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: SunX against Phemex+0.032%7-day average −0.006% · you sell dearer than you buy

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

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.032%, 7d avg −0.006%

Together, before fees−0.024%−$2 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: SunX is 0.038% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	62.150	0	get 0.0000% / 8h	6h 36m	$1.7M	$1.3M	10x
Short	SunX DRAM-USDT	62.170	0	get 0.0000% / 8h	6h 36m	$972	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.006%: $3.81
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.19
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; SunX: live order book, 11 min ago. 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	7.24 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	45.76 bp	doesn't fit	doesn't fit	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
SunX DRAM-USDTshort	0.0000%	8h	62.170	+0.032%	$972	$2.9M	10x
HTX DRAM-USDT	0.0000%	8h	62.180	+0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.150	long leg	$1.7M	$1.3M	10x
edgeX DRAMUSDC	+0.0021%	4h	62.152	+0.003%	$150K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.152	+0.003%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.150	0.000%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.110	−0.064%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.140	−0.016%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.127	−0.037%	$252K	$434K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.148	−0.003%	$266K	$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	62.142	−0.013%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.110	−0.064%	$1.1M	$1.8M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.118	−0.052%	$76K	$43K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.130	−0.032%	$3.0M	$407K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	+0.097%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.200	+0.080%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.186	+0.058%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.139	−0.018%	$965K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.032%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0184%	8h	62.138	−0.019%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0225%	8h	62.170	+0.032%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0231%	1h	62.130	−0.032%	$81.8M	$36.9M	20x	as long as short
Bitget DRAMUSDT	+0.0355%	8h	62.150	0.000%	$26.0M	$12.8M	20x	as long as short
Bybit DRAMUSDT	+0.0365%	8h	62.192	+0.068%	$9.6M	$10.2M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0394%	1h	62.130	−0.032%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0474%	8h	62.176	+0.042%	$200K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0518%	8h	62.189	+0.062%	$37K	$152K	10x	as long as short
Variational Omni DRAM	+0.0568%	8h	62.195	+0.073%	$2.4M	$758K	—	as long as short
Gate DRAM_USDT	+0.0585%	8h	62.180	+0.048%	$8.2M	$3.4M	75x	as long as short
Extended DRAM-USD	+0.0600%	1h	62.137	−0.020%	$75K	$663K	10x	as long as short
MEXC DRAM_USDT	+0.0602%	8h	62.150	0.000%	$9.7M	$5.9M	100x	as long as short
Binance DRAMUSDT	+0.0602%	8h	62.156	+0.010%	$44.6M	$82.2M	50x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.152	+0.004%	$448K	$504K	20x	as long as short
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.370%	$301K	$26K	20x	as long as short