Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h +0.015%

Price spread now: edgeX against Phemex+0.239%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1331.330% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 3 days (all we have)−0.231%−$23 · spread now +0.239%, 7d avg −0.011%

Together, before fees−0.128%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.250% dearer against Phemex than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	62.290	0	get 0.0000% / 8h	7h 34m	$1.8M	$1.3M	10x
Short	edgeX DRAMUSDC	62.439	0.0036	get 0.0018% / 4h	3h 34m	$151K	$296K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.239%Rate

Funding earned: $7.64
Price spread: +0.239% → −0.011%: $24.97
Slippage, 4 orders: −$112.01
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$100.4
Costs to cover: 1.330%
Break-even: 99.0 days

Slippage from Phemex: live order book, 3 min ago; edgeX: live order book, 38 min ago.

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, 3 min ago	3.20 bp	48.1 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 38 min ago	8.08 bp	12.6 bp −$13	19.3 bp −$193	doesn't fit	doesn't fit

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
SunX DRAM-USDT	0.0000%	8h	62.340	+0.080%	$754	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.410	+0.193%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.290	long leg	$1.8M	$1.3M	10x
edgeX DRAMUSDCshort	+0.0036%	4h	62.439	+0.239%	$151K	$296K	20x
Aftermath Perps DRAMUSD	+0.0036%	1h	62.345	+0.088%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.310	+0.032%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.317	+0.043%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.310	+0.032%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.330	+0.064%	$1.1M	$1.8M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.300	+0.016%	$13K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DRAM	+0.0100%	1h	62.383	+0.149%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.290	0.000%	$3.0M	$440K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.430	+0.225%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.370	+0.128%	$9K	—	10x	as long as short
Lighter DRAM	+0.0104%	1h	62.284	−0.010%	$963K	$1.2M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.323	+0.054%	$4K	—	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.330	+0.064%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.594%	$535K	$95K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0212%	8h	62.377	+0.139%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0224%	8h	62.300	+0.016%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0271%	1h	62.261	−0.047%	$81.7M	$39.3M	20x	as long as short
Bybit DRAMUSDT	+0.0365%	8h	62.316	+0.042%	$9.6M	$10.5M	100x	as long as short
Aster DRAMUSDT	+0.0387%	8h	62.280	−0.016%	$200K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0446%	8h	62.290	0.000%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0474%	8h	62.365	+0.121%	$2.4M	$761K	—	as long as short
Extended DRAM-USD	+0.0512%	1h	62.267	−0.036%	$75K	$769K	10x	as long as short
MEXC DRAM_USDT	+0.0514%	8h	62.280	−0.016%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0516%	8h	62.290	0.000%	$44.5M	$81.6M	50x	as long as short
Entropy io:DRAM	+0.0519%	1h	62.341	+0.082%	$254K	$462K	25x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.390	+0.161%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0659%	8h	62.320	+0.048%	$8.3M	$3.4M	75x	as long as short
BloFin DRAM-USDT	+0.0905%	8h	62.390	+0.161%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0987%	8h	62.450	+0.258%	$37K	$157K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.350	+0.096%	$454K	$492K	20x	as long as short