Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h +0.059%

Price spread now: Deribit against GRVT−0.045%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Deribit

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.045% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DRAM_USDT_Perp	62.398	0.0099	pay 0.0099% / 8h	4h 44m	$37K	$165K	10x
Short	Deribit DRAM_USDC-PERPETUAL	62.370	0	get 0.0000% / 1h	44m 57s	$13K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GRVT. 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 GRVTbpFee DeribitbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$20.79
Price spread: −0.045% → 0.000%: −$4.52
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 8 min ago; Deribit: 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 GRVT live order book, 8 min ago	2.40 bp	6.9 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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
RISEx DRAM/USDC	0.0000%	1h	62.391	−0.012%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.390	−0.013%	$793	$2.7M	10x	as long as short
Deribit DRAM_USDC-PERPETUALshort	0.0000%	1h	62.370	−0.045%	$13K	$3K	20x
HTX DRAM-USDT	0.0000%	8h	62.340	−0.093%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.380	−0.029%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	62.351	−0.076%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.384	−0.023%	$969K	$1.0M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	−0.061%	$51K	$79K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.370	−0.045%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.367	−0.050%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.379	−0.031%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.340	−0.093%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.370	−0.045%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0069%	4h	62.383	−0.024%	$151K	$298K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0092%	1h	62.375	−0.037%	$81.8M	$35.6M	20x	as long as short
GRVT DRAM_USDT_Perplong	+0.0099%	8h	62.398	long leg	$37K	$165K	10x
Pacifica DRAM	+0.0100%	1h	62.360	−0.061%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	−0.029%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.380	−0.029%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.400	+0.003%	$9K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0100%	8h	62.386	−0.019%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.400	+0.004%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0105%	8h	62.400	+0.003%	$26.3M	$13.2M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0147%	8h	62.400	+0.003%	$5.5M	$4.4M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.109%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0161%	1h	62.369	−0.047%	$234K	$419K	25x	as long as short
Bybit DRAMUSDT	+0.0206%	8h	62.429	+0.049%	$9.7M	$9.9M	100x	as long as short
Aster DRAMUSDT	+0.0323%	8h	62.400	+0.003%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0405%	8h	62.383	−0.024%	$2.4M	$738K	—	as long as short
Extended DRAM-USD	+0.0440%	1h	62.380	−0.029%	$75K	$636K	10x	as long as short
Binance DRAMUSDT	+0.0442%	8h	62.397	−0.002%	$45.0M	$80.5M	50x	as long as short
MEXC DRAM_USDT	+0.0444%	8h	62.390	−0.013%	$9.2M	$5.4M	100x	as long as short
BloFin DRAM-USDT	+0.0597%	8h	62.370	−0.045%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0605%	8h	62.420	+0.035%	$8.2M	$3.5M	75x	as long as short