Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.007%

Price spread now: tradeXYZ against Bybit−0.058%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.058%, 7d avg −0.085%

Together, before fees+0.138%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.027% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	61.983	0.0295	pay 0.0295% / 8h	15m 22s	$9.3M	$10.5M	100x
Short	tradeXYZ xyz:DRAM	61.947	0.0307	get 0.0038% / 1h	15m 22s	$80.6M	$40.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.058%Rate

Funding earned: $2.49
Price spread: −0.058% → −0.085%: $2.72
Slippage, 4 orders: −$5.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$29.68
Costs to cover: 0.349%
Break-even: 90.6 days

Slippage from Bybit: live order book, 3 min ago; tradeXYZ: live order book, 4 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, 3 min ago	0.81 bp	6.9 bp −$7	13.7 bp −$137	105.3 bp −$10.5K	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.32 bp	10.0 bp −$10	11.4 bp −$114	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	61.960	−0.037%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.980	−0.005%	$846	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.940	−0.069%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.800	−0.295%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0002%	4h	61.980	−0.004%	$153K	$291K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.979	−0.007%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.850	−0.215%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.936	−0.076%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.975	−0.013%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.910	−0.118%	$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	61.940	−0.069%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.972	−0.018%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.940	−0.069%	$3.0M	$472K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.910	−0.118%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.960	−0.037%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.998	+0.024%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0175%	8h	61.970	−0.021%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0180%	8h	61.960	−0.037%	$26.0M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.650%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0209%	8h	61.957	−0.042%	—	—	5x	as long as short
Lighter DRAM	+0.0240%	1h	61.964	−0.031%	$978K	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0277%	8h	61.984	+0.002%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0286%	8h	61.989	+0.010%	$36K	$171K	10x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.963	−0.032%	$456K	$476K	20x	as long as short
Bybit DRAMUSDTlong	+0.0295%	8h	61.983	long leg	$9.3M	$10.5M	100x
tradeXYZ xyz:DRAMshort	+0.0307%	1h	61.947	−0.058%	$80.6M	$40.0M	20x
Entropy io:DRAM	+0.0331%	1h	61.902	−0.131%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0371%	8h	61.986	+0.005%	$2.4M	$953K	—	as long as short
Extended DRAM-USD	+0.0408%	1h	61.948	−0.056%	$77K	$767K	10x	as long as short
MEXC DRAM_USDT	+0.0409%	8h	61.950	−0.053%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0415%	8h	61.958	−0.041%	$43.6M	$82.2M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.960	−0.037%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.940	−0.069%	$50K	$90K	10x	as long as short
BloFin DRAM-USDT	+0.0680%	8h	62.030	+0.076%	$253K	$27K	20x	as long as short