Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.019%

Price spread now: Aevo against Bybit−0.118%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Aevo is 0.118% cheaper against Bybit than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	62.096	0	get 0.0000% / 8h	7h 59m	$9.4M	$10.5M	100x
Short	Aevo DRAM-PERP	62.023	0.0104	get 0.0013% / 1h	59m 01s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.118%Rate

Funding earned: $21.84
Price spread: −0.118% → 0.000%: −$11.81
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$16.97
Costs to cover: 0.270%
Break-even: 12.4 days

Slippage unknown: Bybit: live order book, 9 min ago; Aevo: 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 Bybit live order book, 9 min ago	0.81 bp	7.1 bp −$7	13.3 bp −$133	99.1 bp −$9,912	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Polymarket Perps DRAM-USD	−0.0186%	1h	62.013	−0.134%	$265K	$1.5M	10x	as long as short
Bybit DRAMUSDTlong	0.0000%	8h	62.096	long leg	$9.4M	$10.5M	100x
Gate DRAM_USDT	0.0000%	8h	62.060	−0.058%	$8.3M	$3.3M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.060	−0.058%	$569	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.010	−0.138%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.050	−0.074%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0032%	4h	62.048	−0.077%	$154K	$291K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0041%	1h	62.003	−0.149%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.810	−0.461%	—	$797	10x	as long as short
tradeXYZ xyz:DRAM	+0.0050%	1h	62.020	−0.122%	$81.2M	$41.0M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.025	−0.114%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.850	−0.396%	$1.2M	$1.8M	10x	as long as short
QFEX DRAM-USD	+0.0079%	1h	61.950	−0.235%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.979	−0.189%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.920	−0.283%	$3.0M	$469K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.060	−0.058%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.970	−0.203%	$9K	—	10x	as long as short
Aevo DRAM-PERPshort	+0.0104%	1h	62.023	−0.118%	$4K	—	10x
Lighter DRAM	+0.0144%	1h	61.976	−0.193%	$974K	$1.1M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.283%	$535K	$95K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0186%	8h	62.090	−0.010%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0198%	8h	62.030	−0.106%	$26.3M	$12.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0219%	8h	62.052	−0.071%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0311%	8h	62.072	−0.038%	$37K	$170K	10x	as long as short
Aster DRAMUSDT	+0.0316%	8h	62.009	−0.139%	$199K	$36K	20x	as long as short
Variational Omni DRAM	+0.0411%	8h	62.047	−0.080%	$2.4M	$948K	—	as long as short
Extended DRAM-USD	+0.0448%	1h	62.065	−0.050%	$78K	$764K	10x	as long as short
MEXC DRAM_USDT	+0.0450%	8h	62.080	−0.026%	$10.5M	$6.6M	100x	as long as short
Binance DRAMUSDT	+0.0451%	8h	62.070	−0.042%	$43.7M	$83.9M	50x	as long as short
Arcus DRAM-USD	+0.0680%	1h	62.030	−0.106%	$50K	$89K	10x	as long as short
Entropy io:DRAM	+0.0711%	1h	61.996	−0.161%	$253K	$494K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0719%	1h	61.960	−0.219%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0758%	8h	62.100	+0.006%	$295K	$27K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	61.943	−0.246%	$456K	$475K	20x	as long as short