Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.89 per $10,000 · paid last 24h —

Price spread now: Bybit against Paradex+0.030%49s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

The price spread pays, funding is against you. Bybit is 0.030% dearer against Paradex than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DRAM-USD-PERP	61.152	0.0089	pay 0.0089% / 8h	1h 26m	—	—	5x
Short	Bybit DRAMUSDT	61.170	0	get 0.0000% / 8h	1h 26m	$9.4M	$10.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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 ParadexbpFee BybitbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$18.79
Price spread: +0.030% → 0.000%: $3.01
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.78
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 1 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 Paradex no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	0.82 bp	7.2 bp −$7	11.0 bp −$110	148.6 bp −$14.9K	doesn't fit

Paradex: 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	61.180	+0.046%	$26.0M	$14.6M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.184	+0.052%	$197K	$35K	20x	as long as short
Bybit DRAMUSDTshort	0.0000%	8h	61.170	+0.030%	$9.4M	$10.2M	100x
RISEx DRAM/USDC	0.0000%	1h	61.143	−0.015%	$423K	$353K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.190	+0.063%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.160	+0.014%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.140	−0.019%	$846	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.140	−0.019%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.150	−0.003%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.150	−0.003%	$1.7M	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX DRAMUSDC	+0.0006%	4h	61.166	+0.024%	$148K	$300K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0008%	8h	61.140	−0.019%	$5.4M	$5.9M	50x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.117	−0.056%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.140	−0.019%	$996K	$84K	10x	as long as short
BloFin DRAM-USDT	+0.0040%	8h	61.180	+0.046%	$300K	$26K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.130	−0.035%	$48K	$68K	10x	as long as short
Variational Omni DRAM	+0.0042%	8h	61.134	−0.028%	$2.3M	$682K	—	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.140	−0.019%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.116	−0.058%	$168K	$471K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.120	−0.052%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.135	−0.027%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.070	−0.133%	$1.0M	$3.5M	10x	as long as short
tradeXYZ xyz:DRAM	+0.0078%	1h	61.126	−0.042%	$79.1M	$35.9M	20x	as long as short
Extended DRAM-USD	+0.0088%	1h	61.122	−0.048%	$74K	$189K	10x	as long as short
Binance DRAMUSDT	+0.0088%	8h	61.140	−0.019%	$43.7M	$87.7M	50x	as long as short
Paradex DRAM-USD-PERPlong	+0.0089%	8h	61.152	long leg	—	—	5x
MEXC DRAM_USDT	+0.0091%	8h	61.120	−0.052%	$8.0M	$5.6M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.157	+0.010%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.120	−0.052%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.150	−0.003%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.140	−0.019%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.138	−0.022%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.068%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0184%	1h	61.192	+0.066%	$1.1M	$1.2M	20x	as long as short