Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0406%/8h= +44.4% APRpaid last 24h +0.050%

Price spread now: Deribit against Bybit−0.049%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 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

Funding pays, the price is against you. Deribit is 0.049% cheaper against Bybit than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	61.060	0	get 0.0000% / 8h	4h 10m	$9.5M	$11.1M	100x
Short	Deribit DRAM_USDC-PERPETUAL	61.030	0.0406	get 0.0051% / 1h	10m 46s	$12K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.049%Rate

Funding earned: $85.23
Price spread: −0.049% → 0.000%: −$4.91
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $62.32
Costs to cover: 0.180%
Break-even: 1.9 days

Slippage unknown: Bybit: live order book, 6 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 Bybit live order book, 6 min ago	0.82 bp	9.1 bp −$9	16.5 bp −$165	126.1 bp −$12.6K	doesn't fit
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 exchanges

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
Bybit DRAMUSDTlong	0.0000%	8h	61.060	long leg	$9.5M	$11.1M	100x
RISEx DRAM/USDC	0.0000%	1h	61.035	−0.042%	$458K	$365K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.070	+0.016%	$7.9M	$3.5M	75x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.060	0.000%	$26.7M	$17.2M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.050	−0.016%	$719	$2.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.110	+0.082%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.060	0.000%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0022%	4h	61.067	+0.011%	$148K	$298K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0026%	1h	61.013	−0.078%	$1K	$26K	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0030%	8h	61.077	+0.027%	$36K	$229K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0032%	1h	61.000	−0.098%	$999K	$100K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.000	−0.098%	$59K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.980	−0.131%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.008	−0.085%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.035	−0.041%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.950	−0.180%	$1.1M	$3.7M	10x	as long as short
Lighter DRAM	+0.0064%	1h	61.030	−0.049%	$1.1M	$1.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0089%	8h	61.010	−0.082%	—	—	5x	as long as short
Aster DRAMUSDT	+0.0094%	8h	61.060	−0.001%	$195K	$28K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.043	−0.027%	$74K	$32K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.020	−0.066%	$3.0M	$385K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.080	+0.033%	$21K	$187K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.050	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.036	−0.040%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0122%	8h	61.078	+0.029%	$2.1M	$679K	—	as long as short
Extended DRAM-USD	+0.0152%	1h	61.023	−0.060%	$97K	$980K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0152%	1h	61.028	−0.052%	$79.2M	$38.6M	20x	as long as short
Binance DRAMUSDT	+0.0154%	8h	61.055	−0.009%	$44.1M	$98.3M	50x	as long as short
MEXC DRAM_USDT	+0.0155%	8h	61.050	−0.016%	$9.8M	$5.8M	100x	as long as short
OKX DRAM-USDT-SWAP	+0.0157%	8h	61.070	+0.016%	$5.5M	$7.6M	50x	as long as short
Entropy io:DRAM	+0.0167%	1h	61.050	−0.016%	$292K	$1.7M	25x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0216%	1h	61.140	+0.131%	$536K	$90K	20x	as long as short
Deribit DRAM_USDC-PERPETUALshort	+0.0406%	1h	61.030	−0.049%	$12K	$4K	20x
BloFin DRAM-USDT	+0.0619%	8h	61.070	+0.016%	$309K	$27K	20x	as long as short