Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.047%

Price spread now: Phemex against tradeXYZ+0.052%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1081.077% of the position

Long on tradeXYZ Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.052%, 7d avg +0.044%

Together, before fees−0.260%+ Points / potential airdroptradeXYZ: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:DRAM	61.988	0.0130	pay 0.0016% / 1h	44m 14s	$81.1M	$35.6M	20x
Short	Phemex DRAMUSDT	62.020	0	get 0.0000% / 8h	3h 44m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$27.33
Price spread: +0.052% → +0.044%: $0.77
Slippage, 4 orders: −$77.67
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$134.22
Costs to cover: 1.077%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Phemex: live order book, 4 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 tradeXYZ live order book, 5 min ago	0.32 bp	10.2 bp −$10	11.8 bp −$118	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.22 bp	44.7 bp −$45	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
RISEx DRAM/USDC	0.0000%	1h	62.003	+0.024%	$436K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.030	+0.068%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.110	+0.197%	$36K	$180K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.980	−0.013%	$800	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	−0.013%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	62.020	+0.052%	$1.7M	$1.3M	10x
edgeX DRAMUSDC	+0.0012%	4h	62.083	+0.153%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.045	+0.092%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.980	−0.013%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.020	+0.052%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.980	−0.013%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.025	+0.060%	$165K	$455K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.979	−0.015%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.996	+0.013%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	+0.019%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0069%	8h	62.040	+0.084%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0079%	8h	61.960	−0.046%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.001	+0.022%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.990	+0.003%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.100	+0.181%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.010	+0.035%	$9K	—	10x	as long as short
Bybit DRAMUSDT	+0.0100%	8h	62.036	+0.077%	$9.7M	$9.7M	100x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.022	+0.054%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.197%	$533K	$75K	20x	as long as short
tradeXYZ xyz:DRAMlong	+0.0130%	1h	61.988	long leg	$81.1M	$35.6M	20x
Lighter DRAM	+0.0136%	1h	62.002	+0.023%	$1.0M	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0183%	8h	62.036	+0.078%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	+0.107%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0281%	8h	62.070	+0.132%	$300K	$26K	20x	as long as short
Extended DRAM-USD	+0.0296%	1h	62.003	+0.024%	$76K	$657K	10x	as long as short
Binance DRAMUSDT	+0.0298%	8h	62.018	+0.048%	$44.5M	$80.5M	50x	as long as short
MEXC DRAM_USDT	+0.0303%	8h	62.010	+0.035%	$8.2M	$5.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	62.000	+0.019%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0548%	8h	62.040	+0.084%	$8.1M	$3.5M	75x	as long as short