Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0142%/8h= +15.5% APRnext payment +$1.42 per $10,000 · paid last 24h —

Price spread now: Paradex against Phemex−0.040%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 Paradex

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

Funding pays, the price is against you. Paradex is 0.040% cheaper against Phemex than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	62.250	0	get 0.0000% / 8h	5h 47m	$1.7M	$1.3M	10x
Short	Paradex DRAM-USD-PERP	62.225	0.0142	get 0.0142% / 8h	5h 47m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.040%Rate

Funding earned: $29.76
Price spread: −0.040% → 0.000%: −$3.96
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $9.8
Costs to cover: 0.160%
Break-even: 4.7 days

Slippage unknown: Phemex: live order book, 6 min ago; Paradex: 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, 6 min ago	2.41 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 33 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	62.231	−0.030%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.210	−0.064%	$785	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.250	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0031%	1h	62.227	−0.037%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.250	0.000%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.200	−0.080%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.215	−0.056%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.239	−0.018%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.170	−0.129%	$1.2M	$2.0M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.190	−0.096%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0058%	4h	62.298	+0.077%	$151K	$297K	20x	as long as short
Entropy io:DRAM	+0.0077%	1h	62.218	−0.051%	$253K	$421K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.205	−0.072%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.240	−0.016%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.320	+0.112%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.264	+0.023%	$4K	—	10x	as long as short
Lighter DRAM	+0.0128%	1h	62.224	−0.042%	$967K	$1.0M	20x	as long as short
Bitget DRAMUSDT	+0.0130%	8h	62.250	0.000%	$26.2M	$13.2M	20x	as long as short
Paradex DRAM-USD-PERPshort	+0.0142%	8h	62.225	−0.040%	—	—	5x
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.337%	$534K	$76K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0186%	1h	62.214	−0.058%	$82.1M	$36.9M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0207%	8h	62.250	0.000%	$5.5M	$4.5M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0231%	8h	62.312	+0.099%	$36K	$155K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.230	−0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0277%	8h	62.278	+0.045%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0422%	8h	62.266	+0.026%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0513%	8h	62.303	+0.085%	$2.4M	$710K	—	as long as short
Gate DRAM_USDT	+0.0525%	8h	62.290	+0.064%	$8.1M	$3.5M	75x	as long as short
Binance DRAMUSDT	+0.0544%	8h	62.240	−0.016%	$44.7M	$81.5M	50x	as long as short
Extended DRAM-USD	+0.0544%	1h	62.218	−0.051%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0547%	8h	62.230	−0.032%	$9.6M	$5.5M	100x	as long as short