Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.027%

Price spread now: Orderly against RISEx−0.092%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.092% cheaper against RISEx than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	60.996	0	get 0.0000% / 1h	27m 49s	$422K	$507K	20x
Short	Orderly PERP_DRAM_USDC_mythos	60.940	0.0100	get 0.0100% / 8h	2h 27m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.092%Rate

Funding earned: $21
Price spread: −0.092% → 0.000%: −$9.19
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.19
Costs to cover: 0.120%
Break-even: 7.1 days

Slippage unknown: RISEx: live order book, 21 min ago; Orderly: no order-book sample. Net counts fees only.

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, 21 min ago	1.70 bp	4.7 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget DRAMUSDT	−0.0358%	8h	60.970	−0.043%	$25.7M	$14.0M	20x	as long as short
RISEx DRAM/USDClong	0.0000%	1h	60.996	long leg	$422K	$507K	20x
GRVT DRAM_USDT_Perp	0.0000%	8h	61.117	+0.198%	$36K	$193K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.940	−0.092%	$750	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	60.910	−0.141%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.950	−0.075%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.010	+0.023%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0014%	8h	60.940	−0.092%	$9.3M	$10.1M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.111	+0.189%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0033%	8h	60.960	−0.059%	$5.4M	$5.3M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.080	+0.138%	$48K	$75K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.980	−0.026%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	60.970	−0.043%	$993K	$84K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.013	+0.028%	$168K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.940	−0.092%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.958	−0.062%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.980	−0.026%	$1.1M	$3.1M	10x	as long as short
Aster DRAMUSDT	+0.0062%	8h	60.963	−0.055%	$196K	$35K	20x	as long as short
edgeX DRAMUSDC	+0.0082%	4h	61.065	+0.113%	$148K	$299K	20x	as long as short
Gate DRAM_USDT	+0.0094%	8h	61.010	+0.023%	$8.0M	$3.7M	75x	as long as short
Pacifica DRAM	+0.0100%	1h	61.012	+0.026%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.950	−0.075%	$3.0M	$405K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.060	+0.105%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	60.940	−0.092%	$8K	—	10x
Paradex DRAM-USD-PERP	+0.0100%	8h	61.000	+0.006%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.944	−0.086%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0122%	8h	61.116	+0.196%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0125%	1h	60.918	−0.128%	$79.0M	$35.9M	20x	as long as short
BloFin DRAM-USDT	+0.0147%	8h	61.160	+0.269%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0171%	8h	60.920	−0.125%	$43.6M	$85.3M	50x	as long as short
MEXC DRAM_USDT	+0.0174%	8h	60.950	−0.075%	$8.1M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0176%	1h	60.945	−0.083%	$76K	$191K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.060	+0.105%	$524K	$74K	20x	as long as short
Lighter DRAM	+0.0200%	1h	60.926	−0.115%	$1.1M	$1.2M	20x	as long as short