Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.046%

Price spread now: Bybit against Deribit+0.083%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 Bybit

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 pays, funding is against you. Bybit is 0.083% dearer against Deribit than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	61.790	0.0560	pay 0.0070% / 1h	9m 58s	$13K	$9K	20x
Short	Bybit DRAMUSDT	61.841	0.0236	get 0.0236% / 8h	1h 09m	$9.3M	$10.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$68.08
Price spread: +0.083% → 0.000%: $8.25
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$77.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.81 bp	7.0 bp −$7	13.3 bp −$133	109.1 bp −$10.9K	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
Gate DRAM_USDT	0.0000%	8h	61.810	+0.032%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.800	+0.016%	$751	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.730	−0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.790	0.000%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.765	−0.040%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.720	−0.113%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.729	−0.099%	$260K	$510K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.769	−0.034%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.786	−0.006%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.720	−0.113%	$1.2M	$1.7M	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	+0.0052%	1h	61.790	0.000%	$1.0M	$80K	10x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	61.783	−0.012%	$153K	$288K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.729	−0.098%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.750	−0.065%	$3.0M	$477K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.800	+0.016%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.770	−0.032%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.788	−0.003%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0106%	8h	61.740	−0.081%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0113%	8h	61.810	+0.032%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0118%	8h	61.790	0.000%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0140%	8h	61.785	−0.008%	$36K	$181K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0153%	8h	61.776	−0.023%	—	—	5x	as long as short
Variational Omni DRAM	+0.0196%	8h	61.777	−0.022%	$2.4M	$938K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.340%	$510K	$43K	20x	as long as short
Bybit DRAMUSDTshort	+0.0236%	8h	61.841	+0.083%	$9.3M	$10.4M	100x
MEXC DRAM_USDT	+0.0239%	8h	61.810	+0.032%	$11.2M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.795	+0.008%	$77K	$765K	10x	as long as short
Binance DRAMUSDT	+0.0240%	8h	61.810	+0.032%	$43.8M	$82.7M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.786	−0.006%	$455K	$475K	20x	as long as short
Lighter DRAM	+0.0272%	1h	61.784	−0.010%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0286%	1h	61.772	−0.029%	$79.3M	$39.5M	20x	as long as short
BloFin DRAM-USDT	+0.0461%	8h	61.770	−0.032%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0560%	1h	61.790	long leg	$13K	$9K	20x
Arcus DRAM-USD	+0.0649%	1h	61.780	−0.016%	$50K	$91K	10x	as long as short