Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX 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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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: +$2 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	61.600	0	get 0.0000% / 8h	2h 45m	$1.7M	$1.3M	10x
Short	SoDEX DRAM-USD	61.610	0.0050	get 0.0006% / 1h	45m 55s	$2K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $10.5
Price spread: +0.016% → 0.000%: $1.62
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$7.88
Costs to cover: 0.200%
Break-even: 12.3 days

Slippage unknown: Phemex: live order book, 2 min ago; SoDEX: 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	4.06 bp	62.9 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	61.623	+0.038%	$434K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.630	+0.049%	$26.0M	$13.9M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.731	+0.212%	$36K	$191K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.610	+0.016%	$726	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.600	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.600	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0024%	1h	61.620	+0.032%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.620	+0.032%	$48K	$76K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.590	−0.016%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.620	+0.032%	$1.0M	$84K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	61.600	0.000%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USDshort	+0.0050%	1h	61.610	+0.016%	$2K	$15K	20x
Entropy io:DRAM	+0.0050%	1h	61.608	+0.013%	$170K	$466K	25x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.580	−0.032%	$1.1M	$2.6M	10x	as long as short
Bybit DRAMUSDT	+0.0053%	8h	61.639	+0.063%	$9.5M	$10.0M	100x	as long as short
OKX DRAM-USDT-SWAP	+0.0053%	8h	61.640	+0.065%	$5.4M	$4.7M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0075%	1h	61.610	+0.016%	$13K	$3K	20x	as long as short
edgeX DRAMUSDC	+0.0091%	4h	61.666	+0.107%	$149K	$299K	20x	as long as short
Aster DRAMUSDT	+0.0098%	8h	61.622	+0.036%	$198K	$35K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.603	+0.005%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.600	0.000%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	+0.179%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.630	+0.049%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.624	+0.039%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.613	+0.021%	—	—	5x	as long as short
Variational Omni DRAM	+0.0157%	8h	61.624	+0.039%	$2.4M	$618K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.510	−0.146%	$528K	$74K	20x	as long as short
Extended DRAM-USD	+0.0208%	1h	61.610	+0.016%	$74K	$238K	10x	as long as short
Binance DRAMUSDT	+0.0211%	8h	61.627	+0.044%	$44.2M	$83.4M	50x	as long as short
MEXC DRAM_USDT	+0.0213%	8h	61.600	0.000%	$9.0M	$5.5M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0213%	1h	61.607	+0.011%	$80.0M	$35.6M	20x	as long as short
BloFin DRAM-USDT	+0.0224%	8h	61.680	+0.130%	$300K	$26K	20x	as long as short
Lighter DRAM	+0.0232%	1h	61.612	+0.019%	$1.1M	$1.2M	20x	as long as short
Gate DRAM_USDT	+0.0235%	8h	61.650	+0.081%	$8.1M	$3.6M	75x	as long as short