Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.071%

Price spread now: GRVT against Deribit+0.044%75s7-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 GRVT

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 airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.044% dearer against Deribit than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 28 hours. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	62.230	0.0554	pay 0.0069% / 1h	23m 50s	$13K	$3K	20x
Short	GRVT DRAM_USDT_Perp	62.258	0.0427	get 0.0427% / 8h	6h 23m	$37K	$154K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$26.7
Price spread: +0.044% → 0.000%: $4.43
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$38.27
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; GRVT: live order book, 39 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 GRVT live order book, 39 min ago	3.20 bp	7.7 bp −$8	20.2 bp −$202	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 33 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	62.270	+0.064%	$821	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	+0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.250	+0.032%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0019%	4h	62.251	+0.033%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.223	−0.012%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	0.000%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.210	−0.032%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.250	+0.032%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.246	+0.026%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.239	+0.014%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.210	−0.032%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0056%	1h	62.196	−0.055%	$253K	$430K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.213	−0.027%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.240	+0.016%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.064%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.263	+0.054%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.161%	$534K	$93K	20x	as long as short
Lighter DRAM	+0.0160%	1h	62.231	+0.002%	$966K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0180%	8h	62.255	+0.040%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0228%	8h	62.250	+0.032%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0235%	1h	62.228	−0.003%	$81.9M	$36.7M	20x	as long as short
Bitget DRAMUSDT	+0.0279%	8h	62.250	+0.032%	$26.0M	$12.9M	20x	as long as short
Bybit DRAMUSDT	+0.0348%	8h	62.270	+0.064%	$9.6M	$10.1M	100x	as long as short
GRVT DRAM_USDT_Perpshort	+0.0427%	8h	62.258	+0.044%	$37K	$154K	10x
Aster DRAMUSDT	+0.0468%	8h	62.259	+0.046%	$200K	$36K	20x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0554%	1h	62.230	long leg	$13K	$3K	20x
Variational Omni DRAM	+0.0556%	8h	62.285	+0.088%	$2.4M	$756K	—	as long as short
Gate DRAM_USDT	+0.0568%	8h	62.290	+0.096%	$8.2M	$3.5M	75x	as long as short
Extended DRAM-USD	+0.0592%	1h	62.234	+0.006%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0593%	8h	62.240	+0.016%	$9.7M	$5.9M	100x	as long as short
Binance DRAMUSDT	+0.0593%	8h	62.240	+0.016%	$44.7M	$82.0M	50x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.258	+0.045%	$448K	$504K	20x	as long as short