Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.006%

Price spread now: Aftermath Perps against Orderly−0.128%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aftermath Perps is 0.128% cheaper against Orderly than usual: you would sell low and buy high (−$13 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	Orderly PERP_DRAM_USDC_mythos	61.240	0.0100	pay 0.0100% / 8h	2h 17m	$8K	—	10x
Short	Aftermath Perps DRAMUSD	61.162	0.0025	get 0.0003% / 1h	17m 59s	$1K	$31K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Orderly. 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 OrderlybpFee Aftermath PerpsbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$15.74
Price spread: −0.128% → 0.000%: −$12.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$43.52
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aftermath Perps: 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 Orderly no order-book sample	—	—	—	—	—
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Orderly and Aftermath Perps: 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
Bitget DRAMUSDT	−0.0498%	8h	61.270	+0.049%	$25.9M	$14.1M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.215	−0.041%	$424K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.112	−0.209%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.250	+0.016%	$925	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.160	−0.131%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.270	+0.049%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0005%	8h	61.265	+0.041%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSDshort	+0.0025%	1h	61.162	−0.128%	$1K	$31K	5x
Gate DRAM_USDT	+0.0033%	8h	61.310	+0.114%	$8.0M	$3.7M	75x	as long as short
OKX DRAM-USDT-SWAP	+0.0040%	8h	61.230	−0.016%	$5.4M	$5.6M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.160	−0.131%	$48K	$69K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.210	−0.049%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.220	−0.033%	$997K	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.216	−0.039%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.241	+0.002%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.130	−0.180%	$1.1M	$3.3M	10x	as long as short
edgeX DRAMUSDC	+0.0063%	4h	61.153	−0.142%	$148K	$298K	20x	as long as short
Aster DRAMUSDT	+0.0064%	8h	61.257	+0.028%	$197K	$35K	20x	as long as short
Entropy io:DRAM	+0.0069%	1h	61.147	−0.152%	$169K	$469K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.174	−0.107%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.210	−0.049%	$3.0M	$409K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.070	−0.278%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.240	long leg	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.250	+0.016%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0106%	8h	61.191	−0.080%	—	—	5x	as long as short
Variational Omni DRAM	+0.0110%	8h	61.134	−0.173%	$2.3M	$675K	—	as long as short
tradeXYZ xyz:DRAM	+0.0139%	1h	61.189	−0.083%	$79.2M	$36.1M	20x	as long as short
BloFin DRAM-USDT	+0.0150%	8h	61.220	−0.033%	$301K	$26K	20x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.241	+0.002%	$76K	$188K	10x	as long as short
MEXC DRAM_USDT	+0.0171%	8h	61.250	+0.016%	$8.1M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0171%	8h	61.220	−0.033%	$43.8M	$86.2M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.212%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.260	+0.033%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0567%	1h	61.250	+0.016%	$13K	$3K	20x	as long as short