Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0102%/8h= +11.2% APRnext payment +$1.02 per $10,000 · paid last 24h —

Price spread now: Bybit against Paradex+0.032%49s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.032% dearer against Paradex 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 49 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	Paradex DRAM-USD-PERP	61.970	0.0177	pay 0.0177% / 8h	39m 52s	—	—	5x
Short	Bybit DRAMUSDT	61.990	0.0279	get 0.0279% / 8h	39m 52s	$9.3M	$10.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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 ParadexbpFee BybitbpOrdersPrice spread, now +0.032%Rate

Funding earned: $21.42
Price spread: +0.032% → 0.000%: $3.2
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $9.62
Costs to cover: 0.150%
Break-even: 3.9 days

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.81 bp	7.6 bp −$8	13.3 bp −$133	107.9 bp −$10.8K	doesn't fit

Paradex: 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	+0.016%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.970	0.000%	$686	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.920	−0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.820	−0.242%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.982	+0.019%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.920	−0.081%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.953	−0.028%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.968	−0.003%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.920	−0.081%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0072%	4h	61.972	+0.003%	$153K	$291K	20x	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	61.970	0.000%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.975	+0.008%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.920	−0.081%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.900	−0.113%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.970	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.971	+0.001%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0145%	8h	61.990	+0.032%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0147%	8h	61.960	−0.016%	$26.0M	$12.7M	20x	as long as short
Paradex DRAM-USD-PERPlong	+0.0177%	8h	61.970	long leg	—	—	5x
Aster DRAMUSDT	+0.0182%	8h	61.971	+0.002%	$199K	$36K	20x	as long as short
Lighter DRAM	+0.0184%	1h	61.957	−0.021%	$977K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.630%	$510K	$43K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0196%	8h	61.973	+0.004%	$36K	$172K	10x	as long as short
Variational Omni DRAM	+0.0276%	8h	61.967	−0.005%	$2.4M	$947K	—	as long as short
Bybit DRAMUSDTshort	+0.0279%	8h	61.990	+0.032%	$9.3M	$10.5M	100x
RISEx DRAM/USDC	+0.0295%	1h	61.980	+0.016%	$457K	$475K	20x	as long as short
MEXC DRAM_USDT	+0.0313%	8h	61.960	−0.016%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0320%	1h	61.956	−0.022%	$77K	$766K	10x	as long as short
Binance DRAMUSDT	+0.0320%	8h	61.966	−0.006%	$43.9M	$82.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0322%	1h	61.961	−0.015%	$80.4M	$39.9M	20x	as long as short
Entropy io:DRAM	+0.0328%	1h	61.919	−0.083%	$260K	$502K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.950	−0.033%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0566%	8h	61.990	+0.032%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.950	−0.033%	$50K	$89K	10x	as long as short