Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Phemex−0.026%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 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

Funding pays, the price is against you. Pacifica is 0.026% cheaper against Phemex than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	60.790	0	get 0.0000% / 8h	7h 56m	$1.7M	$1.3M	10x
Short	Pacifica DRAM	60.774	0.0100	get 0.0013% / 1h	56m 28s	$73K	$34K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.026%Rate

Funding earned: $21
Price spread: −0.026% → 0.000%: −$2.63
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$1.63
Costs to cover: 0.200%
Break-even: 7.5 days

Slippage unknown: Phemex: live order book, 2 min ago; Pacifica: 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, 2 min ago	3.29 bp	64.8 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

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 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	−0.0751%	8h	60.760	−0.049%	$26.5M	$15.2M	20x	as long as short
Entropy io:DRAM	−0.0425%	1h	60.769	−0.035%	$178K	$480K	25x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.805	+0.024%	$195K	$39K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.763	−0.044%	$421K	$339K	20x	as long as short
Variational Omni DRAM	0.0000%	8h	60.847	+0.093%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.840	+0.082%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.780	−0.016%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.870	+0.132%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	60.790	long leg	$1.7M	$1.3M	10x
Binance DRAMUSDT	+0.0008%	8h	60.765	−0.042%	$43.7M	$89.1M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DRAM-USD	+0.0008%	1h	60.747	−0.071%	$74K	$198K	10x	as long as short
MEXC DRAM_USDT	+0.0009%	8h	60.750	−0.066%	$8.4M	$5.4M	100x	as long as short
OKX DRAM-USDT-SWAP	+0.0012%	8h	60.750	−0.066%	$5.4M	$6.0M	50x	as long as short
Gate DRAM_USDT	+0.0013%	8h	60.770	−0.033%	$7.9M	$3.6M	75x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	60.780	−0.016%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.740	−0.082%	$47K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.850	+0.099%	—	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0050%	1h	60.728	−0.102%	$78.7M	$35.9M	20x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.719	−0.117%	$252K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.784	−0.010%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.720	−0.115%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.810	+0.033%	$991K	$84K	10x	as long as short
BloFin DRAM-USDT	+0.0055%	8h	60.790	0.000%	$300K	$26K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0098%	8h	60.736	−0.088%	—	—	5x	as long as short
edgeX DRAMUSDC	+0.0099%	4h	60.817	+0.044%	$147K	$298K	20x	as long as short
Pacifica DRAMshort	+0.0100%	1h	60.774	−0.026%	$73K	$34K	10x
KuCoin DRAMUSDTM	+0.0100%	8h	60.830	+0.066%	$3.0M	$409K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.820	+0.049%	$21K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.770	−0.033%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.753	−0.061%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0151%	8h	60.780	−0.016%	$9.6M	$10.4M	100x	as long as short
Lighter DRAM	+0.0240%	1h	60.759	−0.051%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0244%	1h	60.780	−0.016%	$13K	$3K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.750	−0.066%	$521K	$75K	20x	as long as short