Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0071%/8h= +7.7% APRpaid last 24h +0.020%

Price spread now: tradeXYZ against Orderly−0.053%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.053% cheaper against Orderly than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	62.240	0.0100	pay 0.0100% / 8h	5h 24m	$9K	—	10x
Short	tradeXYZ xyz:DRAM	62.207	0.0171	get 0.0021% / 1h	24m 55s	$81.7M	$37.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.053%Rate

Funding earned: $14.82
Price spread: −0.053% → 0.000%: −$5.3
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$14.48
Costs to cover: 0.240%
Break-even: 13.8 days

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	0.40 bp	10.1 bp −$10	12.0 bp −$120	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
RISEx DRAM/USDC	0.0000%	1h	62.232	−0.013%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.230	−0.016%	$894	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.210	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.230	−0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	62.214	−0.042%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.210	−0.048%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.190	−0.080%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.207	−0.053%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.218	−0.035%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.180	−0.096%	$1.1M	$2.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.220	−0.032%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0064%	1h	62.184	−0.090%	$251K	$422K	25x	as long as short
Bitget DRAMUSDT	+0.0066%	8h	62.240	0.000%	$26.2M	$13.2M	20x	as long as short
edgeX DRAMUSDC	+0.0093%	4h	62.192	−0.078%	$151K	$296K	20x	as long as short
Lighter DRAM	+0.0096%	1h	62.215	−0.040%	$967K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.243	+0.005%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	−0.032%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	−0.048%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	62.240	long leg	$9K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	62.244	+0.006%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0130%	8h	62.219	−0.033%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0153%	8h	62.233	−0.011%	$36K	$158K	10x	as long as short
tradeXYZ xyz:DRAMshort	+0.0171%	1h	62.207	−0.053%	$81.7M	$37.2M	20x
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.321%	$534K	$74K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0188%	8h	62.240	0.000%	$5.5M	$4.4M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.220	−0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0255%	8h	62.263	+0.037%	$9.7M	$10.1M	100x	as long as short
Aster DRAMUSDT	+0.0388%	8h	62.237	−0.004%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0469%	8h	62.222	−0.029%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0509%	8h	62.237	−0.004%	$44.7M	$81.7M	50x	as long as short
MEXC DRAM_USDT	+0.0510%	8h	62.210	−0.048%	$9.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0512%	1h	62.214	−0.042%	$75K	$669K	10x	as long as short
Gate DRAM_USDT	+0.0531%	8h	62.270	+0.048%	$8.1M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0751%	8h	62.230	−0.016%	$302K	$26K	20x	as long as short