Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0558%/8h= +61.1% APRpaid last 24h +0.099%

Price spread now: Deribit against Phemex+0.210%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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 +$17 a day on $10k at the current rate, and Deribit is 0.210% dearer against Phemex than usual: you sell high and buy low: +$21 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	61.820	0	get 0.0000% / 8h	39m 57s	$1.8M	$1.3M	10x
Short	Deribit DRAM_USDC-PERPETUAL	61.950	0.0558	get 0.0070% / 1h	39m 57s	$13K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.210%Rate

Funding earned: $117.13
Price spread: +0.210% → 0.000%: $21.03
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $119.16
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Phemex: live order book, 3 min ago; Deribit: 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	4.05 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	61.980	+0.259%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.970	+0.243%	$686	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.920	+0.162%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.820	long leg	$1.8M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0036%	1h	61.982	+0.262%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.920	+0.162%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.953	+0.215%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.968	+0.239%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.920	+0.162%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0072%	4h	61.972	+0.246%	$153K	$291K	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	61.970	+0.243%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.975	+0.251%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.920	+0.162%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.900	+0.129%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.970	+0.243%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.971	+0.244%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0145%	8h	61.990	+0.275%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0147%	8h	61.960	+0.226%	$26.0M	$12.7M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0177%	8h	61.970	+0.243%	—	—	5x	as long as short
Aster DRAMUSDT	+0.0182%	8h	61.971	+0.245%	$199K	$36K	20x	as long as short
Lighter DRAM	+0.0184%	1h	61.957	+0.222%	$977K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.388%	$510K	$43K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0196%	8h	61.973	+0.247%	$36K	$172K	10x	as long as short
Variational Omni DRAM	+0.0276%	8h	61.967	+0.238%	$2.4M	$947K	—	as long as short
Bybit DRAMUSDT	+0.0279%	8h	61.990	+0.275%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.980	+0.259%	$457K	$475K	20x	as long as short
MEXC DRAM_USDT	+0.0313%	8h	61.960	+0.226%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0320%	1h	61.956	+0.221%	$77K	$766K	10x	as long as short
Binance DRAMUSDT	+0.0320%	8h	61.966	+0.237%	$43.9M	$82.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0322%	1h	61.961	+0.228%	$80.4M	$39.9M	20x	as long as short
Entropy io:DRAM	+0.0328%	1h	61.919	+0.160%	$260K	$502K	25x	as long as short
Deribit DRAM_USDC-PERPETUALshort	+0.0558%	1h	61.950	+0.210%	$13K	$9K	20x
BloFin DRAM-USDT	+0.0566%	8h	61.990	+0.275%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.950	+0.210%	$50K	$89K	10x	as long as short