Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h −0.066%

Price spread now: OKX against Deribit+0.033%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 OKX

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. OKX is 0.033% dearer against Deribit than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	60.460	0.0246	pay 0.0031% / 1h	38m 46s	$12K	$3K	20x
Short	OKX DRAM-USDT-SWAP	60.480	0.0005	get 0.0005% / 8h	7h 38m	$5.4M	$6.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$50.78
Price spread: +0.033% → 0.000%: $3.31
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$64.47
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	1.65 bp	8.4 bp −$8	15.9 bp −$159	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
Bitget DRAMUSDT	−0.0663%	8h	60.460	0.000%	$26.4M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.471	+0.018%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.455	−0.009%	$76K	$219K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.460	0.000%	$43.4M	$89.7M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.476	+0.026%	$9.5M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.516	+0.092%	$417K	$338K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.470	+0.017%	$7.9M	$3.6M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.450	−0.017%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.515	+0.091%	$2.3M	$581K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.580	+0.198%	$36K	$209K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.520	+0.099%	$875	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.500	+0.066%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.480	+0.033%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAPshort	+0.0005%	8h	60.480	+0.033%	$5.4M	$6.1M	50x
BloFin DRAM-USDT	+0.0015%	8h	60.510	+0.083%	$299K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	60.505	+0.075%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.510	+0.083%	$47K	$66K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.510	+0.083%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.501	+0.068%	$177K	$473K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.422	−0.063%	$251K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.480	+0.033%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.510	+0.083%	$1.0M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.530	+0.116%	$986K	$85K	10x	as long as short
edgeX DRAMUSDC	+0.0059%	4h	60.522	+0.103%	$147K	$298K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0096%	8h	60.414	−0.076%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.418	−0.069%	$72K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.410	−0.083%	$2.9M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.540	+0.132%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.520	+0.099%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.474	+0.024%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0108%	1h	60.401	−0.098%	$78.0M	$34.8M	20x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0246%	1h	60.460	long leg	$12K	$3K	20x
Lighter DRAM	+0.0248%	1h	60.436	−0.040%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.590	+0.215%	$532K	$86K	20x	as long as short