Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.053%

Price spread now: RISEx 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 RISEx

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.032% cheaper against Orderly than usual: you would sell low and buy high (−$3 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	62.330	0.0100	pay 0.0100% / 8h	5h 53m	$9K	—	10x
Short	RISEx DRAM/USDC	62.310	0	get 0.0000% / 1h	53m 01s	$448K	$503K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$21
Price spread: −0.032% → 0.000%: −$3.21
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$36.21
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 10 min ago. 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 RISEx live order book, 10 min ago	1.37 bp	4.4 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit

Orderly: 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
RISEx DRAM/USDCshort	0.0000%	1h	62.310	−0.032%	$448K	$503K	20x
SunX DRAM-USDT	0.0000%	8h	62.300	−0.048%	$743	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.300	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.310	−0.032%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0003%	4h	62.301	−0.046%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0032%	1h	62.249	−0.129%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.280	−0.080%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.260	−0.112%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.286	−0.071%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.294	−0.058%	$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	62.220	−0.176%	$1.2M	$1.9M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.290	−0.064%	$1.0M	$78K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.313	−0.027%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.270	−0.096%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.340	+0.016%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	62.330	long leg	$9K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	62.328	−0.004%	$4K	—	10x	as long as short
Entropy io:DRAM	+0.0105%	1h	62.241	−0.143%	$253K	$421K	25x	as long as short
Bitget DRAMUSDT	+0.0128%	8h	62.310	−0.032%	$26.2M	$13.2M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0152%	8h	62.305	−0.040%	—	—	5x	as long as short
Lighter DRAM	+0.0160%	1h	62.295	−0.056%	$968K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.465%	$534K	$81K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0212%	8h	62.310	−0.032%	$5.5M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.300	−0.048%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0247%	8h	62.320	−0.016%	$37K	$155K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0247%	1h	62.281	−0.079%	$82.2M	$36.9M	20x	as long as short
Bybit DRAMUSDT	+0.0289%	8h	62.350	+0.032%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0434%	8h	62.333	+0.005%	$201K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0518%	8h	62.350	+0.032%	$8.2M	$3.5M	75x	as long as short
Variational Omni DRAM	+0.0519%	8h	62.285	−0.073%	$2.4M	$710K	—	as long as short
Extended DRAM-USD	+0.0552%	1h	62.294	−0.057%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0555%	8h	62.310	−0.032%	$44.8M	$81.5M	50x	as long as short
MEXC DRAM_USDT	+0.0556%	8h	62.300	−0.048%	$9.6M	$5.5M	100x	as long as short