Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.089%

Price spread now: Deribit against Phemex0.000%7-day average — · you sell dearer than you buy

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

Long on Phemex 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.570	0	get 0.0000% / 8h	2h 09m	$1.8M	$1.3M	10x
Short	Deribit DRAM_USDC-PERPETUAL	61.570	0.0075	get 0.0009% / 1h	9m 46s	$13K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phemex. 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 PhemexbpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $15.74
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$3.26
Costs to cover: 0.190%
Break-even: 8.5 days

Slippage unknown: Phemex: live order book, 4 min ago; 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 Phemex live order book, 4 min ago	4.06 bp	46.5 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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
Gate DRAM_USDT	0.0000%	8h	61.590	+0.032%	$8.2M	$3.6M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.570	0.000%	$613	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.530	−0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.570	long leg	$1.8M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0032%	1h	61.565	−0.008%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.540	−0.049%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.552	−0.029%	$251K	$506K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.550	−0.032%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.559	−0.018%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.500	−0.114%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0052%	8h	61.600	+0.049%	$5.4M	$4.9M	50x	as long as short
edgeX DRAMUSDC	+0.0053%	4h	61.603	+0.054%	$152K	$291K	20x	as long as short
Deribit DRAM_USDC-PERPETUALshort	+0.0075%	1h	61.570	0.000%	$13K	$9K	20x
QFEX DRAM-USD	+0.0080%	1h	61.560	−0.016%	$1.0M	$77K	10x	as long as short
Bitget DRAMUSDT	+0.0088%	8h	61.570	0.000%	$25.9M	$12.6M	20x	as long as short
Aster DRAMUSDT	+0.0097%	8h	61.570	0.000%	$201K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.585	+0.025%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.550	−0.032%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.580	+0.016%	$22K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.560	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.572	+0.003%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0121%	1h	61.560	−0.016%	$78.9M	$39.7M	20x	as long as short
Bybit DRAMUSDT	+0.0133%	8h	61.610	+0.065%	$9.2M	$10.3M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0135%	8h	61.572	+0.003%	—	—	5x	as long as short
Lighter DRAM	+0.0152%	1h	61.569	−0.002%	$990K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0171%	8h	61.578	+0.013%	$36K	$189K	10x	as long as short
Variational Omni DRAM	+0.0178%	8h	61.573	+0.006%	$2.4M	$978K	—	as long as short
BloFin DRAM-USDT	+0.0208%	8h	61.600	+0.049%	$295K	$26K	20x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.563	−0.011%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0228%	8h	61.570	0.000%	$43.7M	$82.9M	50x	as long as short
MEXC DRAM_USDT	+0.0229%	8h	61.570	0.000%	$11.1M	$6.4M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.580	+0.016%	$510K	$44K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.575	+0.009%	$474K	$440K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.550	−0.032%	$50K	$94K	10x	as long as short