Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.4% APRpaid last 24h +0.044%

Price spread now: Deribit against Aster−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 Aster Short on Deribit

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.092% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DRAMUSDT	61.236	0.0032	pay 0.0032% / 8h	1h 48m	$197K	$35K	20x
Short	Deribit DRAM_USDC-PERPETUAL	61.180	0	get 0.0000% / 1h	48m 07s	$13K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$6.61
Price spread: −0.092% → 0.000%: −$9.16
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.78
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 58 min ago; Deribit: 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 Aster live order book, 58 min ago	3.24 bp	13.6 bp −$14	37.4 bp −$374	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0452%	8h	61.240	+0.006%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.220	−0.026%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.238	+0.004%	$424K	$419K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.270	+0.055%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.270	+0.055%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.210	−0.043%	$843	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUALshort	0.0000%	1h	61.180	−0.092%	$13K	$3K	20x
HTX DRAM-USDT	0.0000%	8h	61.170	−0.108%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.210	−0.043%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.253	+0.027%	$1K	$31K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DRAMUSDTlong	+0.0032%	8h	61.236	long leg	$197K	$35K	20x
OKX DRAM-USDT-SWAP	+0.0032%	8h	61.220	−0.026%	$5.4M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.250	+0.023%	$998K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.260	+0.039%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.260	+0.039%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.265	+0.047%	$169K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.201	−0.057%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.229	−0.012%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.220	−0.026%	$1.1M	$3.4M	10x	as long as short
Variational Omni DRAM	+0.0083%	8h	61.275	+0.063%	$2.3M	$682K	—	as long as short
edgeX DRAMUSDC	+0.0093%	4h	61.247	+0.017%	$148K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.280	+0.071%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.200	−0.059%	$3.0M	$414K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.290	+0.088%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.200	−0.059%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.217	−0.032%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0106%	8h	61.282	+0.076%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0108%	1h	61.205	−0.051%	$79.3M	$35.8M	20x	as long as short
Lighter DRAM	+0.0128%	1h	61.227	−0.015%	$1.1M	$1.2M	20x	as long as short
Binance DRAMUSDT	+0.0133%	8h	61.197	−0.064%	$43.8M	$87.3M	50x	as long as short
Extended DRAM-USD	+0.0136%	1h	61.180	−0.092%	$74K	$190K	10x	as long as short
MEXC DRAM_USDT	+0.0136%	8h	61.190	−0.075%	$8.0M	$5.6M	100x	as long as short
BloFin DRAM-USDT	+0.0146%	8h	61.330	+0.153%	$302K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.206%	$525K	$75K	20x	as long as short