Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0257%/8h= −28.1% APRpaid last 24h −0.090%

Price spread now: Phemex against RISEx−0.002%7-day average −0.003% · 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−$89as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.097%−$10 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.002%, 7d avg −0.003%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	61.782	0.0257	pay 0.0032% / 1h	5m 48s	$455K	$475K	20x
Short	Phemex DRAMUSDT	61.780	0	get 0.0000% / 8h	1h 05m	$1.8M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$53.89
Price spread: −0.002% → −0.003%: $0.06
Slippage, 4 orders: −$70.84
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$142.67
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from RISEx: live order book, 13 min ago; Phemex: live order book, 2 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, 13 min ago	0.49 bp	3.5 bp −$3	4.6 bp −$46	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.43 bp	42.0 bp −$42	doesn't fit	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	61.800	+0.030%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.780	−0.002%	$1K	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.760	−0.035%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.780	−0.002%	$1.8M	$1.3M	10x
edgeX DRAMUSDC	+0.0017%	4h	61.771	−0.017%	$153K	$288K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.772	−0.016%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.740	−0.067%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.718	−0.103%	$260K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.751	−0.049%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.778	−0.006%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.680	−0.164%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.780	−0.002%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.727	−0.088%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	−0.019%	$3.0M	$477K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.820	+0.062%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	−0.002%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.790	+0.014%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0111%	8h	61.745	−0.060%	$199K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0116%	8h	61.780	−0.002%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0119%	8h	61.780	−0.002%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.782	+0.001%	$36K	$181K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0157%	8h	61.764	−0.028%	—	—	5x	as long as short
Variational Omni DRAM	+0.0196%	8h	61.777	−0.008%	$2.4M	$938K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.326%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0240%	8h	61.838	+0.091%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0244%	8h	61.780	−0.002%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0245%	8h	61.790	+0.014%	$43.9M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.776	−0.008%	$77K	$766K	10x	as long as short
RISEx DRAM/USDClong	+0.0257%	1h	61.782	long leg	$455K	$475K	20x
Lighter DRAM	+0.0272%	1h	61.787	+0.009%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0285%	1h	61.771	−0.017%	$79.3M	$39.3M	20x	as long as short
BloFin DRAM-USDT	+0.0476%	8h	61.810	+0.046%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0560%	1h	61.770	−0.019%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.760	−0.035%	$50K	$91K	10x	as long as short