Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.042%

Price spread now: RISEx against Phemex−0.024%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$1061.060% of the position

Long on Phemex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.128%+$13 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.024%, 7d avg −0.002%

Together, before fees+0.184%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.022% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	60.980	0	get 0.0000% / 8h	35m 58s	$1.7M	$1.3M	10x
Short	RISEx DRAM/USDC	60.965	0	get 0.0000% / 1h	35m 58s	$422K	$341K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.002%: −$2.19
Slippage, 4 orders: −$87.98
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$108.17
Costs to cover: 1.060%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; RISEx: live order book, 2 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	2.46 bp	53.7 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.08 bp	3.1 bp −$3	3.9 bp −$39	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
Bitget DRAMUSDT	−0.0744%	8h	61.030	+0.082%	$26.4M	$15.0M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.951	−0.047%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.018	+0.062%	$9.6M	$10.4M	100x	as long as short
RISEx DRAM/USDCshort	0.0000%	1h	60.965	−0.024%	$422K	$341K	20x
Gate DRAM_USDT	0.0000%	8h	61.020	+0.066%	$8.0M	$3.7M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	61.033	+0.087%	$2.3M	$582K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.996	+0.026%	$36K	$205K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.980	0.000%	$874	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.960	−0.033%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	60.980	long leg	$1.7M	$1.3M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0010%	8h	61.000	+0.033%	$5.4M	$6.0M	50x	as long as short
BloFin DRAM-USDT	+0.0028%	8h	61.000	+0.033%	$297K	$26K	20x	as long as short
Extended DRAM-USD	+0.0032%	1h	60.973	−0.011%	$77K	$196K	10x	as long as short
MEXC DRAM_USDT	+0.0032%	8h	60.970	−0.016%	$7.7M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0032%	8h	60.970	−0.016%	$43.7M	$88.7M	50x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	60.987	+0.011%	$1K	$30K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.950	−0.049%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.960	−0.033%	$993K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.940	−0.066%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.929	−0.084%	$179K	$480K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.956	−0.039%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.973	−0.011%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.890	−0.148%	$1.1M	$3.5M	10x	as long as short
edgeX DRAMUSDC	+0.0070%	4h	60.968	−0.019%	$148K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.986	+0.010%	$73K	$38K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.950	−0.049%	$3.0M	$422K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.040	+0.098%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.970	−0.016%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0101%	8h	60.963	−0.028%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.965	−0.024%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.910	−0.115%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0201%	1h	60.953	−0.044%	$78.8M	$35.9M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0242%	1h	60.960	−0.033%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0368%	1h	60.989	+0.015%	$1.1M	$1.2M	20x	as long as short