Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.083%

Price spread now: edgeX against Deribit−0.025%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on edgeX

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 airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and edgeX is 0.025% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	62.250	0.0393	pay 0.0049% / 1h	33m 09s	$13K	$3K	20x
Short	edgeX DRAMUSDC	62.235	0.0087	get 0.0043% / 4h	1h 33m	$151K	$297K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$64.31
Price spread: −0.025% → 0.000%: −$2.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$82.8
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; edgeX: live order book, 30 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 edgeX live order book, 30 min ago	2.41 bp	6.9 bp −$7	14.7 bp −$147	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
RISEx DRAM/USDC	0.0000%	1h	62.262	+0.020%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.270	+0.032%	$780	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.280	+0.048%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	62.221	−0.047%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	−0.032%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.190	−0.096%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.235	−0.024%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.267	+0.027%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.180	−0.112%	$1.1M	$2.1M	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	+0.0055%	1h	62.250	0.000%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0058%	1h	62.206	−0.071%	$253K	$419K	25x	as long as short
edgeX DRAMUSDCshort	+0.0087%	4h	62.235	−0.025%	$151K	$297K	20x
Bitget DRAMUSDT	+0.0089%	8h	62.290	+0.064%	$26.3M	$13.2M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.267	+0.027%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.250	0.000%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.096%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.290	+0.064%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.287	+0.060%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.255	+0.008%	$967K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0137%	8h	62.251	+0.001%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0169%	8h	62.246	−0.006%	$36K	$157K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0171%	1h	62.254	+0.006%	$81.8M	$37.1M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.337%	$534K	$76K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0195%	8h	62.270	+0.032%	$5.5M	$4.5M	50x	as long as short
Bybit DRAMUSDT	+0.0273%	8h	62.315	+0.104%	$9.7M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0393%	1h	62.250	long leg	$13K	$3K	20x
Aster DRAMUSDT	+0.0401%	8h	62.289	+0.063%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0488%	8h	62.263	+0.021%	$2.4M	$715K	—	as long as short
Extended DRAM-USD	+0.0520%	1h	62.251	+0.001%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0522%	8h	62.270	+0.032%	$44.7M	$81.8M	50x	as long as short
MEXC DRAM_USDT	+0.0522%	8h	62.270	+0.032%	$9.2M	$5.6M	100x	as long as short
Gate DRAM_USDT	+0.0545%	8h	62.320	+0.112%	$8.1M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0781%	8h	62.270	+0.032%	$302K	$26K	20x	as long as short