Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Phemex−0.081%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.081% cheaper against Phemex than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.640	0	get 0.0000% / 8h	3h 05m	$1.7M	$1.3M	10x
Short	HTX DRAM-USDT	61.590	0	get 0.0000% / 8h	3h 05m	$28K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → 0.000%: −$8.11
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.11
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 3 min ago; HTX: 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, 3 min ago	3.25 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
RISEx DRAM/USDC	0.0000%	1h	61.580	−0.098%	$433K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.590	−0.081%	$26.0M	$13.8M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.527	−0.183%	$37K	$189K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.620	−0.032%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDTshort	0.0000%	8h	61.590	−0.081%	$28K	$3K	20x
Phemex DRAMUSDTlong	0.0000%	8h	61.640	long leg	$1.7M	$1.3M	10x
edgeX DRAMUSDC	+0.0015%	4h	61.519	−0.196%	$149K	$298K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.607	−0.053%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.570	−0.114%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.560	−0.130%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.580	−0.097%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.574	−0.107%	$170K	$465K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.623	−0.028%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.594	−0.075%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.510	−0.211%	$1.1M	$2.5M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0053%	8h	61.590	−0.081%	$5.4M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0067%	8h	61.610	−0.049%	$9.5M	$9.9M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.576	−0.103%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.580	−0.097%	$3.0M	$399K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.550	−0.146%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.630	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.620	−0.032%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	61.510	−0.211%	$528K	$74K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0112%	8h	61.594	−0.075%	—	—	5x	as long as short
Aster DRAMUSDT	+0.0130%	8h	61.604	−0.059%	$198K	$35K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0141%	1h	61.570	−0.114%	$80.1M	$35.6M	20x	as long as short
Variational Omni DRAM	+0.0186%	8h	61.614	−0.042%	$2.4M	$618K	—	as long as short
Lighter DRAM	+0.0208%	1h	61.590	−0.081%	$1.1M	$1.2M	20x	as long as short
BloFin DRAM-USDT	+0.0210%	8h	61.570	−0.114%	$299K	$26K	20x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.565	−0.122%	$75K	$239K	10x	as long as short
MEXC DRAM_USDT	+0.0243%	8h	61.570	−0.114%	$9.0M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0244%	8h	61.581	−0.096%	$44.0M	$82.3M	50x	as long as short
Gate DRAM_USDT	+0.0333%	8h	61.640	0.000%	$8.1M	$3.6M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0724%	1h	61.640	0.000%	$13K	$3K	20x	as long as short