Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h −0.009%

Price spread now: MEXC against RISEx−0.003%7-day average −0.007% · 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−$10as in the Price arb table

costs, in and out, $10k−$100.103% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.003%, 7d avg −0.007%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$14 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 0.004% in total (about 0.4% 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	62.482	0.1096	pay 0.0137% / 1h	4m 30s	$456K	$499K	20x
Short	MEXC DRAM_USDT	62.480	0.0624	get 0.0624% / 8h	7h 04m	$9.7M	$6.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$99.21
Price spread: −0.003% → −0.007%: $0.38
Slippage, 4 orders: −$4.32
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$109.16
Costs to cover: 0.103%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; MEXC: 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, 4 min ago	1.36 bp	4.4 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.80 bp	0.8 bp −$1	1.2 bp −$12	7.0 bp −$696	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
SunX DRAM-USDT	0.0000%	8h	62.490	+0.013%	$596	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.450	−0.051%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.490	+0.013%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.460	−0.036%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.430	−0.083%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.463	−0.030%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.488	+0.010%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.400	−0.131%	$1.2M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0069%	4h	62.481	−0.001%	$151K	$296K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.501	+0.030%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.460	−0.035%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.370	−0.179%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.510	+0.045%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.512	+0.048%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.478	−0.006%	$972K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.470	−0.019%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.147%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0227%	1h	62.469	−0.021%	$82.3M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0243%	8h	62.502	+0.032%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0249%	8h	62.490	+0.013%	$5.5M	$4.6M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.490	+0.013%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0480%	8h	62.530	+0.077%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0503%	8h	62.377	−0.168%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0520%	1h	62.381	−0.162%	$255K	$448K	25x	as long as short
Variational Omni DRAM	+0.0585%	8h	62.483	+0.002%	$2.4M	$749K	—	as long as short
Bitget DRAMUSDT	+0.0596%	8h	62.500	+0.029%	$26.2M	$12.8M	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.460	−0.035%	$51K	$82K	10x	as long as short
Extended DRAM-USD	+0.0624%	1h	62.475	−0.010%	$76K	$665K	10x	as long as short
MEXC DRAM_USDTshort	+0.0624%	8h	62.480	−0.003%	$9.7M	$6.7M	100x
Binance DRAMUSDT	+0.0629%	8h	62.480	−0.003%	$45.0M	$81.9M	50x	as long as short
Gate DRAM_USDT	+0.0843%	8h	62.520	+0.061%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0980%	8h	62.500	+0.029%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1049%	8h	62.448	−0.054%	$37K	$153K	10x	as long as short
RISEx DRAM/USDClong	+0.1096%	1h	62.482	long leg	$456K	$499K	20x