Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1096%/8h= +120.0% APRpaid last 24h +0.065%

Price spread now: RISEx against edgeX+0.173%55s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.342% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.173%, 7d avg +0.010%

Together, before fees−0.106%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and RISEx is 0.162% dearer against edgeX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.054% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DRAMUSDC	62.288	0.0001	pay 0.0000% / 4h	3h 46m	$151K	$296K	20x
Short	RISEx DRAM/USDC	62.396	0.1096	get 0.0137% / 1h	46m 04s	$455K	$492K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.173%Rate

Funding earned: $230.09
Price spread: +0.173% → +0.010%: $16.22
Slippage, 4 orders: −$19.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $212.12
Costs to cover: 0.342%
Break-even: 0.5 days

Slippage from edgeX: live order book, 27 min ago; RISEx: live order book, 27 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, 27 min ago	8.08 bp	12.9 bp −$13	20.8 bp −$208	doesn't fit	doesn't fit
Sell RISEx live order book, 27 min ago	1.37 bp	4.4 bp −$4	4.9 bp −$49	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
SunX DRAM-USDT	0.0000%	8h	62.420	+0.211%	$748	$3.1M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.380	+0.147%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.360	+0.115%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDClong	+0.0001%	4h	62.288	long leg	$151K	$296K	20x
Aftermath Perps DRAMUSD	+0.0037%	1h	62.247	−0.067%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.350	+0.099%	—	—	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.365	+0.123%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.340	+0.083%	$1.2M	$1.7M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.340	+0.083%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.434	+0.234%	$76K	$40K	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	62.290	+0.003%	$3.0M	$447K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.240	−0.078%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.390	+0.163%	$9K	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0101%	1h	62.350	+0.099%	$267K	$1.3M	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.381	+0.148%	$4K	—	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.390	+0.163%	$1.0M	$78K	10x	as long as short
Lighter DRAM	+0.0176%	1h	62.369	+0.129%	$979K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.592%	$535K	$95K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0215%	8h	62.410	+0.195%	$5.5M	$4.7M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0222%	8h	62.429	+0.226%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0314%	8h	62.370	+0.131%	$26.3M	$12.8M	20x	as long as short
Aster DRAMUSDT	+0.0351%	8h	62.271	−0.028%	$200K	$36K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0427%	1h	62.350	+0.099%	$81.9M	$39.6M	20x	as long as short
Variational Omni DRAM	+0.0437%	8h	62.395	+0.172%	$2.4M	$766K	—	as long as short
MEXC DRAM_USDT	+0.0476%	8h	62.350	+0.099%	$10.1M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0480%	1h	62.367	+0.125%	$75K	$767K	10x	as long as short
Binance DRAMUSDT	+0.0482%	8h	62.391	+0.165%	$44.6M	$81.5M	50x	as long as short
Entropy io:DRAM	+0.0508%	1h	62.279	−0.015%	$254K	$475K	25x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.320	+0.051%	$51K	$83K	10x	as long as short
Bybit DRAMUSDT	+0.0628%	8h	62.440	+0.243%	$9.7M	$10.5M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0670%	8h	62.300	+0.019%	$37K	$164K	10x	as long as short
Gate DRAM_USDT	+0.0778%	8h	62.400	+0.179%	$8.3M	$3.4M	75x	as long as short
BloFin DRAM-USDT	+0.0832%	8h	62.430	+0.227%	$297K	$26K	20x	as long as short
RISEx DRAM/USDCshort	+0.1096%	1h	62.396	+0.173%	$455K	$492K	20x