Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Phemex−0.053%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1311.310% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.053%, 7d avg −0.045%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, 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	60.930	0	get 0.0000% / 8h	6h 18m	$1.7M	$1.3M	10x
Short	Polymarket Perps DRAM-USD	60.898	0.0050	get 0.0006% / 1h	18m 51s	$253K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.053%Rate

Funding earned: $10.5
Price spread: −0.053% → −0.045%: −$0.75
Slippage, 4 orders: −$110.97
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$121.22
Costs to cover: 1.310%
Break-even: 87.8 days

Slippage from Phemex: live order book, 2 min ago; Polymarket Perps: live order book, 3 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, 2 min ago	4.92 bp	56.6 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.97 bp	7.7 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit

DRAM on 34 exchanges

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	−0.0056%	8h	60.930	0.000%	$26.6M	$15.9M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.920	−0.016%	$648	$2.4M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	60.890	−0.066%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.900	−0.049%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	60.930	long leg	$1.7M	$1.3M	10x
Bybit DRAMUSDT	+0.0011%	8h	60.944	+0.023%	$9.5M	$10.9M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	60.905	−0.042%	$1K	$28K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.860	−0.115%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0048%	1h	60.900	−0.049%	$993K	$97K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.912	−0.030%	$452K	$1.6M	25x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USDshort	+0.0050%	1h	60.898	−0.053%	$253K	$1.3M	10x
SoDEX DRAM-USD	+0.0050%	1h	60.914	−0.026%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.870	−0.098%	$1.1M	$3.5M	10x	as long as short
edgeX DRAMUSDC	+0.0086%	4h	60.929	−0.001%	$148K	$299K	20x	as long as short
Lighter DRAM	+0.0096%	1h	60.918	−0.020%	$1.1M	$1.4M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.870	−0.098%	$73K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.890	−0.066%	$3.0M	$413K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.960	+0.049%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.920	−0.016%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0102%	8h	60.910	−0.033%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.918	−0.020%	$4K	—	10x	as long as short
RISEx DRAM/USDC	+0.0107%	1h	60.914	−0.026%	$461K	$369K	20x	as long as short
Aster DRAMUSDT	+0.0130%	8h	60.884	−0.075%	$194K	$28K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0133%	8h	60.920	−0.016%	$5.5M	$6.5M	50x	as long as short
Gate DRAM_USDT	+0.0139%	8h	60.940	+0.016%	$7.9M	$3.7M	75x	as long as short
tradeXYZ xyz:DRAM	+0.0154%	1h	60.908	−0.036%	$79.1M	$37.1M	20x	as long as short
Variational Omni DRAM	+0.0167%	8h	60.923	−0.012%	$2.2M	$666K	—	as long as short
MEXC DRAM_USDT	+0.0221%	8h	60.910	−0.033%	$8.8M	$5.5M	100x	as long as short
Binance DRAMUSDT	+0.0223%	8h	60.920	−0.016%	$44.3M	$94.3M	50x	as long as short
Extended DRAM-USD	+0.0224%	1h	60.901	−0.047%	$99K	$298K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0280%	1h	60.850	−0.131%	$533K	$87K	20x	as long as short
BloFin DRAM-USDT	+0.0530%	8h	60.940	+0.016%	$305K	$26K	20x	as long as short
Arcus DRAM-USD	+0.0540%	1h	60.870	−0.098%	$60K	$76K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0743%	8h	60.932	+0.003%	$36K	$214K	10x	as long as short