Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0246%/8h= +26.9% APRpaid last 24h +0.019%

Price spread now: Extended against OKX−0.025%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.025%, 7d avg −0.034%

Together, before fees+0.022%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% 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	OKX DRAM-USDT-SWAP	62.170	0.0074	pay 0.0074% / 8h	3h 52m	$5.4M	$4.5M	50x
Short	Extended DRAM-USD	62.155	0.0320	get 0.0040% / 1h	52m 34s	$76K	$622K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.025%Rate

Funding earned: $51.66
Price spread: −0.025% → −0.034%: $0.91
Slippage, 4 orders: −$7.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $29.64
Costs to cover: 0.229%
Break-even: 3.0 days

Slippage from OKX: live order book, 5 min ago; Extended: live order book, 65 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 OKX live order book, 5 min ago	0.80 bp	7.2 bp −$7	15.7 bp −$157	97.8 bp −$9,779	doesn't fit
Sell Extended live order book, 65 min ago	0.48 bp	3.3 bp −$3	6.3 bp −$63	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
RISEx DRAM/USDC	0.0000%	1h	62.170	0.000%	$438K	$502K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.170	0.000%	$26.1M	$13.3M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.241	+0.114%	$36K	$178K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.200	+0.048%	$964	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.190	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.200	+0.048%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0011%	4h	62.186	+0.026%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.195	+0.040%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.160	−0.016%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.180	+0.016%	$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	62.150	−0.032%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.167	−0.005%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.189	+0.031%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.180	+0.016%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAM	+0.0052%	1h	62.184	+0.023%	$160K	$451K	25x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0074%	8h	62.170	long leg	$5.4M	$4.5M	50x
Paradex DRAM-USD-PERP	+0.0078%	8h	62.154	−0.026%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.179	+0.015%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.150	−0.032%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.260	+0.145%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.200	+0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.202	+0.051%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.330	+0.257%	$535K	$75K	20x	as long as short
Bybit DRAMUSDT	+0.0111%	8h	62.210	+0.064%	$9.7M	$9.7M	100x	as long as short
Lighter DRAM	+0.0112%	1h	62.161	−0.014%	$1.0M	$1.1M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0148%	1h	62.146	−0.039%	$81.4M	$35.4M	20x	as long as short
Aster DRAMUSDT	+0.0202%	8h	62.207	+0.060%	$200K	$35K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.170	0.000%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0276%	8h	62.194	+0.039%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0298%	8h	62.180	+0.016%	$301K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0317%	8h	62.169	−0.002%	$44.6M	$80.2M	50x	as long as short
Extended DRAM-USDshort	+0.0320%	1h	62.155	−0.025%	$76K	$622K	10x
MEXC DRAM_USDT	+0.0320%	8h	62.160	−0.016%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0591%	8h	62.200	+0.048%	$8.1M	$3.5M	75x	as long as short