Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0315%/8h= −34.5% APRpaid last 24h −0.065%

Price spread now: GRVT against RISEx−0.012%7-day average −0.001% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on RISEx Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.068%−$7 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.012%, 7d avg −0.001%

Together, before fees−0.058%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.068% in total (about -7.4% 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	61.597	0.0459	pay 0.0057% / 1h	3m 25s	$479K	$443K	20x
Short	GRVT DRAM_USDT_Perp	61.590	0.0144	get 0.0144% / 8h	2h 03m	$36K	$190K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$66.15
Price spread: −0.012% → −0.001%: −$1.03
Slippage, 4 orders: −$6.96
Fee RISEx: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$89.14
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from RISEx: live order book, 20 min ago; GRVT: live order book, 19 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, 20 min ago	0.89 bp	3.9 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit
Sell GRVT live order book, 19 min ago	1.62 bp	8.1 bp −$8	18.1 bp −$181	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
Gate DRAM_USDT	0.0000%	8h	61.600	+0.005%	$8.2M	$3.6M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.600	+0.005%	$684	$3.3M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.590	−0.012%	$13K	$9K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.580	−0.028%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.600	+0.005%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0030%	4h	61.601	+0.007%	$152K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0032%	1h	61.594	−0.005%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.550	−0.077%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.547	−0.081%	$251K	$503K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.577	−0.033%	$203K	$1.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	61.594	−0.005%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.540	−0.093%	$1.2M	$1.7M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0056%	8h	61.610	+0.021%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.590	−0.012%	$1.0M	$77K	10x	as long as short
Bitget DRAMUSDT	+0.0083%	8h	61.600	+0.005%	$25.9M	$12.6M	20x	as long as short
Aster DRAMUSDT	+0.0085%	8h	61.600	+0.005%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.603	+0.010%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.580	−0.028%	$3.0M	$484K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.570	−0.044%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.590	−0.012%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.604	+0.012%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0124%	8h	61.588	−0.014%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0125%	1h	61.582	−0.025%	$78.9M	$39.7M	20x	as long as short
Bybit DRAMUSDT	+0.0132%	8h	61.630	+0.053%	$9.2M	$10.3M	100x	as long as short
Lighter DRAM	+0.0144%	1h	61.603	+0.009%	$990K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perpshort	+0.0144%	8h	61.590	−0.012%	$36K	$190K	10x
Variational Omni DRAM	+0.0167%	8h	61.582	−0.024%	$2.4M	$978K	—	as long as short
BloFin DRAM-USDT	+0.0208%	8h	61.610	+0.021%	$295K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0216%	8h	61.599	+0.004%	$43.7M	$82.9M	50x	as long as short
Extended DRAM-USD	+0.0216%	1h	61.591	−0.010%	$102K	$741K	10x	as long as short
MEXC DRAM_USDT	+0.0217%	8h	61.590	−0.012%	$11.1M	$6.4M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.580	−0.028%	$510K	$44K	20x	as long as short
RISEx DRAM/USDClong	+0.0459%	1h	61.597	long leg	$479K	$443K	20x
Arcus DRAM-USD	+0.0739%	1h	61.580	−0.028%	$50K	$93K	10x	as long as short