Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.020%

Price spread now: Phemex against edgeX−0.032%78s7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1000.996% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.032%, 7d avg +0.008%

Together, before fees−0.131%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phemex is 0.040% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.008%). Swap the legs. The two prices were read 78 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	edgeX DRAMUSDC	60.820	0.0016	pay 0.0008% / 4h	3h 02m	$147K	$300K	20x
Short	Phemex DRAMUSDT	60.800	0	get 0.0000% / 8h	7h 02m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$3.28
Price spread: −0.032% → +0.008%: −$3.99
Slippage, 4 orders: −$78.61
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$106.88
Costs to cover: 0.996%
Break-even: never at this rate

Slippage from edgeX: live order book, 31 min ago; Phemex: live order book, 1 min ago.

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 edgeX live order book, 31 min ago	2.49 bp	7.5 bp −$8	16.2 bp −$162	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	2.47 bp	42.5 bp −$43	doesn't fit	doesn't fit	doesn't fit

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	−0.0383%	8h	60.810	−0.016%	$26.5M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.678	−0.233%	$194K	$26K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.771	−0.079%	$415K	$339K	20x	as long as short
Variational Omni DRAM	0.0000%	8h	60.785	−0.057%	$2.1M	$730K	—	as long as short
SunX DRAM-USDT	0.0000%	8h	60.800	−0.032%	$878	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.800	−0.032%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	60.800	−0.032%	$1.7M	$1.3M	10x
edgeX DRAMUSDClong	+0.0016%	4h	60.820	long leg	$147K	$300K	20x
Aftermath Perps DRAMUSD	+0.0040%	1h	60.733	−0.142%	$1K	$28K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.790	−0.049%	$47K	$68K	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	60.740	−0.131%	—	—	10x	as long as short
MEXC DRAM_USDT	+0.0048%	8h	60.790	−0.049%	$8.7M	$5.6M	100x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.795	−0.040%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.805	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.750	−0.114%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.790	−0.049%	$990K	$93K	10x	as long as short
Extended DRAM-USD	+0.0056%	1h	60.784	−0.059%	$73K	$259K	10x	as long as short
Binance DRAMUSDT	+0.0060%	8h	60.819	−0.001%	$44.0M	$92.2M	50x	as long as short
OKX DRAM-USDT-SWAP	+0.0063%	8h	60.840	+0.034%	$5.4M	$6.4M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	60.824	+0.008%	$73K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.720	−0.164%	$3.0M	$410K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.820	+0.001%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.810	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.786	−0.055%	$4K	—	10x	as long as short
Entropy io:DRAM	+0.0133%	1h	60.767	−0.087%	$1.1M	$991K	25x	as long as short
Gate DRAM_USDT	+0.0135%	8h	60.840	+0.034%	$7.9M	$3.8M	75x	as long as short
Bybit DRAMUSDT	+0.0155%	8h	60.828	+0.014%	$9.6M	$10.6M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0200%	8h	60.858	+0.063%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0210%	1h	60.785	−0.057%	$79.2M	$36.4M	20x	as long as short
BloFin DRAM-USDT	+0.0228%	8h	60.810	−0.016%	$297K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.100	−1.183%	$527K	$87K	20x	as long as short
Lighter DRAM	+0.0312%	1h	60.805	−0.024%	$1.1M	$1.3M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0408%	1h	60.800	−0.032%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0537%	8h	60.860	+0.066%	$36K	$213K	10x	as long as short