Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.049%

Price spread now: Aster against Deribit+0.048%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.048% dearer against Deribit than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	61.400	0.0076	pay 0.0009% / 1h	59m 12s	$13K	$3K	20x
Short	Aster DRAMUSDT	61.430	0.0050	get 0.0050% / 8h	1h 59m	$198K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$5.35
Price spread: +0.048% → 0.000%: $4.81
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.54
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 47 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 47 min ago	3.24 bp	10.1 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit

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 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
Bitget DRAMUSDT	−0.0438%	8h	61.420	+0.033%	$26.1M	$14.5M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.403	+0.005%	$425K	$506K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.460	+0.098%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.460	+0.098%	$36K	$197K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.420	+0.033%	$711	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.420	+0.033%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.400	0.000%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0007%	8h	61.410	+0.016%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.404	+0.006%	$1K	$31K	5x	as long as short
edgeX DRAMUSDC	+0.0039%	4h	61.431	+0.051%	$149K	$299K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.400	0.000%	$48K	$69K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0042%	8h	61.420	+0.033%	$5.5M	$5.7M	50x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.400	0.000%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.410	+0.016%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.387	−0.021%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.405	+0.008%	$2K	$15K	20x	as long as short
Aster DRAMUSDTshort	+0.0050%	8h	61.430	+0.048%	$198K	$35K	20x
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.400	0.000%	$1.1M	$3.4M	10x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0076%	1h	61.400	long leg	$13K	$3K	20x
Entropy io:DRAM	+0.0078%	1h	61.377	−0.037%	$169K	$470K	25x	as long as short
Variational Omni DRAM	+0.0097%	8h	61.464	+0.104%	$2.3M	$669K	—	as long as short
Pacifica DRAM	+0.0100%	1h	61.366	−0.056%	$74K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.390	−0.016%	$3.0M	$412K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.490	+0.147%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.410	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.402	+0.004%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0114%	8h	61.396	−0.007%	—	—	5x	as long as short
Lighter DRAM	+0.0136%	1h	61.421	+0.034%	$1.1M	$1.1M	20x	as long as short
Extended DRAM-USD	+0.0152%	1h	61.383	−0.028%	$76K	$188K	10x	as long as short
Binance DRAMUSDT	+0.0156%	8h	61.407	+0.011%	$44.0M	$87.0M	50x	as long as short
MEXC DRAM_USDT	+0.0158%	8h	61.400	0.000%	$8.1M	$5.6M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.472%	$525K	$75K	20x	as long as short
BloFin DRAM-USDT	+0.0175%	8h	61.420	+0.033%	$299K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0179%	1h	61.394	−0.010%	$79.5M	$36.1M	20x	as long as short