Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.004%

Price spread now: RISEx against Binance+0.059%7-day average −0.008% · 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−$12as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.059%, 7d avg −0.008%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.067% dearer against Binance than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.008%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 21 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.020% in total (about 2.0% 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	Binance DRAMUSDT	61.780	0.0256	pay 0.0256% / 8h	3h 15m	$44.2M	$81.7M	50x
Short	RISEx DRAM/USDC	61.816	0	get 0.0000% / 1h	15m 03s	$435K	$500K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$53.69
Price spread: +0.059% → −0.008%: $6.72
Slippage, 4 orders: −$2.9
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$65.88
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; RISEx: live order book, 38 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 Binance live order book, 13 min ago	0.81 bp	5.8 bp −$6	7.9 bp −$79	35.4 bp −$3,537	doesn't fit
Sell RISEx live order book, 38 min ago	0.64 bp	3.6 bp −$4	5.3 bp −$53	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	61.816	+0.059%	$435K	$500K	20x
Bitget DRAMUSDT	0.0000%	8h	61.820	+0.065%	$26.0M	$13.7M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.779	−0.001%	$36K	$188K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.830	+0.081%	$710	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.800	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.800	+0.032%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.800	+0.033%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.810	+0.049%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.780	0.000%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.780	0.000%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0050%	1h	61.758	−0.036%	$172K	$461K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.796	+0.026%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.785	+0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.730	−0.081%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0056%	8h	61.800	+0.032%	$5.4M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0075%	8h	61.820	+0.065%	$9.6M	$9.9M	100x	as long as short
edgeX DRAMUSDC	+0.0083%	4h	61.763	−0.027%	$150K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.770	−0.016%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	−0.016%	$3.0M	$398K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.760	−0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.810	+0.049%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.792	+0.019%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	61.720	−0.097%	$530K	$74K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.793	+0.021%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0131%	1h	61.758	−0.036%	$80.4M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0141%	8h	61.776	−0.007%	$199K	$35K	20x	as long as short
Variational Omni DRAM	+0.0197%	8h	61.824	+0.072%	$2.4M	$739K	—	as long as short
Lighter DRAM	+0.0208%	1h	61.795	+0.024%	$1.1M	$1.2M	20x	as long as short
BloFin DRAM-USDT	+0.0226%	8h	61.830	+0.081%	$300K	$26K	20x	as long as short
MEXC DRAM_USDT	+0.0255%	8h	61.780	0.000%	$8.2M	$5.6M	100x	as long as short
Binance DRAMUSDTlong	+0.0256%	8h	61.780	long leg	$44.2M	$81.7M	50x
Extended DRAM-USD	+0.0256%	1h	61.773	−0.012%	$75K	$239K	10x	as long as short
Gate DRAM_USDT	+0.0396%	8h	61.820	+0.065%	$8.1M	$3.6M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.800	+0.032%	$13K	$3K	20x	as long as short