Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0468%/8h= +51.3% APRpaid last 24h +0.027%

Price spread now: RISEx against Bybit−0.061%7-day average −0.014% · 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−$240.243% of the position

Long on Bybit 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 4 days (all we have)+0.042%+$4 · spread now −0.061%, 7d avg −0.014%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.047% cheaper against Bybit than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.014%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+0.037% in total) that is about 4.3 days.

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	Bybit DRAMUSDT	62.250	0.0367	pay 0.0367% / 8h	6h 41m	$9.6M	$10.2M	100x
Short	RISEx DRAM/USDC	62.212	0.0835	get 0.0104% / 1h	41m 30s	$449K	$503K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.061%Rate

Funding earned: $98.29
Price spread: −0.061% → −0.014%: −$4.66
Slippage, 4 orders: −$7.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: $69.33
Costs to cover: 0.243%
Break-even: 2.1 days

Slippage from Bybit: live order book, 2 min ago; RISEx: live order book, 27 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 Bybit live order book, 2 min ago	0.80 bp	6.9 bp −$7	13.0 bp −$130	127.8 bp −$12.8K	doesn't fit
Sell RISEx live order book, 27 min ago	1.36 bp	4.4 bp −$4	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
SunX DRAM-USDT	0.0000%	8h	62.190	−0.096%	$675	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.200	−0.080%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.200	−0.080%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0009%	4h	62.195	−0.089%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.207	−0.069%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.200	−0.080%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.140	−0.177%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.200	−0.080%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.182	−0.109%	$253K	$444K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.192	−0.093%	$266K	$1.3M	10x	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	62.168	−0.132%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.160	−0.145%	$1.1M	$1.8M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.153	−0.156%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.150	−0.161%	$3.0M	$407K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	−0.064%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.210	−0.064%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.210	−0.064%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.162	−0.141%	$965K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.225%	$540K	$90K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0189%	8h	62.182	−0.109%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0227%	8h	62.220	−0.048%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0227%	1h	62.173	−0.124%	$81.8M	$37.5M	20x	as long as short
Bybit DRAMUSDTlong	+0.0367%	8h	62.250	long leg	$9.6M	$10.2M	100x
Deribit DRAM_USDC-PERPETUAL	+0.0394%	1h	62.170	−0.129%	$13K	$3K	20x	as long as short
Bitget DRAMUSDT	+0.0418%	8h	62.230	−0.032%	$26.0M	$12.8M	20x	as long as short
Aster DRAMUSDT	+0.0478%	8h	62.181	−0.111%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0573%	8h	62.275	+0.041%	$2.4M	$757K	—	as long as short
Binance DRAMUSDT	+0.0605%	8h	62.216	−0.054%	$44.6M	$82.1M	50x	as long as short
MEXC DRAM_USDT	+0.0606%	8h	62.200	−0.080%	$9.7M	$5.9M	100x	as long as short
Extended DRAM-USD	+0.0608%	1h	62.193	−0.092%	$75K	$663K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0608%	8h	62.242	−0.014%	$37K	$152K	10x	as long as short
Gate DRAM_USDT	+0.0632%	8h	62.220	−0.048%	$8.2M	$3.4M	75x	as long as short
RISEx DRAM/USDCshort	+0.0835%	1h	62.212	−0.061%	$449K	$503K	20x
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.209%	$301K	$26K	20x	as long as short