Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.009%

Price spread now: Extended against Bybit−0.084%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.084%, 7d avg −0.051%

Together, before fees+0.108%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.033% cheaper against Bybit than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.051%). If the spread goes back, that is −$3 on $10k: about 37 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	61.079	0	get 0.0000% / 8h	1h 15m	$9.4M	$10.3M	100x
Short	Extended DRAM-USD	61.028	0.0072	get 0.0009% / 1h	15m 20s	$74K	$190K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.084%Rate

Funding earned: $15.12
Price spread: −0.084% → −0.051%: −$3.3
Slippage, 4 orders: −$6.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.91
Costs to cover: 0.227%
Break-even: 12.1 days

Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 26 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 Bybit live order book, 3 min ago	1.63 bp	7.6 bp −$8	12.3 bp −$123	127.2 bp −$12.7K	doesn't fit
Sell Extended live order book, 26 min ago	0.49 bp	3.3 bp −$3	7.1 bp −$71	doesn't fit	doesn't fit

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	−0.0601%	8h	61.070	−0.015%	$26.0M	$14.7M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.076	−0.005%	$196K	$35K	20x	as long as short
Bybit DRAMUSDTlong	0.0000%	8h	61.079	long leg	$9.4M	$10.3M	100x
OKX DRAM-USDT-SWAP	0.0000%	8h	61.060	−0.031%	$5.4M	$5.9M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.036	−0.070%	$423K	$351K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.100	+0.034%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.134	+0.090%	$36K	$203K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.050	−0.047%	$709	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.020	−0.097%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.050	−0.047%	$1.7M	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DRAM-USDT	+0.0004%	8h	61.140	+0.100%	$298K	$26K	20x	as long as short
Variational Omni DRAM	+0.0011%	8h	61.034	−0.073%	$2.3M	$683K	—	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	61.066	−0.022%	$1K	$30K	5x	as long as short
edgeX DRAMUSDC	+0.0031%	4h	61.104	+0.041%	$148K	$299K	20x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.050	−0.047%	$994K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.070	−0.015%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.060	−0.031%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.049	−0.049%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.016	−0.103%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.045	−0.056%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.990	−0.146%	$1.1M	$3.5M	10x	as long as short
Binance DRAMUSDT	+0.0068%	8h	61.040	−0.064%	$43.7M	$88.0M	50x	as long as short
MEXC DRAM_USDT	+0.0070%	8h	61.030	−0.080%	$8.0M	$5.7M	100x	as long as short
Extended DRAM-USDshort	+0.0072%	1h	61.028	−0.084%	$74K	$190K	10x
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	61.030	−0.080%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0086%	8h	61.045	−0.055%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0097%	1h	61.023	−0.092%	$79.0M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.054	−0.041%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.030	−0.080%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.110	+0.051%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.030	−0.080%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.045	−0.056%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.051%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0224%	1h	61.073	−0.010%	$1.1M	$1.2M	20x	as long as short