Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0399%/8h= +43.7% APRpaid last 24h −0.039%

Price spread now: Aster against RISEx+0.038%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.038%, 7d avg −0.007%

Together, before fees−0.200%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Aster is 0.046% dearer against RISEx than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.007%. Mind the row above: over the last 4 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.060% in total (about -6.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	62.258	0	get 0.0000% / 1h	31m 18s	$442K	$506K	20x
Short	Aster DRAMUSDT	62.281	0.0399	get 0.0399% / 8h	5h 31m	$200K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now +0.038%Rate

Funding earned: $83.81
Price spread: +0.038% → −0.007%: $4.56
Slippage, 4 orders: −$17.22
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $57.16
Costs to cover: 0.312%
Break-even: 2.2 days

Slippage from RISEx: live order book, 32 min ago; Aster: live order book, 30 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 RISEx live order book, 32 min ago	1.37 bp	4.4 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit
Sell Aster live order book, 30 min ago	2.41 bp	9.0 bp −$9	12.0 bp −$120	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/USDClong	0.0000%	1h	62.258	long leg	$442K	$506K	20x
SunX DRAM-USDT	0.0000%	8h	62.260	+0.004%	$901	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	−0.028%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.270	+0.020%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	62.244	−0.022%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	−0.044%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.190	−0.108%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.229	−0.046%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.261	+0.006%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.190	−0.108%	$1.2M	$2.1M	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	62.240	−0.028%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0061%	1h	62.205	−0.084%	$253K	$419K	25x	as long as short
edgeX DRAMUSDC	+0.0073%	4h	62.261	+0.005%	$151K	$298K	20x	as long as short
Bitget DRAMUSDT	+0.0086%	8h	62.270	+0.020%	$26.2M	$13.2M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.265	+0.012%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.250	−0.012%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.108%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.270	+0.020%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.276	+0.030%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.251	−0.010%	$967K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0137%	8h	62.252	−0.008%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0168%	8h	62.280	+0.036%	$37K	$157K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0181%	1h	62.245	−0.020%	$81.8M	$37.1M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.349%	$534K	$76K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0195%	8h	62.270	+0.020%	$5.5M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.240	−0.028%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0273%	8h	62.300	+0.068%	$9.7M	$10.1M	100x	as long as short
Aster DRAMUSDTshort	+0.0399%	8h	62.281	+0.038%	$200K	$36K	20x
Variational Omni DRAM	+0.0488%	8h	62.263	+0.009%	$2.4M	$715K	—	as long as short
Binance DRAMUSDT	+0.0520%	8h	62.267	+0.016%	$44.7M	$81.7M	50x	as long as short
Extended DRAM-USD	+0.0520%	1h	62.241	−0.026%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0520%	8h	62.270	+0.020%	$9.2M	$5.6M	100x	as long as short
Gate DRAM_USDT	+0.0547%	8h	62.310	+0.084%	$8.1M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0783%	8h	62.270	+0.020%	$302K	$26K	20x	as long as short