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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Phemex+0.032%7-day average −0.007% · you sell dearer than you buy

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

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.032%, 7d avg −0.007%

Together, before fees−0.015%−$2 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: SunX is 0.039% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	62.370	0	get 0.0000% / 8h	5h 09m	$1.7M	$1.3M	10x
Short	SunX DRAM-USDT	62.390	0	get 0.0000% / 8h	5h 09m	$893	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.007%: $3.88
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.12
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; SunX: live order book, 8 min ago. 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, 4 min ago	4.01 bp	44.6 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	45.68 bp	doesn't fit	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	62.370	0.000%	$443K	$501K	20x	as long as short
SunX DRAM-USDTshort	0.0000%	8h	62.390	+0.032%	$893	$2.7M	10x
HTX DRAM-USDT	0.0000%	8h	62.360	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.370	long leg	$1.7M	$1.3M	10x
edgeX DRAMUSDC	+0.0014%	4h	62.360	−0.017%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	62.338	−0.052%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.350	−0.032%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.330	−0.064%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.346	−0.038%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.361	−0.014%	$2K	$15K	20x	as long as short

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	62.300	−0.112%	$1.1M	$2.1M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.350	−0.032%	$1.0M	$78K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.360	−0.016%	$13K	$3K	20x	as long as short
Entropy io:DRAM	+0.0088%	1h	62.330	−0.064%	$246K	$413K	25x	as long as short
Bitget DRAMUSDT	+0.0091%	8h	62.380	+0.016%	$26.3M	$13.2M	20x	as long as short
Lighter DRAM	+0.0096%	1h	62.361	−0.014%	$969K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.333	−0.060%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.360	−0.016%	$3.0M	$389K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.340	−0.048%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.380	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.386	+0.026%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0119%	8h	62.368	−0.004%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0131%	8h	62.386	+0.026%	$37K	$162K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0173%	8h	62.380	+0.016%	$5.5M	$4.4M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0174%	1h	62.346	−0.038%	$81.8M	$36.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.529%	$534K	$74K	20x	as long as short
Bybit DRAMUSDT	+0.0241%	8h	62.415	+0.072%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0366%	8h	62.392	+0.036%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0449%	8h	62.353	−0.028%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0485%	8h	62.377	+0.011%	$44.9M	$81.0M	50x	as long as short
MEXC DRAM_USDT	+0.0486%	8h	62.360	−0.016%	$9.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0488%	1h	62.361	−0.015%	$76K	$637K	10x	as long as short
Gate DRAM_USDT	+0.0556%	8h	62.420	+0.080%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0700%	8h	62.390	+0.032%	$301K	$26K	20x	as long as short