Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.99 per $10,000 · paid last 24h —

Price spread now: Phemex against Paradex+0.034%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

The price spread pays, funding is against you. Phemex is 0.034% dearer against Paradex than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DRAM-USD-PERP	60.120	0.0099	pay 0.0099% / 8h	7h 31m	—	—	5x
Short	Phemex DRAMUSDT	60.140	0	get 0.0000% / 8h	7h 31m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Paradex. 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 ParadexbpFee PhemexbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$20.72
Price spread: +0.034% → 0.000%: $3.39
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$33.33
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 1 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 Paradex no order-book sample	—	—	—	—	—
Sell Phemex live order book, 1 min ago	4.15 bp	37.3 bp −$37	doesn't fit	doesn't fit	doesn't fit

Paradex: 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	−0.0617%	8h	60.160	+0.067%	$26.3M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.218	+0.164%	$193K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.144	+0.041%	$75K	$216K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.160	+0.067%	$43.3M	$90.8M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.153	+0.056%	$9.5M	$10.5M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.233	+0.189%	$417K	$345K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.160	+0.067%	$7.8M	$3.7M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.140	+0.034%	$8.3M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.405	+0.475%	$2.3M	$577K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.450	+0.550%	$36K	$210K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.150	+0.051%	$861	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.430	+0.516%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	60.140	+0.034%	$1.7M	$1.3M	10x
OKX DRAM-USDT-SWAP	+0.0002%	8h	60.160	+0.067%	$5.3M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0024%	8h	60.370	+0.416%	$299K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	60.344	+0.373%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.130	+0.017%	$47K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.150	+0.051%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.217	+0.162%	$166K	$489K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.108	−0.019%	$250K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.150	+0.051%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.050	−0.116%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.180	+0.100%	$980K	$86K	10x	as long as short
edgeX DRAMUSDC	+0.0080%	4h	60.409	+0.482%	$146K	$299K	20x	as long as short
Paradex DRAM-USD-PERPlong	+0.0099%	8h	60.120	long leg	—	—	5x
Pacifica DRAM	+0.0100%	1h	60.118	−0.003%	$72K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.110	−0.016%	$2.9M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.420	+0.500%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.230	+0.184%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.203	+0.138%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0145%	1h	60.092	−0.046%	$78.0M	$35.4M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.340	+0.367%	$530K	$87K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0249%	1h	60.100	−0.033%	$12K	$3K	20x	as long as short
Lighter DRAM	+0.0272%	1h	60.132	+0.021%	$1.1M	$1.2M	20x	as long as short