Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h +0.033%

Price spread now: BloFin against RISEx+0.010%7-day average +0.005% · 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−$28as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.010%, 7d avg +0.005%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.012% in total (about 1.2% 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	61.884	0	get 0.0000% / 1h	20m 59s	$435K	$500K	20x
Short	BloFin DRAM-USDT	61.890	0.0245	get 0.0245% / 8h	3h 20m	$299K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.010%Rate

Funding earned: $51.42
Price spread: +0.010% → +0.005%: $0.46
Slippage, 4 orders: −$10.15
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $23.73
Costs to cover: 0.282%
Break-even: 3.8 days

Slippage from RISEx: live order book, 32 min ago; BloFin: live order book, 9 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	0.64 bp	3.6 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell BloFin live order book, 9 min ago	2.42 bp	10.0 bp −$10	13.4 bp −$134	39.0 bp −$3,897	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	61.884	long leg	$435K	$500K	20x
Bitget DRAMUSDT	0.0000%	8h	61.900	+0.026%	$26.0M	$13.6M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.904	+0.032%	$36K	$187K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.880	−0.006%	$680	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.830	−0.087%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.880	−0.006%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0023%	1h	61.852	−0.051%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.880	−0.006%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.830	−0.087%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.840	−0.071%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0050%	1h	61.833	−0.082%	$172K	$460K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.866	−0.029%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.860	−0.039%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.760	−0.200%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0062%	8h	61.900	+0.026%	$5.4M	$4.6M	50x	as long as short
edgeX DRAMUSDC	+0.0071%	4h	61.820	−0.103%	$150K	$298K	20x	as long as short
Bybit DRAMUSDT	+0.0079%	8h	61.887	+0.005%	$9.6M	$9.8M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.851	−0.053%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.830	−0.087%	$3.0M	$397K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.840	−0.071%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.870	−0.023%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.863	−0.033%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.365%	$533K	$75K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.866	−0.029%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0135%	1h	61.841	−0.069%	$80.5M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0148%	8h	61.850	−0.055%	$199K	$35K	20x	as long as short
Lighter DRAM	+0.0192%	1h	61.880	−0.006%	$1.1M	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0204%	8h	61.884	0.000%	$2.4M	$739K	—	as long as short
BloFin DRAM-USDTshort	+0.0245%	8h	61.890	+0.010%	$299K	$26K	20x
Binance DRAMUSDT	+0.0264%	8h	61.870	−0.023%	$44.4M	$81.3M	50x	as long as short
Extended DRAM-USD	+0.0264%	1h	61.853	−0.050%	$75K	$327K	10x	as long as short
MEXC DRAM_USDT	+0.0267%	8h	61.850	−0.055%	$8.2M	$5.6M	100x	as long as short
Gate DRAM_USDT	+0.0424%	8h	61.900	+0.026%	$8.1M	$3.5M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0559%	1h	61.880	−0.006%	$13K	$3K	20x	as long as short