Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0428%/8h= +46.8% APRpaid last 24h +0.020%

Price spread now: RISEx against OKX−0.033%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.033%, 7d avg −0.003%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.029% cheaper against OKX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of −0.003%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$13 a day). At the pace of the last 4 days (+0.042% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.042% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	61.440	0.0172	pay 0.0172% / 8h	5h 48m	$5.5M	$6.7M	50x
Short	RISEx DRAM/USDC	61.420	0.0600	get 0.0075% / 1h	48m 46s	$462K	$369K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.033%Rate

Funding earned: $89.84
Price spread: −0.033% → −0.003%: −$2.94
Slippage, 4 orders: −$7.43
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $63.48
Costs to cover: 0.234%
Break-even: 2.1 days

Slippage from OKX: live order book, 2 min ago; RISEx: live order book, 62 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, 2 min ago	0.81 bp	7.9 bp −$8	15.1 bp −$151	63.0 bp −$6,301	doesn't fit
Sell RISEx live order book, 62 min ago	1.32 bp	4.3 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.437	−0.005%	$9.6M	$11.3M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.430	−0.016%	$26.8M	$17.0M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.450	+0.016%	$910	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.400	−0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.460	+0.033%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.402	−0.062%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.360	−0.130%	$60K	$81K	10x	as long as short
edgeX DRAMUSDC	+0.0042%	4h	61.465	+0.040%	$149K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.460	+0.033%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.452	+0.020%	$256K	$1.3M	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	61.469	+0.047%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.380	−0.098%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.500	+0.098%	$1.0M	$98K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0076%	1h	61.460	+0.033%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0088%	1h	61.404	−0.059%	$1.1M	$1.4M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.431	−0.014%	$74K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.390	−0.081%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.500	+0.098%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.470	+0.049%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.467	+0.043%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0105%	1h	61.397	−0.070%	$79.7M	$38.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0127%	8h	61.396	−0.072%	—	—	5x	as long as short
Gate DRAM_USDT	+0.0129%	8h	61.460	+0.033%	$8.0M	$3.8M	75x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0172%	8h	61.440	long leg	$5.5M	$6.7M	50x
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.330	−0.179%	$537K	$91K	20x	as long as short
Aster DRAMUSDT	+0.0235%	8h	61.423	−0.028%	$196K	$28K	20x	as long as short
Variational Omni DRAM	+0.0278%	8h	61.459	+0.031%	$2.2M	$689K	—	as long as short
Binance DRAMUSDT	+0.0332%	8h	61.429	−0.017%	$44.6M	$97.8M	50x	as long as short
MEXC DRAM_USDT	+0.0334%	8h	61.420	−0.033%	$9.0M	$5.4M	100x	as long as short
Extended DRAM-USD	+0.0336%	1h	61.409	−0.050%	$100K	$295K	10x	as long as short
BloFin DRAM-USDT	+0.0441%	8h	61.480	+0.065%	$306K	$27K	20x	as long as short
RISEx DRAM/USDCshort	+0.0600%	1h	61.420	−0.033%	$462K	$369K	20x
GRVT DRAM_USDT_Perp	+0.0779%	8h	61.473	+0.054%	$37K	$220K	10x	as long as short
Entropy io:DRAM	+0.0808%	1h	61.359	−0.132%	$321K	$1.7M	25x	as long as short