Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h −0.085%

Price spread now: Bitget against Deribit+0.016%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 Bitget

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	62.510	0.0230	pay 0.0029% / 1h	13m 50s	$13K	$3K	20x
Short	Bitget DRAMUSDT	62.520	0.0590	get 0.0590% / 8h	7h 13m	$26.2M	$12.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.016%Rate

Funding earned: $75.57
Price spread: +0.016% → 0.000%: $1.6
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $58.17
Costs to cover: 0.190%
Break-even: 1.6 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.80 bp	8.1 bp −$8	12.7 bp −$127	32.9 bp −$3,294	88.8 bp −$44.4K

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
SunX DRAM-USDT	0.0000%	8h	62.510	0.000%	$800	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.370	−0.224%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.520	+0.016%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	62.508	−0.003%	$1K	$35K	5x	as long as short
edgeX DRAMUSDC	+0.0040%	4h	62.534	+0.039%	$151K	$297K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.480	−0.048%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.488	−0.035%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.515	+0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.520	+0.016%	$1.1M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.547	+0.058%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.500	−0.016%	$3.0M	$422K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.570	+0.096%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.560	+0.080%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.536	+0.042%	$4K	—	10x	as long as short
Lighter DRAM	+0.0112%	1h	62.516	+0.010%	$973K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.490	−0.032%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.192%	$540K	$91K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0225%	8h	62.528	+0.030%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0229%	1h	62.496	−0.022%	$82.3M	$37.7M	20x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0230%	1h	62.510	long leg	$13K	$3K	20x
OKX DRAM-USDT-SWAP	+0.0240%	8h	62.520	+0.016%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0422%	8h	62.559	+0.078%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0461%	8h	62.441	−0.110%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0529%	1h	62.457	−0.085%	$254K	$455K	25x	as long as short
Variational Omni DRAM	+0.0544%	8h	62.545	+0.056%	$2.4M	$750K	—	as long as short
MEXC DRAM_USDT	+0.0584%	8h	62.500	−0.016%	$9.7M	$6.7M	100x	as long as short
Bitget DRAMUSDTshort	+0.0590%	8h	62.520	+0.016%	$26.2M	$12.9M	20x
Binance DRAMUSDT	+0.0591%	8h	62.508	−0.003%	$44.8M	$82.0M	50x	as long as short
Extended DRAM-USD	+0.0592%	1h	62.506	−0.006%	$76K	$663K	10x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.530	+0.032%	$51K	$81K	10x	as long as short
Gate DRAM_USDT	+0.0789%	8h	62.530	+0.032%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0952%	8h	62.610	+0.160%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1024%	8h	62.543	+0.053%	$37K	$153K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.510	0.000%	$461K	$496K	20x	as long as short