Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.022%

Price spread now: Phemex against edgeX−0.139%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1151.153% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now −0.139%, 7d avg +0.011%

Together, before fees+0.016%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.150% cheaper against edgeX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DRAMUSDC	61.666	0.0091	pay 0.0046% / 4h	2h 46m	$149K	$299K	20x
Short	Phemex DRAMUSDT	61.580	0	get 0.0000% / 8h	2h 46m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$19.15
Price spread: −0.139% → +0.011%: −$14.99
Slippage, 4 orders: −$94.34
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$149.48
Costs to cover: 1.153%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Phemex: live order book, 2 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 edgeX live order book, 1 min ago	2.43 bp	7.2 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	4.06 bp	38.2 bp −$38	doesn't fit	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	61.623	−0.069%	$434K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.630	−0.058%	$26.0M	$13.9M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.731	+0.105%	$36K	$191K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.670	+0.007%	$685	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.580	−0.139%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.690	+0.039%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.580	−0.139%	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0024%	1h	61.608	−0.094%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.620	−0.075%	$48K	$76K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.590	−0.123%	—	—	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	+0.0050%	1h	61.620	−0.075%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.600	−0.107%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.601	−0.105%	$2K	$15K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.608	−0.094%	$170K	$466K	25x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.580	−0.139%	$1.1M	$2.6M	10x	as long as short
Bybit DRAMUSDT	+0.0053%	8h	61.643	−0.037%	$9.5M	$10.0M	100x	as long as short
OKX DRAM-USDT-SWAP	+0.0053%	8h	61.640	−0.042%	$5.4M	$4.7M	50x	as long as short
edgeX DRAMUSDClong	+0.0091%	4h	61.666	long leg	$149K	$299K	20x
Aster DRAMUSDT	+0.0098%	8h	61.626	−0.064%	$198K	$35K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.603	−0.102%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.600	−0.107%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	+0.071%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.610	−0.091%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.595	−0.115%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.613	−0.086%	—	—	5x	as long as short
Variational Omni DRAM	+0.0167%	8h	61.714	+0.078%	$2.4M	$618K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.510	−0.253%	$528K	$74K	20x	as long as short
Binance DRAMUSDT	+0.0211%	8h	61.620	−0.075%	$44.2M	$83.4M	50x	as long as short
MEXC DRAM_USDT	+0.0213%	8h	61.620	−0.075%	$9.0M	$5.5M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0214%	1h	61.601	−0.105%	$80.0M	$35.6M	20x	as long as short
Extended DRAM-USD	+0.0216%	1h	61.614	−0.085%	$74K	$238K	10x	as long as short
BloFin DRAM-USDT	+0.0224%	8h	61.680	+0.023%	$300K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0235%	8h	61.670	+0.007%	$8.1M	$3.6M	75x	as long as short
Lighter DRAM	+0.0256%	1h	61.639	−0.044%	$1.1M	$1.2M	20x	as long as short