Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.046%

Price spread now: Phemex against MEXC+0.083%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$900.898% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.083%, 7d avg +0.007%

Together, before fees−0.218%−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.076% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DRAM_USDT	60.410	0	get 0.0000% / 8h	7h 36m	$8.4M	$5.4M	100x
Short	Phemex DRAMUSDT	60.460	0	get 0.0000% / 8h	7h 36m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against MEXC. 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 MEXCbpFee PhemexbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.007%: $7.6
Slippage, 4 orders: −$77.77
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$82.17
Costs to cover: 0.898%
Break-even: never at this rate

Slippage from MEXC: 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 MEXC live order book, 1 min ago	0.83 bp	0.8 bp −$1	0.8 bp −$8	4.6 bp −$459	20.9 bp −$10.5K
Sell Phemex live order book, 2 min ago	2.48 bp	44.5 bp −$45	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
Bitget DRAMUSDT	−0.0642%	8h	60.410	0.000%	$26.3M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.462	+0.087%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.416	+0.009%	$76K	$219K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.428	+0.030%	$43.3M	$89.9M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.410	0.000%	$9.5M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.476	+0.109%	$417K	$342K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.440	+0.050%	$7.9M	$3.7M	75x	as long as short
MEXC DRAM_USDTlong	0.0000%	8h	60.410	long leg	$8.4M	$5.4M	100x
Variational Omni DRAM	0.0000%	8h	60.515	+0.174%	$2.3M	$581K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.520	+0.182%	$36K	$209K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.480	+0.116%	$816	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.450	+0.066%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	60.460	+0.083%	$1.7M	$1.3M	10x
OKX DRAM-USDT-SWAP	+0.0007%	8h	60.420	+0.017%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0022%	8h	60.510	+0.166%	$299K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	60.475	+0.107%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.390	−0.033%	$47K	$66K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.370	−0.066%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.452	+0.070%	$177K	$477K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.340	−0.116%	$251K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.462	+0.086%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.380	−0.050%	$1.0M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.380	−0.050%	$984K	$85K	10x	as long as short
edgeX DRAMUSDC	+0.0099%	4h	60.509	+0.164%	$147K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.392	−0.029%	$72K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.410	0.000%	$2.9M	$400K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.500	+0.149%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.480	+0.116%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0100%	8h	60.405	−0.009%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.462	+0.086%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0127%	1h	60.397	−0.022%	$78.2M	$35.1M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.470	+0.099%	$531K	$87K	20x	as long as short
Lighter DRAM	+0.0264%	1h	60.421	+0.018%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0412%	1h	60.450	+0.066%	$12K	$3K	20x	as long as short