Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0835%/8h= −91.4% APRpaid last 24h −0.077%

Price spread now: SunX against RISEx+0.010%7-day average −0.007% · you sell dearer than you buy

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

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.117%−$12 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.010%, 7d avg −0.007%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.117% in total (about -12.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	62.164	0.0835	pay 0.0104% / 1h	37m 00s	$448K	$504K	20x
Short	SunX DRAM-USDT	62.170	0	get 0.0000% / 8h	6h 37m	$972	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$175.34
Price spread: +0.010% → −0.007%: $1.78
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$187.56
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 31 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 RISEx live order book, 31 min ago	1.36 bp	4.4 bp −$4	5.6 bp −$56	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	+0.010%	$972	$2.9M	10x
HTX DRAM-USDT	0.0000%	8h	62.180	+0.026%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.150	−0.022%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0021%	4h	62.152	−0.019%	$150K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.152	−0.019%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.160	−0.006%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.110	−0.086%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.160	−0.006%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.147	−0.027%	$252K	$434K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.148	−0.025%	$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	−0.035%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.160	−0.006%	$1.1M	$1.8M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.193	+0.047%	$76K	$43K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.130	−0.054%	$3.0M	$407K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	+0.075%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.200	+0.059%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.186	+0.036%	$4K	—	10x	as long as short
Lighter DRAM	+0.0136%	1h	62.139	−0.040%	$965K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.054%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0186%	8h	62.180	+0.027%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0225%	8h	62.170	+0.010%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0232%	1h	62.131	−0.052%	$81.8M	$36.8M	20x	as long as short
Bybit DRAMUSDT	+0.0366%	8h	62.195	+0.051%	$9.6M	$10.2M	100x	as long as short
Bitget DRAMUSDT	+0.0367%	8h	62.150	−0.022%	$26.0M	$12.8M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0394%	1h	62.130	−0.054%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0475%	8h	62.175	+0.019%	$200K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0518%	8h	62.189	+0.040%	$37K	$152K	10x	as long as short
Variational Omni DRAM	+0.0568%	8h	62.195	+0.051%	$2.4M	$758K	—	as long as short
Gate DRAM_USDT	+0.0591%	8h	62.180	+0.026%	$8.2M	$3.4M	75x	as long as short
Extended DRAM-USD	+0.0600%	1h	62.140	−0.038%	$75K	$663K	10x	as long as short
Binance DRAMUSDT	+0.0603%	8h	62.158	−0.009%	$44.6M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0603%	8h	62.140	−0.038%	$9.7M	$5.9M	100x	as long as short
RISEx DRAM/USDClong	+0.0835%	1h	62.164	long leg	$448K	$504K	20x
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.348%	$301K	$26K	20x	as long as short