Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h −0.017%

Price spread now: Bybit against RISEx+0.080%7-day average +0.016% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.048%−$5 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.080%, 7d avg +0.016%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.063% dearer against RISEx than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	62.009	0	get 0.0000% / 1h	42m 57s	$436K	$501K	20x
Short	Bybit DRAMUSDT	62.058	0.0099	get 0.0099% / 8h	3h 42m	$9.7M	$9.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against RISEx. 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 RISExbpFee BybitbpOrdersPrice spread, now +0.080%Rate

Funding earned: $20.8
Price spread: +0.080% → +0.016%: $6.32
Slippage, 4 orders: −$5.34
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $4.78
Costs to cover: 0.223%
Break-even: 5.4 days

Slippage from RISEx: live order book, 10 min ago; Bybit: live order book, 5 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 RISEx live order book, 10 min ago	0.64 bp	3.6 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.81 bp	7.5 bp −$7	11.7 bp −$117	127.8 bp −$12.8K	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/USDClong	0.0000%	1h	62.009	long leg	$436K	$501K	20x
Bitget DRAMUSDT	0.0000%	8h	62.060	+0.083%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.020	+0.018%	$36K	$182K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.020	+0.018%	$731	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	−0.046%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.040	+0.050%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	62.083	+0.120%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.028	+0.031%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.000	−0.014%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.010	+0.002%	$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	61.970	−0.062%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.012	+0.005%	$165K	$455K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.994	−0.024%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.998	−0.017%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	−0.014%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0069%	8h	62.060	+0.083%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0080%	8h	61.981	−0.044%	—	—	5x	as long as short
Bybit DRAMUSDTshort	+0.0099%	8h	62.058	+0.080%	$9.7M	$9.7M	100x
Pacifica DRAM	+0.0100%	1h	62.016	+0.011%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.000	−0.014%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.040	+0.050%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.030	+0.034%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.035	+0.042%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.163%	$533K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0135%	1h	62.016	+0.012%	$81.1M	$35.6M	20x	as long as short
Lighter DRAM	+0.0136%	1h	62.016	+0.012%	$1.0M	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0180%	8h	62.038	+0.048%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	+0.073%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0275%	8h	62.020	+0.018%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0295%	8h	62.040	+0.050%	$44.5M	$80.6M	50x	as long as short
Extended DRAM-USD	+0.0296%	1h	62.022	+0.021%	$76K	$657K	10x	as long as short
MEXC DRAM_USDT	+0.0298%	8h	62.030	+0.034%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0541%	8h	62.060	+0.083%	$8.1M	$3.5M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0557%	1h	62.010	+0.002%	$13K	$3K	20x	as long as short