Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8hnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Orderly against Phemex0.000%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 Orderly

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.650	0	get 0.0000% / 8h	4h 04m	$1.8M	$1.3M	10x
Short	Orderly PERP_DRAM_USDC_mythos	61.650	0.0100	get 0.0100% / 8h	4h 04m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $3
Costs to cover: 0.180%
Break-even: 6.0 days

Slippage unknown: Phemex: live order book, 3 min ago; Orderly: 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	52.9 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Aster DRAMUSDT	0.0000%	8h	61.647	−0.004%	$202K	$33K	20x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.650	0.000%	$5.4M	$4.8M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.630	−0.032%	$446K	$426K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.640	−0.016%	$8.2M	$3.4M	75x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.630	−0.032%	$25.9M	$12.4M	20x	as long as short
Variational Omni DRAM	0.0000%	8h	61.655	+0.008%	$2.4M	$995K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.694	+0.071%	$36K	$188K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.630	−0.032%	$748	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.650	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.650	long leg	$1.8M	$1.3M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DRAM_USDT	+0.0029%	8h	61.630	−0.032%	$11.2M	$6.3M	100x	as long as short
Binance DRAMUSDT	+0.0032%	8h	61.644	−0.010%	$43.6M	$80.7M	50x	as long as short
Extended DRAM-USD	+0.0032%	1h	61.626	−0.038%	$74K	$712K	10x	as long as short
QFEX DRAM-USD	+0.0038%	1h	61.630	−0.032%	$1.0M	$68K	10x	as long as short
edgeX DRAMUSDC	+0.0044%	4h	61.728	+0.126%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.580	−0.114%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.616	−0.055%	$193K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.630	−0.032%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.560	−0.146%	$1.2M	$1.7M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.633	−0.027%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.640	−0.016%	$3.0M	$467K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.700	+0.081%	$22K	$181K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	61.650	0.000%	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.634	−0.025%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0118%	8h	61.660	+0.016%	$9.1M	$10.0M	100x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	61.610	−0.065%	$297K	$26K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0135%	8h	61.654	+0.007%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0144%	1h	61.370	−0.454%	$508K	$41K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0232%	1h	61.625	−0.041%	$78.7M	$39.4M	20x	as long as short
Aftermath Perps DRAMUSD	+0.0234%	1h	61.646	−0.007%	$1K	$36K	5x	as long as short
Lighter DRAM	+0.0280%	1h	61.616	−0.055%	$993K	$1.2M	20x	as long as short
Entropy io:DRAM	+0.0343%	1h	61.641	−0.015%	$243K	$492K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0400%	1h	61.620	−0.049%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0404%	1h	61.620	−0.049%	$50K	$100K	10x	as long as short