Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.053%

Price spread now: Arcus against Orderly−0.064%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 Arcus

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 Arcus is 0.064% cheaper against Orderly than usual: you would sell low and buy high (−$6 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	62.270	0.0100	pay 0.0100% / 8h	6h 23m	$9K	—	10x
Short	Arcus DRAM-USD	62.230	0.0040	get 0.0005% / 1h	23m 02s	$51K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$12.54
Price spread: −0.064% → 0.000%: −$6.42
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$29.47
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Arcus: 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 Arcus no order-book sample	—	—	—	—	—

Orderly and Arcus: 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 33 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
SunX DRAM-USDT	0.0000%	8h	62.220	−0.080%	$791	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.230	−0.064%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0019%	4h	62.251	−0.031%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.213	−0.092%	$1K	$34K	5x	as long as short
Arcus DRAM-USDshort	+0.0040%	1h	62.230	−0.064%	$51K	$81K	10x
Vest DRAM-USD-PERP	+0.0046%	1h	62.190	−0.128%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.210	−0.096%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.212	−0.093%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.227	−0.069%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.170	−0.161%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0058%	1h	62.193	−0.124%	$253K	$430K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.193	−0.124%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	−0.080%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.250	−0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	62.270	long leg	$9K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	62.251	−0.031%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.225%	$534K	$93K	20x	as long as short
Lighter DRAM	+0.0160%	1h	62.211	−0.095%	$967K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0179%	8h	62.224	−0.074%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0228%	8h	62.240	−0.048%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0233%	1h	62.215	−0.088%	$81.9M	$36.7M	20x	as long as short
Bitget DRAMUSDT	+0.0275%	8h	62.240	−0.048%	$26.0M	$12.9M	20x	as long as short
Bybit DRAMUSDT	+0.0344%	8h	62.270	0.000%	$9.6M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.220	−0.080%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0412%	8h	62.270	0.000%	$37K	$154K	10x	as long as short
Aster DRAMUSDT	+0.0467%	8h	62.253	−0.027%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0556%	8h	62.285	+0.024%	$2.4M	$756K	—	as long as short
Gate DRAM_USDT	+0.0566%	8h	62.270	0.000%	$8.2M	$3.5M	75x	as long as short
Extended DRAM-USD	+0.0592%	1h	62.214	−0.091%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0592%	8h	62.230	−0.064%	$44.7M	$81.8M	50x	as long as short
MEXC DRAM_USDT	+0.0593%	8h	62.230	−0.064%	$9.7M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.230	−0.064%	$448K	$504K	20x	as long as short