Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.035%

Price spread now: SoDEX against Bybit−0.064%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.064% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	62.036	0.0100	pay 0.0100% / 8h	3h 44m	$9.7M	$9.7M	100x
Short	SoDEX DRAM-USD	61.996	0.0050	get 0.0006% / 1h	44m 16s	$2K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$10.52
Price spread: −0.064% → 0.000%: −$6.45
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$35.96
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; SoDEX: no order-book sample. 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 Bybit live order book, 4 min ago	0.81 bp	7.6 bp −$8	15.2 bp −$152	129.8 bp −$13.0K	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	62.003	−0.053%	$436K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.030	−0.010%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.110	+0.119%	$36K	$180K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.980	−0.090%	$800	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	−0.090%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.020	−0.026%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	62.083	+0.076%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.045	+0.014%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.980	−0.090%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.020	−0.026%	$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	61.980	−0.090%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.025	−0.018%	$165K	$455K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.979	−0.092%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USDshort	+0.0050%	1h	61.996	−0.064%	$2K	$15K	20x
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	−0.058%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0069%	8h	62.040	+0.006%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0079%	8h	61.960	−0.123%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.001	−0.056%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.990	−0.074%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.100	+0.103%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.010	−0.042%	$9K	—	10x	as long as short
Bybit DRAMUSDTlong	+0.0100%	8h	62.036	long leg	$9.7M	$9.7M	100x
Aevo DRAM-PERP	+0.0104%	1h	62.022	−0.023%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.119%	$533K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0130%	1h	61.988	−0.077%	$81.1M	$35.6M	20x	as long as short
Lighter DRAM	+0.0136%	1h	62.002	−0.055%	$1.0M	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0183%	8h	62.036	+0.001%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	+0.029%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0281%	8h	62.070	+0.055%	$300K	$26K	20x	as long as short
Extended DRAM-USD	+0.0296%	1h	62.003	−0.053%	$76K	$657K	10x	as long as short
Binance DRAMUSDT	+0.0298%	8h	62.018	−0.029%	$44.5M	$80.5M	50x	as long as short
MEXC DRAM_USDT	+0.0303%	8h	62.010	−0.042%	$8.2M	$5.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	62.000	−0.058%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0548%	8h	62.040	+0.006%	$8.1M	$3.5M	75x	as long as short