Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.029%

Price spread now: Extended against Orderly+0.041%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.041% dearer against Orderly than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	61.150	0.0100	pay 0.0100% / 8h	1h 28m	$8K	—	10x
Short	Extended DRAM-USD	61.175	0.0088	get 0.0011% / 1h	28m 59s	$74K	$189K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$2.52
Price spread: +0.041% → 0.000%: $4.14
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.38
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 12 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 12 min ago	0.49 bp	3.3 bp −$3	7.1 bp −$71	doesn't fit	doesn't fit

Orderly: 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
Bitget DRAMUSDT	−0.0580%	8h	61.210	+0.098%	$26.0M	$14.6M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.202	+0.084%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.209	+0.096%	$9.4M	$10.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.160	+0.016%	$424K	$358K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.220	+0.114%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.160	+0.017%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.170	+0.033%	$796	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.060	−0.147%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.170	+0.033%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0012%	8h	61.180	+0.049%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps DRAMUSD	+0.0029%	1h	61.130	−0.032%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.170	+0.033%	$996K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.110	−0.065%	$48K	$68K	10x	as long as short
Variational Omni DRAM	+0.0042%	8h	61.134	−0.026%	$2.3M	$682K	—	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.150	0.000%	—	—	10x	as long as short
edgeX DRAMUSDC	+0.0047%	4h	61.122	−0.046%	$148K	$299K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.115	−0.057%	$169K	$470K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.141	−0.015%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.170	+0.033%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.080	−0.114%	$1.0M	$3.5M	10x	as long as short
BloFin DRAM-USDT	+0.0052%	8h	61.180	+0.049%	$300K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0083%	1h	61.154	+0.007%	$79.2M	$35.9M	20x	as long as short
Extended DRAM-USDshort	+0.0088%	1h	61.175	+0.041%	$74K	$189K	10x
Paradex DRAM-USD-PERP	+0.0091%	8h	61.162	+0.020%	—	—	5x	as long as short
Binance DRAMUSDT	+0.0092%	8h	61.190	+0.065%	$43.8M	$87.7M	50x	as long as short
MEXC DRAM_USDT	+0.0093%	8h	61.190	+0.065%	$8.0M	$5.6M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.193	+0.071%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.160	+0.016%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.130	−0.033%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.150	long leg	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.154	+0.006%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.065%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0192%	1h	61.173	+0.038%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0405%	1h	61.150	0.000%	$13K	$3K	20x	as long as short