Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0352%/8h= −38.5% APRpaid last 24h −0.019%

Price spread now: Aevo against Bybit+0.023%59s7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aevo

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—needs both histories

The price spread pays, funding is against you. Aevo is 0.023% dearer against Bybit than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	62.440	0.0456	pay 0.0456% / 8h	7h 01m	$9.6M	$10.4M	100x
Short	Aevo DRAM-PERP	62.454	0.0104	get 0.0013% / 1h	1m 28s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.023%Rate

Funding earned: −$73.91
Price spread: +0.023% → 0.000%: $2.26
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$98.65
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Aevo: 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 Bybit live order book, 2 min ago	0.80 bp	9.1 bp −$9	16.8 bp −$168	127.4 bp −$12.7K	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
SunX DRAM-USDT	0.0000%	8h	62.430	−0.016%	$950	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.430	−0.016%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0023%	4h	62.427	−0.022%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	62.401	−0.062%	$1K	$34K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.380	−0.096%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.395	−0.072%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.421	−0.030%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.350	−0.144%	$1.2M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.369	−0.114%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.390	−0.080%	$3.0M	$419K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.016%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.450	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERPshort	+0.0104%	1h	62.454	+0.023%	$4K	—	10x
Lighter DRAM	+0.0120%	1h	62.389	−0.082%	$969K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.390	−0.080%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.080%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0219%	1h	62.398	−0.067%	$82.2M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0238%	8h	62.406	−0.055%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0247%	8h	62.420	−0.032%	$5.5M	$4.6M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.420	−0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDTlong	+0.0456%	8h	62.440	long leg	$9.6M	$10.4M	100x
Aster DRAMUSDT	+0.0510%	8h	62.395	−0.073%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0511%	1h	62.360	−0.128%	$254K	$449K	25x	as long as short
Variational Omni DRAM	+0.0585%	8h	62.483	+0.070%	$2.4M	$749K	—	as long as short
Bitget DRAMUSDT	+0.0587%	8h	62.420	−0.032%	$26.1M	$12.8M	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.420	−0.032%	$51K	$82K	10x	as long as short
MEXC DRAM_USDT	+0.0636%	8h	62.410	−0.048%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0637%	8h	62.420	−0.032%	$44.9M	$81.8M	50x	as long as short
Extended DRAM-USD	+0.0640%	1h	62.385	−0.088%	$76K	$665K	10x	as long as short
Gate DRAM_USDT	+0.0835%	8h	62.430	−0.016%	$8.2M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0996%	8h	62.480	+0.064%	$298K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.400	−0.064%	$456K	$501K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1102%	8h	62.497	+0.092%	$37K	$152K	10x	as long as short