Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.059%

Price spread now: KuCoin against Deribit−0.016%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 KuCoin

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: −$9 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	61.610	0.0400	pay 0.0050% / 1h	0m 28s	$13K	$9K	20x
Short	KuCoin DRAMUSDTM	61.600	0.0100	get 0.0100% / 8h	2h 00m	$3.0M	$484K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$62.93
Price spread: −0.016% → 0.000%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$83.55
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	1.62 bp	27.3 bp −$27	doesn't fit	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
Gate DRAM_USDT	0.0000%	8h	61.620	+0.016%	$8.2M	$3.6M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.620	+0.016%	$743	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.580	−0.049%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.610	0.000%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0032%	1h	61.592	−0.029%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.550	−0.097%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.548	−0.101%	$253K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.600	−0.016%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.613	+0.005%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.540	−0.114%	$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
edgeX DRAMUSDC	+0.0063%	4h	61.602	−0.012%	$152K	$290K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0065%	8h	61.630	+0.032%	$5.4M	$4.8M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.630	+0.032%	$1.0M	$77K	10x	as long as short
Aster DRAMUSDT	+0.0083%	8h	61.600	−0.016%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0085%	8h	61.620	+0.016%	$26.0M	$12.6M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.559	−0.083%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	61.600	−0.016%	$3.0M	$484K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	61.570	−0.065%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.610	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.625	+0.024%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0132%	8h	61.607	−0.005%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0136%	1h	61.601	−0.015%	$79.0M	$39.7M	20x	as long as short
Bybit DRAMUSDT	+0.0140%	8h	61.670	+0.097%	$9.2M	$10.3M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0144%	8h	61.590	−0.033%	$36K	$190K	10x	as long as short
Lighter DRAM	+0.0160%	1h	61.603	−0.011%	$990K	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0167%	8h	61.582	−0.045%	$2.4M	$978K	—	as long as short
MEXC DRAM_USDT	+0.0214%	8h	61.630	+0.032%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0216%	8h	61.634	+0.040%	$43.7M	$82.9M	50x	as long as short
Extended DRAM-USD	+0.0216%	1h	61.625	+0.025%	$102K	$741K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.580	−0.049%	$510K	$44K	20x	as long as short
BloFin DRAM-USDT	+0.0233%	8h	61.640	+0.049%	$295K	$26K	20x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0400%	1h	61.610	long leg	$13K	$9K	20x
RISEx DRAM/USDC	+0.0459%	1h	61.633	+0.037%	$479K	$443K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.610	0.000%	$50K	$93K	10x	as long as short