Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.027%

Price spread now: Orderly against tradeXYZ+0.065%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.065% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:DRAM	61.920	0.0308	pay 0.0039% / 1h	14m 38s	$80.5M	$40.0M	20x
Short	Orderly PERP_DRAM_USDC_mythos	61.960	0.0100	get 0.0100% / 8h	14m 38s	$9K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against tradeXYZ. 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 tradeXYZbpFee OrderlybpOrdersPrice spread, now +0.065%Rate

Funding earned: −$43.71
Price spread: +0.065% → 0.000%: $6.46
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$61.25
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	0.32 bp	10.0 bp −$10	doesn't fit	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
Gate DRAM_USDT	0.0000%	8h	61.960	+0.065%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.960	+0.065%	$701	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.940	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.780	−0.226%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0002%	4h	61.980	+0.097%	$153K	$291K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.979	+0.094%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.850	−0.113%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.936	+0.026%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.955	+0.057%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.840	−0.129%	$1.2M	$1.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.940	+0.032%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.902	−0.029%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.920	0.000%	$3.0M	$472K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.910	−0.016%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	61.960	+0.065%	$9K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.975	+0.089%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0175%	8h	61.920	0.000%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0181%	8h	61.920	0.000%	$26.0M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.549%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0210%	8h	61.928	+0.014%	—	—	5x	as long as short
Lighter DRAM	+0.0240%	1h	61.890	−0.048%	$976K	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0281%	8h	61.987	+0.108%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0286%	8h	61.989	+0.112%	$36K	$171K	10x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.963	+0.069%	$456K	$476K	20x	as long as short
Bybit DRAMUSDT	+0.0297%	8h	61.950	+0.048%	$9.3M	$10.5M	100x	as long as short
tradeXYZ xyz:DRAMlong	+0.0308%	1h	61.920	long leg	$80.5M	$40.0M	20x
Entropy io:DRAM	+0.0335%	1h	61.906	−0.023%	$255K	$494K	25x	as long as short
Variational Omni DRAM	+0.0371%	8h	61.986	+0.107%	$2.4M	$953K	—	as long as short
MEXC DRAM_USDT	+0.0415%	8h	61.930	+0.016%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0416%	1h	61.938	+0.029%	$77K	$767K	10x	as long as short
Binance DRAMUSDT	+0.0417%	8h	61.890	−0.048%	$43.6M	$82.3M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.950	+0.048%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.910	−0.016%	$50K	$90K	10x	as long as short
BloFin DRAM-USDT	+0.0693%	8h	62.030	+0.178%	$253K	$27K	20x	as long as short