Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.014%

Price spread now: Extended against Bybit−0.061%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.061%, 7d avg −0.051%

Together, before fees+0.074%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% 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	Bybit DRAMUSDT	62.060	0.0108	pay 0.0108% / 8h	3h 45m	$9.7M	$9.7M	100x
Short	Extended DRAM-USD	62.022	0.0304	get 0.0038% / 1h	45m 53s	$76K	$657K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.061%Rate

Funding earned: $41.2
Price spread: −0.061% → −0.051%: −$1.02
Slippage, 4 orders: −$5.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $18.56
Costs to cover: 0.216%
Break-even: 3.8 days

Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 7 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 Bybit live order book, 2 min ago	0.81 bp	7.6 bp −$8	15.2 bp −$152	129.8 bp −$13.0K	doesn't fit
Sell Extended live order book, 7 min ago	0.48 bp	3.3 bp −$3	6.4 bp −$64	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/USDC	0.0000%	1h	62.063	+0.006%	$437K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.050	−0.016%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.110	+0.081%	$36K	$180K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.060	0.000%	$708	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.060	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.050	−0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.086	+0.041%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.050	−0.016%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.070	+0.016%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.020	−0.064%	—	—	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	62.068	+0.013%	$159K	$452K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.038	−0.035%	$265K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.054	−0.010%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	−0.097%	$1.1M	$2.3M	10x	as long as short
edgeX DRAMUSDC	+0.0059%	4h	62.085	+0.041%	$150K	$299K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0070%	8h	62.050	−0.016%	$5.4M	$4.5M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0080%	8h	62.065	+0.008%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.077	+0.027%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.020	−0.064%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.080	+0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.080	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.079	+0.031%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.081%	$533K	$75K	20x	as long as short
Bybit DRAMUSDTlong	+0.0108%	8h	62.060	long leg	$9.7M	$9.7M	100x
Lighter DRAM	+0.0112%	1h	62.051	−0.015%	$1.0M	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0137%	1h	62.017	−0.069%	$81.1M	$35.5M	20x	as long as short
Aster DRAMUSDT	+0.0189%	8h	62.078	+0.029%	$200K	$35K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0234%	1h	62.060	0.000%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	−0.009%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0282%	8h	62.090	+0.048%	$300K	$26K	20x	as long as short
Extended DRAM-USDshort	+0.0304%	1h	62.022	−0.061%	$76K	$657K	10x
Binance DRAMUSDT	+0.0306%	8h	62.037	−0.037%	$44.5M	$80.5M	50x	as long as short
MEXC DRAM_USDT	+0.0306%	8h	62.020	−0.064%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0559%	8h	62.070	+0.016%	$8.1M	$3.5M	75x	as long as short