Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0062%/8h= +6.7% APRpaid last 24h −0.007%

Price spread now: Bybit against RISEx+0.097%7-day average +0.016% · 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−$14as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.048%−$5 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.097%, 7d avg +0.016%

Together, before fees−0.136%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.081% dearer against RISEx than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	61.740	0	get 0.0000% / 1h	51m 59s	$434K	$501K	20x
Short	Bybit DRAMUSDT	61.800	0.0062	get 0.0062% / 8h	2h 51m	$9.5M	$10.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.097%Rate

Funding earned: $12.93
Price spread: +0.097% → +0.016%: $8.07
Slippage, 4 orders: −$5.33
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.33
Costs to cover: 0.223%
Break-even: 7.7 days

Slippage from RISEx: live order book, 61 min ago; Bybit: live order book, 1 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, 61 min ago	0.64 bp	3.6 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.81 bp	7.5 bp −$8	11.8 bp −$118	104.4 bp −$10.4K	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	61.740	long leg	$434K	$501K	20x
Bitget DRAMUSDT	0.0000%	8h	61.770	+0.048%	$26.1M	$13.9M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.610	−0.211%	$37K	$189K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.760	+0.032%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.670	−0.113%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.750	+0.016%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0018%	4h	61.622	−0.190%	$149K	$298K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.611	−0.209%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.630	−0.178%	$48K	$76K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.690	−0.081%	—	—	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	+0.0050%	1h	61.740	0.000%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.721	−0.031%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.738	−0.003%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.700	−0.065%	$1.1M	$2.6M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0060%	8h	61.790	+0.081%	$5.5M	$4.7M	50x	as long as short
Bybit DRAMUSDTshort	+0.0062%	8h	61.800	+0.097%	$9.5M	$10.0M	100x
Entropy io:DRAM	+0.0093%	1h	61.640	−0.162%	$170K	$465K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.695	−0.073%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.710	−0.049%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.680	−0.097%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.740	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.743	+0.004%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0111%	8h	61.767	+0.044%	$199K	$35K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0113%	8h	61.727	−0.021%	—	—	5x	as long as short
Variational Omni DRAM	+0.0175%	8h	61.664	−0.123%	$2.4M	$618K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.510	−0.373%	$528K	$74K	20x	as long as short
Binance DRAMUSDT	+0.0224%	8h	61.780	+0.065%	$44.3M	$83.3M	50x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.737	−0.004%	$74K	$238K	10x	as long as short
MEXC DRAM_USDT	+0.0224%	8h	61.760	+0.032%	$9.0M	$5.5M	100x	as long as short
BloFin DRAM-USDT	+0.0227%	8h	61.720	−0.033%	$300K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0265%	8h	61.790	+0.081%	$8.1M	$3.6M	75x	as long as short
tradeXYZ xyz:DRAM	+0.0273%	1h	61.755	+0.024%	$80.3M	$35.5M	20x	as long as short
Lighter DRAM	+0.0280%	1h	61.758	+0.029%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0723%	1h	61.740	0.000%	$13K	$3K	20x	as long as short