Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Phemex−0.048%7-day average −0.007% · you buy dearer than you sell

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

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.048%, 7d avg −0.007%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.041% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	62.010	0	get 0.0000% / 8h	3h 44m	$1.7M	$1.3M	10x
Short	SunX DRAM-USDT	61.980	0	get 0.0000% / 8h	3h 44m	$622	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.007%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.11
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; SunX: live order book, 3 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 Phemex live order book, 4 min ago	3.22 bp	42.1 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	45.93 bp	doesn't fit	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	62.003	−0.011%	$436K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.020	+0.016%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.110	+0.161%	$36K	$180K	10x	as long as short
SunX DRAM-USDTshort	0.0000%	8h	61.980	−0.048%	$622	$2.6M	10x
HTX DRAM-USDT	0.0000%	8h	62.060	+0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.010	long leg	$1.7M	$1.3M	10x
edgeX DRAMUSDC	+0.0012%	4h	62.083	+0.118%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.068	+0.093%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.980	−0.048%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.020	+0.016%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.990	−0.032%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.025	+0.024%	$165K	$455K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.970	−0.065%	$265K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.010	0.000%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	−0.016%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0070%	8h	61.990	−0.032%	$5.4M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0073%	1h	61.980	−0.048%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0079%	8h	61.960	−0.081%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.001	−0.014%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.990	−0.032%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.100	+0.145%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.010	0.000%	$9K	—	10x	as long as short
Bybit DRAMUSDT	+0.0100%	8h	62.001	−0.015%	$9.7M	$9.7M	100x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.011	+0.001%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.161%	$533K	$75K	20x	as long as short
Lighter DRAM	+0.0120%	1h	61.971	−0.063%	$1.0M	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0128%	1h	61.980	−0.048%	$81.1M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0183%	8h	62.038	+0.046%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	+0.071%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0281%	8h	62.070	+0.097%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0298%	8h	61.990	−0.032%	$44.4M	$80.5M	50x	as long as short
MEXC DRAM_USDT	+0.0303%	8h	61.980	−0.048%	$8.2M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0304%	1h	61.967	−0.069%	$76K	$657K	10x	as long as short
Gate DRAM_USDT	+0.0548%	8h	62.010	0.000%	$8.1M	$3.5M	75x	as long as short