Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0154%/8h= +16.9% APRnext payment +$1.54 per $10,000 · paid last 24h —

Price spread now: Paradex against Phemex−0.004%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 Paradex

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 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	62.310	0	get 0.0000% / 8h	5h 55m	$1.7M	$1.3M	10x
Short	Paradex DRAM-USD-PERP	62.308	0.0154	get 0.0154% / 8h	5h 55m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.004%Rate

Funding earned: $32.43
Price spread: −0.004% → 0.000%: −$0.39
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $16.04
Costs to cover: 0.160%
Break-even: 3.5 days

Slippage unknown: Phemex: live order book, 2 min ago; Paradex: 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	0.80 bp	42.1 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 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
RISEx DRAM/USDC	0.0000%	1h	62.310	+0.001%	$448K	$505K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.310	0.000%	$603	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.300	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.310	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0032%	1h	62.207	−0.166%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.250	−0.096%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.250	−0.096%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.288	−0.035%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.315	+0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.270	−0.064%	$1.2M	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.300	−0.016%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0057%	4h	62.231	−0.126%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.327	+0.028%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.260	−0.080%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.193%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.330	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.332	+0.036%	$4K	—	10x	as long as short
Entropy io:DRAM	+0.0117%	1h	62.225	−0.136%	$253K	$427K	25x	as long as short
Bitget DRAMUSDT	+0.0119%	8h	62.320	+0.016%	$26.2M	$13.1M	20x	as long as short
Paradex DRAM-USD-PERPshort	+0.0154%	8h	62.308	−0.004%	—	—	5x
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.433%	$534K	$81K	20x	as long as short
Lighter DRAM	+0.0192%	1h	62.289	−0.034%	$968K	$1.0M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0215%	8h	62.320	+0.016%	$5.5M	$4.5M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0243%	8h	62.210	−0.160%	$36K	$155K	10x	as long as short
Bybit DRAMUSDT	+0.0286%	8h	62.356	+0.074%	$9.7M	$10.0M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0294%	1h	62.282	−0.045%	$82.2M	$37.0M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.280	−0.048%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0436%	8h	62.329	+0.030%	$200K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0505%	8h	62.350	+0.064%	$8.2M	$3.5M	75x	as long as short
Variational Omni DRAM	+0.0519%	8h	62.285	−0.041%	$2.4M	$710K	—	as long as short
Binance DRAMUSDT	+0.0557%	8h	62.303	−0.012%	$44.7M	$81.6M	50x	as long as short
MEXC DRAM_USDT	+0.0558%	8h	62.300	−0.016%	$9.6M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0560%	1h	62.295	−0.024%	$75K	$669K	10x	as long as short