Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0996%/8h= +109.1% APRpaid last 24h +0.051%

Price spread now: RISEx against Orderly−0.064%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 RISEx

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. RISEx is 0.064% cheaper against Orderly than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	62.500	0.0100	pay 0.0100% / 8h	7h 23m	$9K	—	10x
Short	RISEx DRAM/USDC	62.460	0.1096	get 0.0137% / 1h	23m 52s	$461K	$495K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.064%Rate

Funding earned: $209.25
Price spread: −0.064% → 0.000%: −$6.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: $190.85
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 50 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 RISEx live order book, 50 min ago	1.37 bp	4.4 bp −$4	4.9 bp −$49	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
SunX DRAM-USDT	0.0000%	8h	62.470	−0.048%	$717	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.410	−0.144%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	−0.096%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0011%	4h	62.503	+0.006%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	62.436	−0.103%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.440	−0.096%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.450	−0.080%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.436	−0.102%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.450	−0.080%	$1.1M	$1.9M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0070%	1h	62.460	−0.064%	$13K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DRAM	+0.0100%	1h	62.496	−0.007%	$76K	$41K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.410	−0.144%	$3.0M	$426K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.550	+0.080%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	62.500	long leg	$9K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	62.469	−0.049%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.429	−0.114%	$971K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.440	−0.096%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.176%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0221%	8h	62.512	+0.019%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0234%	8h	62.490	−0.016%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0242%	1h	62.456	−0.070%	$82.1M	$37.4M	20x	as long as short
Aster DRAMUSDT	+0.0426%	8h	62.355	−0.233%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0439%	8h	62.530	+0.048%	$9.6M	$10.5M	100x	as long as short
Bitget DRAMUSDT	+0.0504%	8h	62.450	−0.080%	$26.2M	$12.9M	20x	as long as short
Variational Omni DRAM	+0.0508%	8h	62.525	+0.039%	$2.4M	$750K	—	as long as short
Entropy io:DRAM	+0.0540%	1h	62.389	−0.178%	$254K	$453K	25x	as long as short
MEXC DRAM_USDT	+0.0549%	8h	62.440	−0.096%	$9.7M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0552%	1h	62.436	−0.102%	$76K	$769K	10x	as long as short
Binance DRAMUSDT	+0.0553%	8h	62.472	−0.044%	$44.7M	$82.0M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.460	−0.064%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0750%	8h	62.460	−0.064%	$8.3M	$3.5M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0910%	8h	62.542	+0.068%	$37K	$155K	10x	as long as short
BloFin DRAM-USDT	+0.0932%	8h	62.550	+0.080%	$299K	$26K	20x	as long as short
RISEx DRAM/USDCshort	+0.1096%	1h	62.460	−0.064%	$461K	$495K	20x