Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0544%/8h= −59.6% APRpaid last 24h +0.011%

Price spread now: RISEx against Binance−0.014%7-day average +0.004% · 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−$23as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 2 days (all we have)+0.026%+$3 · spread now −0.014%, 7d avg +0.004%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.009% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DRAMUSDT	62.240	0.0544	pay 0.0544% / 8h	5h 47m	$44.7M	$81.5M	50x
Short	RISEx DRAM/USDC	62.231	0	get 0.0000% / 1h	47m 39s	$442K	$506K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$114.22
Price spread: −0.014% → +0.004%: −$1.83
Slippage, 4 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$137.05
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; RISEx: live order book, 16 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 Binance live order book, 10 min ago	0.80 bp	6.5 bp −$6	8.5 bp −$85	31.6 bp −$3,164	doesn't fit
Sell RISEx live order book, 16 min ago	1.37 bp	4.4 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit

DRAM on 33 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/USDCshort	0.0000%	1h	62.231	−0.014%	$442K	$506K	20x
SunX DRAM-USDT	0.0000%	8h	62.210	−0.048%	$785	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.250	+0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0031%	1h	62.227	−0.021%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.250	+0.016%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.200	−0.064%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.215	−0.040%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.239	−0.002%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.170	−0.112%	$1.2M	$2.0M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.190	−0.080%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0058%	4h	62.298	+0.093%	$151K	$297K	20x	as long as short
Entropy io:DRAM	+0.0077%	1h	62.218	−0.035%	$253K	$421K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.205	−0.056%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.240	0.000%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.320	+0.129%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.264	+0.039%	$4K	—	10x	as long as short
Lighter DRAM	+0.0128%	1h	62.224	−0.026%	$967K	$1.0M	20x	as long as short
Bitget DRAMUSDT	+0.0130%	8h	62.250	+0.016%	$26.2M	$13.2M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0142%	8h	62.225	−0.024%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.321%	$534K	$76K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0186%	1h	62.214	−0.042%	$82.1M	$36.9M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0207%	8h	62.250	+0.016%	$5.5M	$4.5M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0231%	8h	62.312	+0.115%	$36K	$155K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.230	−0.016%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0277%	8h	62.278	+0.061%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0422%	8h	62.266	+0.042%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0513%	8h	62.303	+0.101%	$2.4M	$710K	—	as long as short
Gate DRAM_USDT	+0.0525%	8h	62.290	+0.080%	$8.1M	$3.5M	75x	as long as short
Binance DRAMUSDTlong	+0.0544%	8h	62.240	long leg	$44.7M	$81.5M	50x
Extended DRAM-USD	+0.0544%	1h	62.218	−0.035%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0547%	8h	62.230	−0.016%	$9.6M	$5.5M	100x	as long as short