Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.083%

Price spread now: Arcus against Phemex+0.016%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.140	0	get 0.0000% / 8h	1h 41m	$1.7M	$1.3M	10x
Short	Arcus DRAM-USD	61.150	0.0040	get 0.0005% / 1h	41m 30s	$48K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phemex. 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 PhemexbpFee ArcusbpOrdersPrice spread, now +0.016%Rate

Funding earned: $8.46
Price spread: +0.016% → 0.000%: $1.64
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$6.41
Costs to cover: 0.165%
Break-even: 12.3 days

Slippage unknown: Phemex: live order book, 2 min ago; Arcus: 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 Phemex live order book, 2 min ago	2.45 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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	−0.0495%	8h	61.150	+0.016%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.150	+0.016%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.116	−0.039%	$423K	$368K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.180	+0.065%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.202	+0.101%	$36K	$200K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.140	0.000%	$690	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.180	+0.065%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.140	long leg	$1.7M	$1.3M	10x
Aster DRAMUSDT	+0.0014%	8h	61.145	+0.009%	$197K	$35K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0027%	8h	61.150	+0.016%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps DRAMUSD	+0.0030%	1h	61.158	+0.029%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.140	0.000%	$996K	$84K	10x	as long as short
Arcus DRAM-USDshort	+0.0040%	1h	61.150	+0.016%	$48K	$68K	10x
Vest DRAM-USD-PERP	+0.0046%	1h	61.120	−0.033%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.137	−0.005%	$169K	$470K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.108	−0.052%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.135	−0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.090	−0.082%	$1.1M	$3.4M	10x	as long as short
Variational Omni DRAM	+0.0076%	8h	61.194	+0.089%	$2.3M	$682K	—	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.120	−0.033%	$13K	$3K	20x	as long as short
edgeX DRAMUSDC	+0.0085%	4h	61.216	+0.124%	$148K	$299K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0094%	1h	61.101	−0.064%	$79.2M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.129	−0.017%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.120	−0.033%	$3.0M	$415K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.230	+0.147%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.150	+0.016%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0101%	8h	61.126	−0.023%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.144	+0.007%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0115%	8h	61.200	+0.098%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0116%	8h	61.123	−0.028%	$43.7M	$87.5M	50x	as long as short
MEXC DRAM_USDT	+0.0117%	8h	61.120	−0.033%	$8.0M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0120%	1h	61.100	−0.065%	$74K	$193K	10x	as long as short
Lighter DRAM	+0.0128%	1h	61.158	+0.029%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.049%	$525K	$75K	20x	as long as short