Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against Pacifica+0.149%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

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

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.149% dearer against Pacifica than usual: you sell high and buy low (spread +0.149% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica DRAM	62.208	0.0100	pay 0.0013% / 1h	25m 31s	$76K	$44K	10x
Short	Phemex DRAMUSDT	62.300	0	get 0.0000% / 8h	6h 25m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. 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 PacificabpFee PhemexbpOrdersPrice spread, now +0.149%Rate

Funding earned: −$21
Price spread: +0.149% → 0.000%: $14.86
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$26.14
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Phemex: live order book, 3 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 Pacifica no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	1.61 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit

Pacifica: 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	62.250	+0.068%	$806	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	+0.020%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	62.300	+0.149%	$1.7M	$1.3M	10x
edgeX DRAMUSDC	+0.0019%	4h	62.251	+0.069%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.222	+0.024%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	+0.036%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.200	−0.012%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.230	+0.036%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.217	+0.015%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.266	+0.094%	$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	62.210	+0.004%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0056%	1h	62.196	−0.019%	$253K	$435K	25x	as long as short
Pacifica DRAMlong	+0.0100%	1h	62.208	long leg	$76K	$44K	10x
KuCoin DRAMUSDTM	+0.0100%	8h	62.230	+0.036%	$3.0M	$405K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.028%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.290	+0.133%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.286	+0.126%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.125%	$534K	$93K	20x	as long as short
Lighter DRAM	+0.0160%	1h	62.238	+0.049%	$966K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0180%	8h	62.246	+0.061%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0228%	8h	62.260	+0.084%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0236%	1h	62.217	+0.015%	$81.9M	$37.0M	20x	as long as short
Bitget DRAMUSDT	+0.0284%	8h	62.250	+0.068%	$26.0M	$13.0M	20x	as long as short
Bybit DRAMUSDT	+0.0346%	8h	62.270	+0.100%	$9.6M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.250	+0.068%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0427%	8h	62.258	+0.080%	$37K	$154K	10x	as long as short
Aster DRAMUSDT	+0.0468%	8h	62.268	+0.097%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0556%	8h	62.285	+0.124%	$2.4M	$756K	—	as long as short
Gate DRAM_USDT	+0.0559%	8h	62.280	+0.116%	$8.2M	$3.5M	75x	as long as short
Extended DRAM-USD	+0.0592%	1h	62.233	+0.041%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0594%	8h	62.250	+0.068%	$44.7M	$82.1M	50x	as long as short
MEXC DRAM_USDT	+0.0594%	8h	62.240	+0.052%	$9.7M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.240	+0.052%	$448K	$504K	20x	as long as short