Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SoDEX against Orderly−0.033%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$2 a day on $10k at the current rate, and SoDEX is 0.033% cheaper against Orderly than usual: you would sell low and buy high (−$3 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	Orderly PERP_DRAM_USDC_mythos	60.880	0.0100	pay 0.0100% / 8h	7m 44s	$8K	—	10x
Short	SoDEX DRAM-USD	60.860	0.0050	get 0.0006% / 1h	7m 44s	$2K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. 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 OrderlybpFee SoDEXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$10.5
Price spread: −0.033% → 0.000%: −$3.29
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$27.79
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SoDEX: 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 Orderly no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Orderly and SoDEX: 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
Bitget DRAMUSDT	−0.0765%	8h	60.900	+0.033%	$26.6M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.888	+0.014%	$195K	$38K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.865	−0.025%	$421K	$340K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.900	+0.033%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.847	−0.054%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.880	0.000%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.880	0.000%	$846	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	60.850	−0.049%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.880	0.000%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.860	−0.033%	$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
OKX DRAM-USDT-SWAP	+0.0010%	8h	60.880	0.000%	$5.4M	$6.0M	50x	as long as short
Extended DRAM-USD	+0.0016%	1h	60.851	−0.047%	$74K	$198K	10x	as long as short
MEXC DRAM_USDT	+0.0016%	8h	60.850	−0.049%	$8.4M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0016%	8h	60.860	−0.033%	$43.8M	$89.1M	50x	as long as short
Bybit DRAMUSDT	+0.0023%	8h	60.890	+0.016%	$9.6M	$10.4M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.863	−0.027%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.840	−0.066%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.860	−0.033%	$991K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.840	−0.066%	—	—	10x	as long as short
BloFin DRAM-USDT	+0.0047%	8h	60.890	+0.016%	$297K	$26K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.834	−0.076%	$179K	$479K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.841	−0.064%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USDshort	+0.0050%	1h	60.860	−0.033%	$2K	$15K	20x
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.830	−0.082%	$1.1M	$3.5M	10x	as long as short
Paradex DRAM-USD-PERP	+0.0094%	8h	60.860	−0.033%	—	—	5x	as long as short
edgeX DRAMUSDC	+0.0100%	4h	60.849	−0.051%	$147K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.839	−0.068%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.860	−0.033%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.870	−0.016%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	60.880	long leg	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	60.865	−0.025%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.940	+0.099%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0180%	1h	60.839	−0.067%	$78.7M	$35.7M	20x	as long as short
Lighter DRAM	+0.0352%	1h	60.874	−0.010%	$1.1M	$1.2M	20x	as long as short