Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Polymarket Perps against Orderly−0.057%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Polymarket Perps

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—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.057% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	61.460	0.0100	pay 0.0100% / 8h	2h 05m	$8K	—	10x
Short	Polymarket Perps DRAM-USD	61.425	0.0050	get 0.0006% / 1h	5m 45s	$255K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$10.5
Price spread: −0.057% → 0.000%: −$5.69
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$30.19
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago	1.79 bp	5.8 bp −$6	6.5 bp −$65	7.8 bp −$784	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	−0.0486%	8h	61.450	−0.016%	$26.1M	$14.4M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.466	+0.010%	$426K	$506K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.470	+0.016%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.386	−0.120%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.440	−0.033%	$727	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.310	−0.244%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.450	−0.016%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0016%	8h	61.465	+0.008%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.315	−0.236%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.370	−0.146%	$48K	$69K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.430	−0.049%	—	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0048%	8h	61.450	−0.016%	$5.5M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.470	+0.016%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USDshort	+0.0050%	1h	61.425	−0.057%	$255K	$1.3M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.451	−0.015%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.400	−0.098%	$1.1M	$3.4M	10x	as long as short
edgeX DRAMUSDC	+0.0060%	4h	61.358	−0.165%	$149K	$297K	20x	as long as short
Aster DRAMUSDT	+0.0066%	8h	61.459	−0.002%	$198K	$35K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0076%	1h	61.460	0.000%	$13K	$3K	20x	as long as short
Entropy io:DRAM	+0.0082%	1h	61.368	−0.150%	$169K	$470K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.418	−0.068%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.420	−0.065%	$3.0M	$410K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.380	−0.130%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.460	long leg	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.449	−0.018%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0106%	8h	61.444	−0.026%	$2.3M	$669K	—	as long as short
Paradex DRAM-USD-PERP	+0.0124%	8h	61.466	+0.010%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0148%	1h	61.426	−0.055%	$79.6M	$36.1M	20x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.402	−0.094%	$76K	$188K	10x	as long as short
Binance DRAMUSDT	+0.0170%	8h	61.425	−0.057%	$44.0M	$87.0M	50x	as long as short
MEXC DRAM_USDT	+0.0171%	8h	61.420	−0.065%	$8.1M	$5.7M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.569%	$525K	$75K	20x	as long as short
BloFin DRAM-USDT	+0.0190%	8h	61.430	−0.049%	$299K	$26K	20x	as long as short
Lighter DRAM	+0.0248%	1h	61.479	+0.031%	$1.1M	$1.2M	20x	as long as short