Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.056%

Price spread now: Phemex against Extended+0.055%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1131.134% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.055%, 7d avg +0.034%

Together, before fees−0.244%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.021% dearer against Extended than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.034%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.186% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended DRAM-USD	60.947	0.0032	pay 0.0004% / 1h	37m 51s	$77K	$196K	10x
Short	Phemex DRAMUSDT	60.980	0	get 0.0000% / 8h	37m 51s	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$6.72
Price spread: +0.055% → +0.034%: $2.05
Slippage, 4 orders: −$96.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$118.04
Costs to cover: 1.134%
Break-even: never at this rate

Slippage from Extended: live order book, 63 min ago; Phemex: 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, 63 min ago	0.49 bp	3.4 bp −$3	7.0 bp −$70	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.64 bp	53.7 bp −$54	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	−0.0747%	8h	61.020	+0.120%	$26.4M	$15.0M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.961	+0.023%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.010	+0.104%	$9.5M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.980	+0.055%	$422K	$343K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.030	+0.137%	$8.0M	$3.7M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	61.033	+0.142%	$2.3M	$582K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.030	+0.137%	$36K	$205K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.990	+0.071%	$642	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.990	+0.071%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	60.980	+0.055%	$1.7M	$1.3M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0007%	8h	61.000	+0.088%	$5.4M	$6.0M	50x	as long as short
edgeX DRAMUSDC	+0.0009%	4h	61.029	+0.136%	$148K	$298K	20x	as long as short
Extended DRAM-USDlong	+0.0032%	1h	60.947	long leg	$77K	$196K	10x
BloFin DRAM-USDT	+0.0032%	8h	61.000	+0.088%	$297K	$26K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	60.978	+0.052%	$1K	$30K	5x	as long as short
Binance DRAMUSDT	+0.0034%	8h	60.958	+0.018%	$43.7M	$88.7M	50x	as long as short
MEXC DRAM_USDT	+0.0036%	8h	60.960	+0.022%	$7.7M	$5.7M	100x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.960	+0.022%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.990	+0.071%	$993K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.960	+0.022%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.947	+0.001%	$179K	$480K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.954	+0.012%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.970	+0.038%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.960	+0.022%	$1.1M	$3.5M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	60.960	+0.022%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.999	+0.086%	$73K	$38K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.970	+0.038%	$3.0M	$422K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.040	+0.153%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.980	+0.055%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0101%	8h	60.986	+0.065%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.967	+0.034%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.910	−0.060%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0194%	1h	60.977	+0.050%	$78.9M	$35.9M	20x	as long as short
Lighter DRAM	+0.0352%	1h	61.004	+0.094%	$1.1M	$1.2M	20x	as long as short