Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.016%

Price spread now: Orderly against edgeX+0.026%71s7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Orderly

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.026% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 71 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	edgeX DRAMUSDC	61.964	0.0006	pay 0.0003% / 4h	37m 50s	$153K	$289K	20x
Short	Orderly PERP_DRAM_USDC_mythos	61.980	0.0100	get 0.0100% / 8h	37m 50s	$9K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against edgeX. 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 edgeXbpFee OrderlybpOrdersPrice spread, now +0.026%Rate

Funding earned: $19.79
Price spread: +0.026% → 0.000%: $2.65
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.43
Costs to cover: 0.150%
Break-even: 4.4 days

Slippage unknown: edgeX: live order book, 40 min ago; Orderly: 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 edgeX live order book, 40 min ago	2.43 bp	7.5 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Gate DRAM_USDT	0.0000%	8h	61.980	+0.026%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.960	−0.006%	$764	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.910	−0.086%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.800	−0.264%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDClong	+0.0006%	4h	61.964	long leg	$153K	$289K	20x
Aftermath Perps DRAMUSD	+0.0038%	1h	61.984	+0.032%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.920	−0.070%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.944	−0.032%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.961	−0.004%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.920	−0.070%	$1.2M	$1.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.950	−0.022%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.972	+0.013%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.930	−0.054%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.860	−0.167%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	61.980	+0.026%	$9K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.971	+0.013%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0150%	8h	61.970	+0.010%	$26.0M	$12.7M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0151%	8h	61.970	+0.010%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0186%	8h	61.968	+0.007%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.619%	$510K	$43K	20x	as long as short
Aster DRAMUSDT	+0.0193%	8h	61.984	+0.032%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0204%	8h	61.980	+0.027%	$36K	$172K	10x	as long as short
Lighter DRAM	+0.0216%	1h	61.966	+0.004%	$978K	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0276%	8h	61.967	+0.006%	$2.4M	$947K	—	as long as short
Bybit DRAMUSDT	+0.0282%	8h	62.008	+0.072%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.969	+0.008%	$457K	$475K	20x	as long as short
MEXC DRAM_USDT	+0.0322%	8h	61.980	+0.026%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0328%	8h	61.980	+0.026%	$43.8M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0328%	1h	61.962	−0.003%	$77K	$766K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0332%	1h	61.965	+0.002%	$80.4M	$39.7M	20x	as long as short
Entropy io:DRAM	+0.0350%	1h	61.923	−0.066%	$260K	$502K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.950	−0.022%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0581%	8h	61.980	+0.026%	$253K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.950	−0.022%	$50K	$89K	10x	as long as short