Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h +0.067%

Price spread now: Deribit against Orderly−0.032%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 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—needs both histories

Funding pays, the price is against you. Deribit is 0.032% cheaper against Orderly than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	62.170	0.0100	pay 0.0100% / 8h	3h 51m	$9K	—	10x
Short	Deribit DRAM_USDC-PERPETUAL	62.150	0.0233	get 0.0029% / 1h	51m 43s	$13K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.032%Rate

Funding earned: $27.92
Price spread: −0.032% → 0.000%: −$3.22
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $11.7
Costs to cover: 0.130%
Break-even: 4.1 days

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

Orderly and 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	62.170	0.000%	$438K	$502K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.170	0.000%	$26.1M	$13.4M	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	62.170	0.000%	$1K	$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	62.150	−0.032%	$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	62.182	+0.020%	$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	62.140	−0.048%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.144	−0.042%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.153	−0.027%	$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	+0.0055%	1h	62.165	−0.008%	$160K	$451K	25x	as long as short
OKX DRAM-USDT-SWAP	+0.0073%	8h	62.200	+0.048%	$5.4M	$4.5M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0077%	8h	62.159	−0.017%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.180	+0.016%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.140	−0.048%	$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_mythoslong	+0.0100%	8h	62.170	long leg	$9K	—	10x
Lighter DRAM	+0.0104%	1h	62.169	−0.002%	$1.0M	$1.1M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.163	−0.012%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	−0.097%	$533K	$75K	20x	as long as short
Bybit DRAMUSDT	+0.0112%	8h	62.208	+0.061%	$9.7M	$9.7M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0142%	1h	62.154	−0.026%	$81.4M	$35.4M	20x	as long as short
Aster DRAMUSDT	+0.0198%	8h	62.172	+0.003%	$200K	$35K	20x	as long as short
Deribit DRAM_USDC-PERPETUALshort	+0.0233%	1h	62.150	−0.032%	$13K	$3K	20x
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	+0.0314%	8h	62.165	−0.008%	$44.6M	$80.2M	50x	as long as short
Extended DRAM-USD	+0.0320%	1h	62.145	−0.040%	$76K	$622K	10x	as long as short
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	62.190	+0.032%	$8.1M	$3.5M	75x	as long as short