Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0174%/8h= +19.0% APRpaid last 24h +0.050%

Price spread now: tradeXYZ against Phemex−0.040%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1051.049% of the position

Long on Phemex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.040%, 7d avg −0.043%

Together, before fees+0.278%+ Points / potential airdroptradeXYZ: Active · farm board+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.043%, 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	62.410	0	get 0.0000% / 8h	5h 02m	$1.7M	$1.3M	10x
Short	tradeXYZ xyz:DRAM	62.385	0.0174	get 0.0022% / 1h	2m 04s	$81.9M	$36.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.040%Rate

Funding earned: $36.51
Price spread: −0.040% → −0.043%: $0.32
Slippage, 4 orders: −$74.87
Fee Phemex: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$68.03
Costs to cover: 1.049%
Break-even: 20.0 days

Slippage from Phemex: live order book, 1 min ago; tradeXYZ: live order book, 8 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, 1 min ago	1.60 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.56 bp	9.7 bp −$10	11.9 bp −$119	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	62.400	−0.016%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.390	−0.032%	$747	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.370	−0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.410	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0027%	1h	62.361	−0.078%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.370	−0.064%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.350	−0.096%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.371	−0.062%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.396	−0.022%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.350	−0.096%	$1.1M	$2.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.380	−0.048%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0060%	4h	62.403	−0.011%	$151K	$298K	20x	as long as short
Entropy io:DRAM	+0.0094%	1h	62.357	−0.085%	$246K	$413K	25x	as long as short
Lighter DRAM	+0.0096%	1h	62.395	−0.024%	$970K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.357	−0.084%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	−0.048%	$3.0M	$389K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.440	+0.048%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.410	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.409	−0.001%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0105%	8h	62.420	+0.016%	$26.3M	$13.2M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0117%	8h	62.388	−0.036%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0127%	8h	62.412	+0.003%	$37K	$163K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0167%	8h	62.430	+0.032%	$5.5M	$4.4M	50x	as long as short
tradeXYZ xyz:DRAMshort	+0.0174%	1h	62.385	−0.040%	$81.9M	$36.0M	20x
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.593%	$534K	$74K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.390	−0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0243%	8h	62.441	+0.050%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0359%	8h	62.428	+0.028%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0441%	8h	62.393	−0.028%	$2.4M	$717K	—	as long as short
Extended DRAM-USD	+0.0472%	1h	62.398	−0.019%	$76K	$637K	10x	as long as short
Binance DRAMUSDT	+0.0475%	8h	62.411	+0.002%	$44.9M	$80.8M	50x	as long as short
MEXC DRAM_USDT	+0.0476%	8h	62.400	−0.016%	$9.3M	$5.6M	100x	as long as short
Gate DRAM_USDT	+0.0576%	8h	62.440	+0.048%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0684%	8h	62.400	−0.016%	$302K	$26K	20x	as long as short