Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0500%/8h= −54.8% APRpaid last 24h −0.010%

Price spread now: KuCoin against RISEx−0.049%88s7-day average −0.039% · 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—prices read too far apart to compare

costs, in and out, $10k−$730.725% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.049%, 7d avg −0.039%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.030% in total (about -2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	61.420	0.0600	pay 0.0075% / 1h	47m 12s	$462K	$369K	20x
Short	KuCoin DRAMUSDTM	61.390	0.0100	get 0.0100% / 8h	5h 47m	$3.0M	$417K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$105.01
Price spread: −0.049% → −0.039%: −$0.99
Slippage, 4 orders: −$54.52
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$178.53
Costs to cover: 0.725%
Break-even: never at this rate

Slippage from RISEx: live order book, 64 min ago; KuCoin: live order book, 3 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, 64 min ago	1.32 bp	4.3 bp −$4	5.7 bp −$57	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.63 bp	27.5 bp −$27	doesn't fit	doesn't fit	doesn't fit

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.420	0.000%	$9.6M	$11.3M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.420	0.000%	$26.8M	$17.0M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.400	−0.033%	$992	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.400	−0.033%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.420	0.000%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.383	−0.060%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.360	−0.098%	$60K	$81K	10x	as long as short
edgeX DRAMUSDC	+0.0042%	4h	61.465	+0.073%	$149K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.370	−0.081%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.384	−0.059%	$256K	$1.3M	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	61.405	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.380	−0.065%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.410	−0.016%	$1.0M	$98K	10x	as long as short
Lighter DRAM	+0.0096%	1h	61.397	−0.037%	$1.1M	$1.4M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.375	−0.073%	$74K	$30K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	61.390	−0.049%	$3.0M	$417K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	61.500	+0.130%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.410	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.420	0.000%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0116%	1h	61.384	−0.059%	$79.7M	$38.4M	20x	as long as short
Gate DRAM_USDT	+0.0122%	8h	61.440	+0.033%	$8.0M	$3.8M	75x	as long as short
Paradex DRAM-USD-PERP	+0.0126%	8h	61.391	−0.048%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0173%	8h	61.420	0.000%	$5.5M	$6.7M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.330	−0.147%	$537K	$91K	20x	as long as short
Aster DRAMUSDT	+0.0233%	8h	61.418	−0.003%	$196K	$28K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0239%	1h	61.390	−0.049%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0278%	8h	61.459	+0.064%	$2.2M	$689K	—	as long as short
Extended DRAM-USD	+0.0328%	1h	61.390	−0.050%	$100K	$295K	10x	as long as short
Binance DRAMUSDT	+0.0331%	8h	61.420	0.000%	$44.6M	$98.0M	50x	as long as short
MEXC DRAM_USDT	+0.0331%	8h	61.410	−0.016%	$9.0M	$5.4M	100x	as long as short
BloFin DRAM-USDT	+0.0490%	8h	61.440	+0.033%	$305K	$27K	20x	as long as short
RISEx DRAM/USDClong	+0.0600%	1h	61.420	long leg	$462K	$369K	20x
GRVT DRAM_USDT_Perp	+0.0764%	8h	61.486	+0.108%	$37K	$221K	10x	as long as short
Entropy io:DRAM	+0.0845%	1h	61.362	−0.094%	$321K	$1.7M	25x	as long as short