Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h −0.067%

Price spread now: Orderly against Deribit−0.049%55s7-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 Orderly

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

Funding pays, the price is against you. Orderly is 0.049% cheaper against Deribit than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 6.6 days of funding at the current rate (+$1 a day). The two prices were read 55 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	61.510	0.0075	pay 0.0009% / 1h	1m 28s	$13K	$3K	20x
Short	Orderly PERP_DRAM_USDC_mythos	61.480	0.0100	get 0.0100% / 8h	3h 01m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.049%Rate

Funding earned: $5.2
Price spread: −0.049% → 0.000%: −$4.88
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.68
Costs to cover: 0.130%
Break-even: 24.1 days

Slippage unknown: Deribit: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Deribit and Orderly: 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	61.483	−0.043%	$433K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.480	−0.049%	$25.9M	$13.8M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.601	+0.148%	$37K	$189K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.560	+0.081%	$702	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.510	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.530	+0.033%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0007%	4h	61.583	+0.119%	$149K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.537	+0.044%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.490	−0.033%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.530	+0.033%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.480	−0.049%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.503	−0.011%	$169K	$465K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.454	−0.091%	$258K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.526	+0.026%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.420	−0.146%	$1.1M	$2.5M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0051%	8h	61.500	−0.016%	$5.4M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0061%	8h	61.500	−0.016%	$9.5M	$10.0M	100x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0075%	1h	61.510	long leg	$13K	$3K	20x
Pacifica DRAM	+0.0100%	1h	61.488	−0.036%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.460	−0.081%	$3.0M	$399K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.540	+0.049%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	61.480	−0.049%	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.485	−0.041%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	61.510	0.000%	$528K	$74K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0109%	8h	61.480	−0.049%	—	—	5x	as long as short
Aster DRAMUSDT	+0.0123%	8h	61.482	−0.046%	$198K	$35K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0139%	1h	61.456	−0.088%	$79.9M	$35.7M	20x	as long as short
Variational Omni DRAM	+0.0186%	8h	61.614	+0.169%	$2.4M	$618K	—	as long as short
Lighter DRAM	+0.0200%	1h	61.483	−0.044%	$1.1M	$1.2M	20x	as long as short
BloFin DRAM-USDT	+0.0211%	8h	61.570	+0.098%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0233%	8h	61.471	−0.063%	$44.0M	$82.7M	50x	as long as short
MEXC DRAM_USDT	+0.0237%	8h	61.480	−0.049%	$9.0M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.457	−0.086%	$75K	$239K	10x	as long as short
Gate DRAM_USDT	+0.0310%	8h	61.530	+0.033%	$8.1M	$3.6M	75x	as long as short