Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0230%/8h= −25.2% APRpaid last 24h −0.104%

Price spread now: HTX against Deribit−0.224%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on HTX

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.224% cheaper against Deribit than usual: you would sell low and buy high (−$22 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	Deribit DRAM_USDC-PERPETUAL	62.550	0.0230	pay 0.0029% / 1h	22m 12s	$13K	$3K	20x
Short	HTX DRAM-USDT	62.410	0	get 0.0000% / 8h	7h 22m	$28K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now −0.224%Rate

Funding earned: −$48.27
Price spread: −0.224% → 0.000%: −$22.38
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$89.65
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; HTX: 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 Deribit no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Deribit and HTX: 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	62.530	−0.032%	$671	$3.0M	10x	as long as short
HTX DRAM-USDTshort	0.0000%	8h	62.410	−0.224%	$28K	$3K	20x
Phemex DRAMUSDT	0.0000%	8h	62.560	+0.016%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	62.441	−0.174%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.500	−0.080%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.531	−0.030%	$268K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.545	−0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.490	−0.096%	$1.1M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0067%	4h	62.534	−0.025%	$151K	$295K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.550	−0.001%	$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	62.500	−0.080%	$3.0M	$425K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.550	0.000%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.590	+0.064%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.582	+0.051%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.549	−0.002%	$973K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.520	−0.048%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.256%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0224%	8h	62.553	+0.004%	—	—	5x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0230%	1h	62.550	long leg	$13K	$3K	20x
OKX DRAM-USDT-SWAP	+0.0236%	8h	62.600	+0.080%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0243%	1h	62.552	+0.003%	$82.2M	$37.5M	20x	as long as short
Aster DRAMUSDT	+0.0436%	8h	62.475	−0.121%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0442%	8h	62.620	+0.112%	$9.6M	$10.5M	100x	as long as short
Variational Omni DRAM	+0.0508%	8h	62.525	−0.040%	$2.4M	$750K	—	as long as short
Bitget DRAMUSDT	+0.0518%	8h	62.550	0.000%	$26.2M	$12.9M	20x	as long as short
Entropy io:DRAM	+0.0544%	1h	62.422	−0.205%	$254K	$453K	25x	as long as short
MEXC DRAM_USDT	+0.0558%	8h	62.540	−0.016%	$9.8M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0564%	8h	62.560	+0.016%	$44.7M	$81.9M	50x	as long as short
Extended DRAM-USD	+0.0568%	1h	62.546	−0.007%	$76K	$739K	10x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.470	−0.128%	$51K	$81K	10x	as long as short
Gate DRAM_USDT	+0.0765%	8h	62.580	+0.048%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0935%	8h	62.440	−0.176%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1008%	8h	62.540	−0.016%	$37K	$156K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.533	−0.027%	$462K	$494K	20x	as long as short