Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0235%/8h= −25.8% APRpaid last 24h −0.016%

Price spread now: Bybit against Extended+0.094%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.094%, 7d avg +0.050%

Together, before fees−0.108%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.044% dearer against Extended than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.050%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.081% in total) that is about 3.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended DRAM-USD	62.350	0.0448	pay 0.0056% / 1h	47m 47s	$75K	$636K	10x
Short	Bybit DRAMUSDT	62.408	0.0213	get 0.0213% / 8h	4h 47m	$9.7M	$9.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$49.39
Price spread: +0.094% → +0.050%: $4.35
Slippage, 4 orders: −$6.09
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$67.13
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from Extended: live order book, 10 min ago; Bybit: live order book, 5 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 Extended live order book, 10 min ago	0.48 bp	3.3 bp −$3	7.1 bp −$71	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.80 bp	8.3 bp −$8	11.1 bp −$111	121.1 bp −$12.1K	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
RISEx DRAM/USDC	0.0000%	1h	62.366	+0.026%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.360	+0.017%	$939	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.340	−0.015%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.360	+0.017%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	62.353	+0.005%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.373	+0.038%	$969K	$1.0M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	+0.017%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.350	+0.001%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.333	−0.027%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.343	−0.011%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.300	−0.080%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.350	+0.001%	$1.0M	$78K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.360	+0.017%	$13K	$3K	20x	as long as short
edgeX DRAMUSDC	+0.0089%	4h	62.402	+0.084%	$151K	$297K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0099%	1h	62.353	+0.005%	$81.8M	$35.6M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.351	+0.002%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.350	+0.001%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.430	+0.129%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.370	+0.033%	$9K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0104%	8h	62.360	+0.017%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.380	+0.049%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0112%	8h	62.370	+0.033%	$26.3M	$13.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0116%	8h	62.416	+0.106%	$36K	$164K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0152%	8h	62.380	+0.049%	$5.5M	$4.4M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.031%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0182%	1h	62.364	+0.023%	$238K	$417K	25x	as long as short
Bybit DRAMUSDTshort	+0.0213%	8h	62.408	+0.094%	$9.7M	$9.9M	100x
Aster DRAMUSDT	+0.0329%	8h	62.386	+0.059%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0419%	8h	62.374	+0.039%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0447%	8h	62.390	+0.065%	$44.9M	$80.5M	50x	as long as short
Extended DRAM-USDlong	+0.0448%	1h	62.350	long leg	$75K	$636K	10x
MEXC DRAM_USDT	+0.0453%	8h	62.370	+0.033%	$9.2M	$5.4M	100x	as long as short
Gate DRAM_USDT	+0.0605%	8h	62.400	+0.081%	$8.2M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0628%	8h	62.400	+0.081%	$303K	$26K	20x	as long as short