Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.076%

Price spread now: RISEx against Phemex−0.028%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1031.035% of the position

Long on Phemex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.128%+$13 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.028%, 7d avg 0.000%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.028% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	62.440	0	get 0.0000% / 8h	4h 11m	$1.7M	$1.3M	10x
Short	RISEx DRAM/USDC	62.422	0	get 0.0000% / 1h	11m 19s	$441K	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → 0.000%: −$2.79
Slippage, 4 orders: −$85.46
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$106.25
Costs to cover: 1.035%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; RISEx: live order book, 47 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	3.20 bp	48.5 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 47 min ago	1.36 bp	4.4 bp −$4	5.7 bp −$57	doesn't fit	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
RISEx DRAM/USDCshort	0.0000%	1h	62.422	−0.028%	$441K	$502K	20x
SunX DRAM-USDT	0.0000%	8h	62.430	−0.016%	$1K	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.440	long leg	$1.7M	$1.3M	10x
GRVT DRAM_USDT_Perp	+0.0003%	8h	62.405	−0.057%	$36K	$174K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.402	−0.060%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.407	−0.053%	$1.0M	$1.1M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	−0.064%	$49K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.370	−0.112%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.397	−0.069%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.425	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.370	−0.112%	$1.1M	$2.3M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.410	−0.048%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	62.390	−0.081%	$151K	$299K	20x	as long as short
Bitget DRAMUSDT	+0.0073%	8h	62.440	0.000%	$26.2M	$13.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0084%	8h	62.411	−0.046%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0086%	1h	62.411	−0.046%	$81.8M	$35.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0099%	8h	62.440	0.000%	$5.5M	$4.5M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	62.382	−0.092%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.410	−0.048%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.440	0.000%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.440	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.440	0.000%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0134%	8h	62.460	+0.032%	$9.7M	$9.7M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.176%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0155%	1h	62.401	−0.062%	$183K	$441K	25x	as long as short
Aster DRAMUSDT	+0.0249%	8h	62.426	−0.023%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0326%	8h	62.404	−0.058%	$2.4M	$747K	—	as long as short
Extended DRAM-USD	+0.0360%	1h	62.418	−0.036%	$76K	$622K	10x	as long as short
Binance DRAMUSDT	+0.0364%	8h	62.436	−0.007%	$44.9M	$80.1M	50x	as long as short
MEXC DRAM_USDT	+0.0365%	8h	62.430	−0.016%	$8.9M	$5.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.410	−0.048%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0397%	8h	62.460	+0.032%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0635%	8h	62.460	+0.032%	$8.2M	$3.5M	75x	as long as short