Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.104%

Price spread now: SunX against Deribit+0.032%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 SunX

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 pays, funding is against you. SunX is 0.032% dearer against Deribit than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	62.190	0.0072	pay 0.0009% / 1h	26m 57s	$13K	$3K	20x
Short	SunX DRAM-USDT	62.210	0	get 0.0000% / 8h	5h 26m	$719	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$15.06
Price spread: +0.032% → 0.000%: $3.22
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$26.84
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	22.53 bp	doesn't fit	doesn't fit	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	62.201	+0.018%	$441K	$506K	20x	as long as short
SunX DRAM-USDTshort	0.0000%	8h	62.210	+0.032%	$719	$2.8M	10x
HTX DRAM-USDT	0.0000%	8h	62.210	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.220	+0.048%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	62.193	+0.005%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.210	+0.032%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.180	−0.016%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.178	−0.019%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.204	+0.023%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.140	−0.080%	$1.2M	$2.1M	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	+0.0055%	1h	62.180	−0.016%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0063%	1h	62.184	−0.010%	$251K	$422K	25x	as long as short
edgeX DRAMUSDC	+0.0067%	4h	62.242	+0.084%	$151K	$296K	20x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0072%	1h	62.190	long leg	$13K	$3K	20x
Bitget DRAMUSDT	+0.0074%	8h	62.220	+0.048%	$26.2M	$13.2M	20x	as long as short
Lighter DRAM	+0.0096%	1h	62.204	+0.023%	$967K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.212	+0.036%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.210	+0.032%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	+0.032%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.220	+0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.217	+0.043%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0133%	8h	62.196	+0.009%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0162%	8h	62.270	+0.129%	$36K	$158K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0170%	1h	62.200	+0.016%	$81.7M	$37.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.241%	$534K	$74K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0190%	8h	62.220	+0.048%	$5.5M	$4.4M	50x	as long as short
Bybit DRAMUSDT	+0.0261%	8h	62.248	+0.093%	$9.7M	$10.1M	100x	as long as short
Aster DRAMUSDT	+0.0394%	8h	62.229	+0.063%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0480%	8h	62.252	+0.100%	$2.4M	$715K	—	as long as short
Extended DRAM-USD	+0.0512%	1h	62.191	+0.001%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0513%	8h	62.213	+0.037%	$44.7M	$81.7M	50x	as long as short
MEXC DRAM_USDT	+0.0515%	8h	62.210	+0.032%	$9.2M	$5.6M	100x	as long as short
Gate DRAM_USDT	+0.0532%	8h	62.260	+0.113%	$8.1M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0768%	8h	62.210	+0.032%	$301K	$26K	20x	as long as short