Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.035%

Price spread now: Bybit against Polymarket Perps+0.023%57s7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.303% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.023%, 7d avg +0.093%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.071% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.093%). If the spread goes back, that is −$7 on $10k: about 17 days of funding at the current rate ($0 a day). The two prices were read 57 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	Polymarket Perps DRAM-USD	61.536	0.0050	pay 0.0006% / 1h	9m 33s	$258K	$1.3M	10x
Short	Bybit DRAMUSDT	61.550	0.0064	get 0.0064% / 8h	3h 09m	$9.5M	$9.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now +0.023%Rate

Funding earned: $2.96
Price spread: +0.023% → +0.093%: −$7.05
Slippage, 4 orders: −$11.27
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.37
Costs to cover: 0.303%
Break-even: 88.3 days

Slippage from Polymarket Perps: live order book, 4 min ago; Bybit: live order book, 4 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 Polymarket Perps live order book, 4 min ago	1.78 bp	6.1 bp −$6	7.6 bp −$76	8.7 bp −$875	doesn't fit
Sell Bybit live order book, 4 min ago	0.81 bp	8.0 bp −$8	11.1 bp −$111	100.9 bp −$10.1K	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	61.513	−0.037%	$433K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.550	+0.023%	$26.0M	$13.7M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.760	+0.364%	$37K	$189K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.570	+0.055%	$773	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.680	+0.234%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.570	+0.055%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.662	+0.205%	$1K	$31K	5x	as long as short
edgeX DRAMUSDC	+0.0034%	4h	61.742	+0.334%	$149K	$297K	20x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.520	−0.026%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.600	+0.104%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.530	−0.010%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.573	+0.060%	$170K	$464K	25x	as long as short
Polymarket Perps DRAM-USDlong	+0.0050%	1h	61.536	long leg	$258K	$1.3M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.547	+0.018%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.490	−0.075%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0052%	8h	61.530	−0.010%	$5.4M	$4.6M	50x	as long as short
Bybit DRAMUSDTshort	+0.0064%	8h	61.550	+0.023%	$9.5M	$9.9M	100x
Pacifica DRAM	+0.0100%	1h	61.526	−0.016%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.510	−0.042%	$3.0M	$399K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.730	+0.315%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.560	+0.039%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.548	+0.020%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	61.510	−0.042%	$528K	$74K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0109%	8h	61.527	−0.015%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0131%	1h	61.511	−0.041%	$80.0M	$35.5M	20x	as long as short
Aster DRAMUSDT	+0.0133%	8h	61.512	−0.039%	$198K	$35K	20x	as long as short
Variational Omni DRAM	+0.0190%	8h	61.564	+0.045%	$2.4M	$740K	—	as long as short
Lighter DRAM	+0.0208%	1h	61.544	+0.013%	$1.1M	$1.2M	20x	as long as short
BloFin DRAM-USDT	+0.0210%	8h	61.590	+0.088%	$299K	$26K	20x	as long as short
MEXC DRAM_USDT	+0.0247%	8h	61.530	−0.010%	$9.0M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0248%	8h	61.510	−0.042%	$44.0M	$82.2M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.504	−0.052%	$75K	$239K	10x	as long as short
Gate DRAM_USDT	+0.0358%	8h	61.590	+0.088%	$8.1M	$3.6M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0401%	1h	61.530	−0.010%	$13K	$3K	20x	as long as short