Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Phemex−0.021%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.021% cheaper against Phemex than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 33 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	62.420	0	get 0.0000% / 8h	5h 04m	$1.7M	$1.3M	10x
Short	SoDEX DRAM-USD	62.407	0.0050	get 0.0006% / 1h	4m 55s	$2K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $10.5
Price spread: −0.021% → 0.000%: −$2.08
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.58
Costs to cover: 0.200%
Break-even: 14.7 days

Slippage unknown: Phemex: live order book, 3 min ago; SoDEX: 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, 3 min ago	2.40 bp	42.3 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
RISEx DRAM/USDC	0.0000%	1h	62.410	−0.016%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.410	−0.016%	$829	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.390	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.420	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0028%	1h	62.355	−0.104%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	−0.096%	$51K	$80K	10x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	62.379	−0.066%	$151K	$297K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.350	−0.112%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.390	−0.048%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USDshort	+0.0050%	1h	62.407	−0.021%	$2K	$15K	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.330	−0.144%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.390	−0.048%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0092%	1h	62.340	−0.128%	$246K	$413K	25x	as long as short
Lighter DRAM	+0.0096%	1h	62.407	−0.021%	$970K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.336	−0.135%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	−0.064%	$3.0M	$389K	20x	as long as short
Bitget DRAMUSDT	+0.0100%	8h	62.420	0.000%	$26.3M	$13.2M	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.330	−0.144%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.410	−0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.422	+0.002%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0120%	8h	62.388	−0.051%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0126%	8h	62.387	−0.053%	$36K	$162K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0173%	8h	62.410	−0.016%	$5.5M	$4.4M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0178%	1h	62.384	−0.058%	$81.9M	$36.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.609%	$534K	$74K	20x	as long as short
Bybit DRAMUSDT	+0.0246%	8h	62.430	+0.016%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0361%	8h	62.422	+0.004%	$201K	$36K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.410	−0.016%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0441%	8h	62.393	−0.044%	$2.4M	$717K	—	as long as short
MEXC DRAM_USDT	+0.0479%	8h	62.410	−0.016%	$9.2M	$5.6M	100x	as long as short
Binance DRAMUSDT	+0.0480%	8h	62.420	0.000%	$45.0M	$80.9M	50x	as long as short
Extended DRAM-USD	+0.0480%	1h	62.404	−0.026%	$76K	$637K	10x	as long as short
Gate DRAM_USDT	+0.0569%	8h	62.450	+0.048%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0696%	8h	62.380	−0.064%	$302K	$26K	20x	as long as short