Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.067%

Price spread now: OKX against Phemex+0.016%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1221.222% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.016%, 7d avg +0.003%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.710	0	get 0.0000% / 8h	4h 23m	$1.8M	$1.2M	10x
Short	OKX DRAM-USDT-SWAP	61.720	0	get 0.0000% / 8h	4h 23m	$5.4M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.003%: $1.36
Slippage, 4 orders: −$100.23
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$120.88
Costs to cover: 1.222%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; OKX: live order book, 3 min ago.

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, 4 min ago	3.24 bp	61.1 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.81 bp	7.9 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit

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
Aster DRAMUSDT	0.0000%	8h	61.675	−0.056%	$202K	$28K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	61.696	−0.023%	$74K	$712K	10x	as long as short
OKX DRAM-USDT-SWAPshort	0.0000%	8h	61.720	+0.016%	$5.4M	$4.8M	50x
RISEx DRAM/USDC	0.0000%	1h	61.728	+0.029%	$447K	$426K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.730	+0.032%	$8.2M	$3.4M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	61.700	−0.016%	$11.7M	$6.3M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.710	0.000%	$25.9M	$11.9M	20x	as long as short
Variational Omni DRAM	0.0000%	8h	61.695	−0.025%	$2.4M	$990K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.699	−0.018%	$36K	$184K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.730	+0.032%	$772	$3.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DRAM-USDT	0.0000%	8h	61.710	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.710	long leg	$1.8M	$1.2M	10x
Binance DRAMUSDT	+0.0002%	8h	61.707	−0.005%	$43.3M	$78.4M	50x	as long as short
QFEX DRAM-USD	+0.0038%	1h	61.720	+0.016%	$1.0M	$62K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.650	−0.097%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.702	−0.013%	$194K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.705	−0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.640	−0.113%	$1.2M	$1.7M	10x	as long as short
edgeX DRAMUSDC	+0.0071%	4h	61.687	−0.037%	$153K	$289K	20x	as long as short
Bybit DRAMUSDT	+0.0082%	8h	61.740	+0.049%	$9.1M	$9.7M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.711	+0.002%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.690	−0.032%	$3.0M	$460K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.740	+0.049%	$22K	$180K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.730	+0.032%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.707	−0.006%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	61.710	0.000%	$299K	$26K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0124%	8h	61.704	−0.009%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0144%	1h	61.370	−0.551%	$508K	$41K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0214%	1h	61.698	−0.019%	$1K	$36K	5x	as long as short
tradeXYZ xyz:DRAM	+0.0225%	1h	61.682	−0.045%	$79.3M	$37.2M	20x	as long as short
Lighter DRAM	+0.0280%	1h	61.710	0.000%	$994K	$1.2M	20x	as long as short
Entropy io:DRAM	+0.0335%	1h	61.681	−0.047%	$244K	$506K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0399%	1h	61.690	−0.032%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0404%	1h	61.710	0.000%	$50K	$99K	10x	as long as short