Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex−0.115%45s7-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 Vest

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.115% cheaper against Phemex than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 8.4 days of funding at the current rate (+$1 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.010	0	get 0.0000% / 8h	2h 27m	$1.7M	$1.3M	10x
Short	Vest DRAM-USD-PERP	60.940	0.0046	get 0.0006% / 1h	27m 27s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.115%Rate

Funding earned: $9.59
Price spread: −0.115% → 0.000%: −$11.47
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$15.88
Costs to cover: 0.140%
Break-even: 18.6 days

Slippage unknown: Phemex: live order book, 1 min ago; Vest: 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, 1 min ago	1.64 bp	58.5 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Bitget DRAMUSDT	−0.0385%	8h	60.960	−0.082%	$25.7M	$14.0M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.913	−0.159%	$422K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.140	+0.213%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.940	−0.115%	$750	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	60.910	−0.164%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.950	−0.098%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.010	long leg	$1.7M	$1.3M	10x
Bybit DRAMUSDT	+0.0014%	8h	60.936	−0.121%	$9.4M	$10.1M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.076	+0.108%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0033%	8h	60.960	−0.082%	$5.4M	$5.3M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.030	+0.033%	$48K	$75K	10x	as long as short
Vest DRAM-USD-PERPshort	+0.0046%	1h	60.940	−0.115%	—	—	10x
QFEX DRAM-USD	+0.0050%	1h	60.910	−0.164%	$992K	$84K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.013	+0.005%	$168K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.905	−0.172%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.958	−0.085%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.870	−0.229%	$1.1M	$3.1M	10x	as long as short
Aster DRAMUSDT	+0.0062%	8h	60.950	−0.098%	$196K	$35K	20x	as long as short
edgeX DRAMUSDC	+0.0071%	4h	61.119	+0.178%	$148K	$297K	20x	as long as short
Gate DRAM_USDT	+0.0086%	8h	60.990	−0.033%	$8.0M	$3.7M	75x	as long as short
Paradex DRAM-USD-PERP	+0.0100%	8h	60.946	−0.104%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.948	−0.102%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.910	−0.164%	$3.0M	$405K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.070	+0.098%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.920	−0.148%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.944	−0.109%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0122%	8h	61.116	+0.173%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0125%	1h	60.906	−0.170%	$78.9M	$35.9M	20x	as long as short
BloFin DRAM-USDT	+0.0147%	8h	61.160	+0.246%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0171%	8h	60.934	−0.125%	$43.6M	$85.3M	50x	as long as short
MEXC DRAM_USDT	+0.0172%	8h	60.920	−0.148%	$8.0M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0176%	1h	60.905	−0.172%	$76K	$191K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.060	+0.082%	$524K	$74K	20x	as long as short
Lighter DRAM	+0.0200%	1h	60.926	−0.138%	$1.1M	$1.2M	20x	as long as short