Funding arb · Price arb /

RAM

RWAall RAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Phemex+0.143%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$329as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3293.293% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.143%, 7d avg +0.046%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.098% dearer against Phemex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex RAMUSDT	13.970	0	get 0.0000% / 8h	7h 03m	$760K	$209K	20x
Short	Bybit RAMUSDT	13.990	0	get 0.0000% / 8h	7h 03m	$169K	$151K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. 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 PhemexbpFee BybitbpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → +0.046%: $9.76
Slippage, 4 orders: −$306.34
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$319.58
Costs to cover: 3.293%
Break-even: never at this rate

Slippage from Phemex: live order book, 29 min ago; Bybit: live order book, 11 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 Phemex live order book, 29 min ago	3.63 bp	73.5 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 11 min ago	7.19 bp	44.3 bp −$44	doesn't fit	doesn't fit	doesn't fit

RAM on 10 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
BloFin RAM-USDT	−0.2755%	8h	13.990	+0.143%	$29K	$2K	20x	as long as short
MEXC RAM_USDT	−0.2691%	8h	13.980	+0.072%	$389K	$92K	20x	as long as short
Binance RAMUSDT	−0.2662%	8h	13.990	+0.143%	$784K	$2.2M	20x	as long as short
KuCoin RAMUSDTM	−0.1537%	8h	13.960	−0.072%	$14K	$102K	20x	as long as short
OKX RAM-USDT-SWAP	−0.1467%	8h	13.990	+0.143%	$304K	$525K	10x	as long as short
Bitget RAMUSDT	−0.1339%	8h	13.985	+0.107%	$200K	$206K	20x	as long as short
Bybit RAMUSDTshort	0.0000%	8h	13.990	+0.143%	$169K	$151K	25x
Gate RAM_USDT	0.0000%	8h	14.011	+0.293%	$24K	$4K	20x	as long as short
HTX RAM-USDT	0.0000%	8h	14.015	+0.322%	$6K	$4K	10x	as long as short
Phemex RAMUSDTlong	0.0000%	8h	13.970	long leg	$760K	$209K	20x