Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0257%/8h= +28.1% APRpaid last 24h +0.052%

Price spread now: Deribit against Bybit−0.075%7-day average — · you buy dearer than you sell

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

Long on Bybit 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—needs both histories

Funding pays, the price is against you. Deribit is 0.075% cheaper against Bybit than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 23 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	62.447	0.0135	pay 0.0135% / 8h	4h 14m	$9.7M	$9.7M	100x
Short	Deribit DRAM_USDC-PERPETUAL	62.400	0.0391	get 0.0049% / 1h	14m 11s	$13K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.075%Rate

Funding earned: $53.91
Price spread: −0.075% → 0.000%: −$7.53
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $28.38
Costs to cover: 0.180%
Break-even: 3.3 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.80 bp	7.2 bp −$7	14.0 bp −$140	122.7 bp −$12.3K	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
RISEx DRAM/USDC	0.0000%	1h	62.415	−0.051%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.430	−0.027%	$910	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.075%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	−0.011%	$1.7M	$1.3M	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0010%	8h	62.460	+0.021%	$37K	$173K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.395	−0.083%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.387	−0.096%	$1.0M	$1.1M	20x	as long as short
edgeX DRAMUSDC	+0.0035%	4h	62.426	−0.033%	$151K	$299K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	−0.075%	$49K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.370	−0.123%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.396	−0.082%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.397	−0.080%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.360	−0.139%	$1.1M	$2.3M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.400	−0.075%	$1.0M	$78K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0075%	1h	62.399	−0.077%	$81.7M	$35.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0080%	8h	62.385	−0.099%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0081%	8h	62.430	−0.027%	$26.2M	$13.4M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0099%	8h	62.440	−0.011%	$5.5M	$4.5M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	62.369	−0.126%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.400	−0.075%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.005%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.420	−0.043%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.412	−0.056%	$4K	—	10x	as long as short
Bybit DRAMUSDTlong	+0.0135%	8h	62.447	long leg	$9.7M	$9.7M	100x
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.187%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0152%	1h	62.397	−0.080%	$183K	$441K	25x	as long as short
Aster DRAMUSDT	+0.0251%	8h	62.416	−0.050%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0326%	8h	62.404	−0.069%	$2.4M	$747K	—	as long as short
Binance DRAMUSDT	+0.0367%	8h	62.434	−0.021%	$44.9M	$80.2M	50x	as long as short
Extended DRAM-USD	+0.0368%	1h	62.408	−0.062%	$76K	$622K	10x	as long as short
MEXC DRAM_USDT	+0.0369%	8h	62.430	−0.027%	$8.9M	$5.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUALshort	+0.0391%	1h	62.400	−0.075%	$13K	$3K	20x
BloFin DRAM-USDT	+0.0402%	8h	62.410	−0.059%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0632%	8h	62.450	+0.005%	$8.2M	$3.5M	75x	as long as short