Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0551%/8h= −60.3% APRpaid last 24h −0.091%

Price spread now: Bitget against Deribit+0.016%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$17 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	61.980	0.0719	pay 0.0090% / 1h	20m 50s	$13K	$9K	20x
Short	Bitget DRAMUSDT	61.990	0.0168	get 0.0168% / 8h	20m 50s	$26.1M	$12.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$115.71
Price spread: +0.016% → 0.000%: $1.61
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$133.09
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 3 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 Deribit no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	0.81 bp	8.1 bp −$8	13.7 bp −$137	36.4 bp −$3,635	doesn't fit

Deribit: 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
Gate DRAM_USDT	0.0000%	8h	61.990	+0.016%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.970	−0.016%	$1K	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.940	−0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.810	−0.274%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.949	−0.050%	$1K	$36K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	61.945	−0.057%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.860	−0.194%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.952	−0.045%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.961	−0.031%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	−0.129%	$1.2M	$1.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.920	−0.097%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.984	+0.007%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.940	−0.065%	$3.0M	$473K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.870	−0.177%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.970	−0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.977	−0.005%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0165%	8h	62.000	+0.032%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDTshort	+0.0168%	8h	61.990	+0.016%	$26.1M	$12.6M	20x
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.645%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0194%	8h	61.970	−0.016%	—	—	5x	as long as short
Lighter DRAM	+0.0224%	1h	61.989	+0.015%	$978K	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0257%	8h	61.980	0.000%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0264%	8h	61.962	−0.029%	$36K	$171K	10x	as long as short
Bybit DRAMUSDT	+0.0288%	8h	62.029	+0.079%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.980	0.000%	$456K	$476K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0304%	1h	61.978	−0.003%	$80.5M	$39.9M	20x	as long as short
Entropy io:DRAM	+0.0321%	1h	61.911	−0.111%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0349%	8h	61.967	−0.022%	$2.4M	$955K	—	as long as short
MEXC DRAM_USDT	+0.0385%	8h	61.980	0.000%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0392%	1h	61.971	−0.015%	$77K	$767K	10x	as long as short
Binance DRAMUSDT	+0.0392%	8h	61.993	+0.021%	$43.7M	$82.3M	50x	as long as short
BloFin DRAM-USDT	+0.0650%	8h	61.970	−0.016%	$252K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.960	−0.032%	$50K	$90K	10x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0719%	1h	61.980	long leg	$13K	$9K	20x