Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.026%

Price spread now: Aftermath Perps against Phemex+0.067%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Aftermath Perps

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.067% dearer against Phemex than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.880	0	get 0.0000% / 8h	45m 28s	$1.8M	$1.3M	10x
Short	Aftermath Perps DRAMUSD	61.921	0.0035	get 0.0004% / 1h	45m 28s	$1K	$36K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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 PhemexbpFee Aftermath PerpsbpOrdersPrice spread, now +0.067%Rate

Funding earned: $7.3
Price spread: +0.067% → 0.000%: $6.66
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$7.04
Costs to cover: 0.210%
Break-even: 13.8 days

Slippage unknown: Phemex: live order book, 3 min ago; Aftermath Perps: no order-book sample. 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 Phemex live order book, 3 min ago	1.62 bp	62.8 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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
Gate DRAM_USDT	0.0000%	8h	62.010	+0.210%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.990	+0.178%	$486	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.910	+0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.880	long leg	$1.8M	$1.3M	10x
Aftermath Perps DRAMUSDshort	+0.0035%	1h	61.921	+0.067%	$1K	$36K	5x
Vest DRAM-USD-PERP	+0.0046%	1h	61.860	−0.032%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.950	+0.113%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.983	+0.166%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	+0.032%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	61.944	+0.103%	$153K	$290K	20x	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	+0.0079%	1h	61.950	+0.113%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.994	+0.184%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.910	+0.048%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.970	+0.145%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	+0.162%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.987	+0.173%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0139%	8h	61.990	+0.178%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0142%	8h	61.970	+0.145%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0164%	8h	62.000	+0.194%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0171%	8h	61.984	+0.169%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0176%	8h	61.941	+0.098%	$36K	$178K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.485%	$510K	$43K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.984	+0.168%	$978K	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0237%	8h	61.947	+0.109%	$2.4M	$948K	—	as long as short
Entropy io:DRAM	+0.0271%	1h	61.904	+0.039%	$260K	$502K	25x	as long as short
Bybit DRAMUSDT	+0.0275%	8h	62.010	+0.210%	$9.3M	$10.5M	100x	as long as short
MEXC DRAM_USDT	+0.0293%	8h	61.970	+0.145%	$11.2M	$6.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.980	+0.162%	$457K	$475K	20x	as long as short
Extended DRAM-USD	+0.0296%	1h	61.969	+0.144%	$77K	$766K	10x	as long as short
Binance DRAMUSDT	+0.0299%	8h	61.970	+0.145%	$43.9M	$82.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0302%	1h	61.976	+0.155%	$80.4M	$39.8M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	61.980	+0.162%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0543%	8h	61.950	+0.113%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.960	+0.129%	$50K	$89K	10x	as long as short