Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.046%

Price spread now: Binance against Phemex−0.019%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1011.005% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.019%, 7d avg −0.017%

Together, before fees+0.155%+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	60.400	0	get 0.0000% / 8h	7h 21m	$1.7M	$1.3M	10x
Short	Binance DRAMUSDT	60.388	0	get 0.0000% / 8h	7h 21m	$43.6M	$91.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.017%: −$0.24
Slippage, 4 orders: −$78.55
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$100.79
Costs to cover: 1.005%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 6 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 Phemex live order book, 2 min ago	3.32 bp	45.2 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.83 bp	5.8 bp −$6	8.1 bp −$81	31.4 bp −$3,136	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	−0.0547%	8h	60.400	0.000%	$26.4M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.355	−0.074%	$193K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.366	−0.057%	$75K	$248K	10x	as long as short
Binance DRAMUSDTshort	0.0000%	8h	60.388	−0.019%	$43.6M	$91.6M	50x
RISEx DRAM/USDC	0.0000%	1h	60.298	−0.168%	$416K	$337K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.370	−0.050%	$7.9M	$3.7M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.390	−0.017%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.103	−0.491%	$2.2M	$687K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.230	−0.281%	$36K	$210K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.360	−0.066%	$727	$2.5M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DRAM-USDT	0.0000%	8h	60.230	−0.281%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	60.400	long leg	$1.7M	$1.3M	10x
OKX DRAM-USDT-SWAP	+0.0017%	8h	60.410	+0.017%	$5.4M	$6.1M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.340	−0.099%	$47K	$67K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0041%	1h	60.234	−0.274%	$1K	$29K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	60.225	−0.291%	$146K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.430	+0.050%	—	—	10x	as long as short
Bybit DRAMUSDT	+0.0046%	8h	60.410	+0.017%	$9.5M	$10.5M	100x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.318	−0.136%	$164K	$498K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.345	−0.091%	$251K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.367	−0.055%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.260	−0.232%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.400	0.000%	$985K	$91K	10x	as long as short
BloFin DRAM-USDT	+0.0060%	8h	60.360	−0.066%	$301K	$26K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.316	−0.139%	$72K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.310	−0.149%	$2.9M	$400K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.250	−0.248%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.340	−0.099%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.322	−0.130%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0122%	8h	60.343	−0.094%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0195%	1h	60.352	−0.079%	$78.3M	$35.7M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.100	−0.497%	$527K	$87K	20x	as long as short
Lighter DRAM	+0.0296%	1h	60.376	−0.040%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0745%	1h	60.360	−0.066%	$12K	$3K	20x	as long as short