin: live order book, 54 min ago; RISEx: live order book, 61 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 BloFin live order book, 54 min ago	0.81 bp	9.3 bp −$9	12.7 bp −$127	42.5 bp −$4,253	doesn't fit
Sell RISEx live order book, 61 min ago	0.49 bp	3.5 bp −$3	5.7 bp −$57	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
Gate DRAM_USDT	0.0000%	8h	62.010	−0.048%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.000	−0.064%	$906	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.960	−0.129%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.820	−0.355%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.974	−0.106%	$1K	$36K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	61.945	−0.154%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.870	−0.274%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.982	−0.093%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.004	−0.058%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.970	−0.113%	$1.2M	$1.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.980	−0.097%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.940	−0.161%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.950	−0.145%	$3.0M	$472K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.870	−0.274%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.990	−0.081%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.013	−0.043%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0171%	8h	62.000	−0.064%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0177%	8h	61.990	−0.081%	$26.1M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.741%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0207%	8h	62.005	−0.056%	—	—	5x	as long as short
Lighter DRAM	+0.0240%	1h	62.000	−0.064%	$978K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0264%	8h	61.962	−0.126%	$36K	$171K	10x	as long as short
Aster DRAMUSDT	+0.0273%	8h	62.010	−0.048%	$199K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0293%	8h	62.030	−0.016%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDCshort	+0.0295%	1h	62.020	−0.032%	$457K	$476K	20x
tradeXYZ xyz:DRAM	+0.0310%	1h	61.984	−0.090%	$80.6M	$40.0M	20x	as long as short
Entropy io:DRAM	+0.0328%	1h	61.911	−0.208%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0349%	8h	61.967	−0.118%	$2.4M	$955K	—	as long as short
MEXC DRAM_USDT	+0.0404%	8h	61.990	−0.081%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0408%	1h	61.978	−0.100%	$77K	$767K	10x	as long as short
Binance DRAMUSDT	+0.0408%	8h	61.990	−0.081%	$43.7M	$82.3M	50x	as long as short
BloFin DRAM-USDTlong	+0.0662%	8h	62.040	long leg	$253K	$27K	20x
Arcus DRAM-USD	+0.0680%	1h	61.980	−0.097%	$50K	$90K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0719%	1h	62.000	−0.064%	$13K	$9K	20x	as long as short