Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0426%/8h= +46.7% APRpaid last 24h +0.020%

Price spread now: RISEx against OKX−0.019%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.019%, 7d avg −0.003%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.042% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	61.360	0.0174	pay 0.0174% / 8h	5h 43m	$5.5M	$6.7M	50x
Short	RISEx DRAM/USDC	61.348	0.0600	get 0.0075% / 1h	43m 39s	$461K	$369K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now −0.019%Rate

Funding earned: $89.54
Price spread: −0.019% → −0.003%: −$1.57
Slippage, 4 orders: −$8.65
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $63.32
Costs to cover: 0.247%
Break-even: 2.0 days

Slippage from OKX: live order book, 2 min ago; RISEx: live order book, 3 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 OKX live order book, 2 min ago	0.81 bp	7.8 bp −$8	14.8 bp −$148	62.2 bp −$6,224	doesn't fit
Sell RISEx live order book, 3 min ago	1.55 bp	4.5 bp −$5	5.0 bp −$50	doesn't fit	doesn't fit

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.380	+0.033%	$9.6M	$11.3M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.360	0.000%	$26.9M	$17.1M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.350	−0.016%	$764	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.330	−0.049%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.350	−0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.345	−0.025%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.310	−0.081%	$59K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.260	−0.163%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.300	−0.098%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.319	−0.067%	$2K	$15K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.290	−0.114%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.300	−0.098%	$1.0M	$98K	10x	as long as short
edgeX DRAMUSDC	+0.0058%	4h	61.327	−0.053%	$149K	$300K	20x	as long as short
Lighter DRAM	+0.0096%	1h	61.331	−0.047%	$1.1M	$1.4M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.310	−0.081%	$73K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.320	−0.065%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.370	+0.016%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.330	−0.049%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.345	−0.025%	$4K	—	10x	as long as short
Gate DRAM_USDT	+0.0112%	8h	61.380	+0.033%	$8.0M	$3.8M	75x	as long as short
Paradex DRAM-USD-PERP	+0.0120%	8h	61.327	−0.054%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0133%	1h	61.326	−0.055%	$79.6M	$38.7M	20x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0174%	8h	61.360	long leg	$5.5M	$6.7M	50x
Aster DRAMUSDT	+0.0225%	8h	61.361	+0.002%	$196K	$28K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.330	−0.049%	$537K	$91K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0239%	1h	61.330	−0.049%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0269%	8h	61.359	−0.001%	$2.2M	$689K	—	as long as short
Extended DRAM-USD	+0.0320%	1h	61.329	−0.050%	$100K	$295K	10x	as long as short
Binance DRAMUSDT	+0.0321%	8h	61.350	−0.016%	$44.6M	$98.2M	50x	as long as short
MEXC DRAM_USDT	+0.0322%	8h	61.330	−0.049%	$9.0M	$5.4M	100x	as long as short
BloFin DRAM-USDT	+0.0530%	8h	61.370	+0.016%	$306K	$27K	20x	as long as short
RISEx DRAM/USDCshort	+0.0600%	1h	61.348	−0.019%	$461K	$369K	20x
GRVT DRAM_USDT_Perp	+0.0731%	8h	61.425	+0.105%	$36K	$222K	10x	as long as short
Entropy io:DRAM	+0.0831%	1h	61.319	−0.067%	$321K	$1.7M	25x	as long as short