Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.022%

Price spread now: Phemex against edgeX+0.407%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1361.363% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.421%−$42 · spread now +0.407%, 7d avg +0.011%

Together, before fees−0.530%+ Points / potential airdropedgeX: Active · farm board−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.397% dearer against edgeX than usual: you sell high and buy low (spread +0.407% now, against its 7-day average of +0.011%): +$40 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DRAMUSDC	60.942	0.0055	pay 0.0028% / 4h	2h 25m	$148K	$297K	20x
Short	Phemex DRAMUSDT	61.190	0	get 0.0000% / 8h	2h 25m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.407%Rate

Funding earned: −$11.58
Price spread: +0.407% → +0.011%: $39.7
Slippage, 4 orders: −$115.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$108.2
Costs to cover: 1.363%
Break-even: never at this rate

Slippage from edgeX: live order book, 23 min ago; Phemex: live order book, 3 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 edgeX live order book, 23 min ago	2.43 bp	7.2 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.64 bp	63.6 bp −$64	doesn't fit	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	−0.0430%	8h	61.180	+0.391%	$25.8M	$14.0M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.133	+0.314%	$423K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.140	+0.325%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.180	+0.391%	$669	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.950	+0.014%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.190	+0.407%	$1.7M	$1.3M	10x
Bybit DRAMUSDT	+0.0013%	8h	61.154	+0.348%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.100	+0.260%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0035%	8h	61.180	+0.391%	$5.5M	$5.6M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.040	+0.161%	$48K	$75K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.130	+0.309%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.160	+0.358%	$996K	$84K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.054	+0.184%	$169K	$470K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.149	+0.340%	$257K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.103	+0.265%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.060	+0.194%	$1.1M	$3.2M	10x	as long as short
edgeX DRAMUSDClong	+0.0055%	4h	60.942	long leg	$148K	$297K	20x
Aster DRAMUSDT	+0.0060%	8h	61.119	+0.290%	$197K	$35K	20x	as long as short
Gate DRAM_USDT	+0.0079%	8h	61.220	+0.457%	$8.0M	$3.7M	75x	as long as short
Pacifica DRAM	+0.0100%	1h	61.097	+0.255%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.100	+0.260%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.990	+0.079%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.110	+0.276%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0100%	8h	61.097	+0.255%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.112	+0.279%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0113%	8h	61.095	+0.251%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0129%	1h	61.110	+0.276%	$79.2M	$36.1M	20x	as long as short
BloFin DRAM-USDT	+0.0134%	8h	61.190	+0.407%	$302K	$26K	20x	as long as short
MEXC DRAM_USDT	+0.0167%	8h	61.150	+0.342%	$8.1M	$5.6M	100x	as long as short
Binance DRAMUSDT	+0.0168%	8h	61.149	+0.341%	$43.8M	$85.7M	50x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.141	+0.327%	$76K	$191K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.060	+0.194%	$524K	$74K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.148	+0.339%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0405%	1h	61.140	+0.325%	$13K	$3K	20x	as long as short