Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0151%/8h= +16.6% APRpaid last 24h +0.045%

Price spread now: tradeXYZ against Phemex+0.067%48s7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1121.117% of the position

Long on Phemex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.067%, 7d avg −0.044%

Together, before fees+0.134%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.111% dearer against Phemex than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.044%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.400	0	get 0.0000% / 8h	2h 07m	$1.7M	$1.3M	10x
Short	tradeXYZ xyz:DRAM	61.441	0.0151	get 0.0019% / 1h	7m 29s	$79.6M	$36.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.067%Rate

Funding earned: $31.78
Price spread: +0.067% → −0.044%: $11.08
Slippage, 4 orders: −$81.66
Fee Phemex: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$68.8
Costs to cover: 1.117%
Break-even: 22.2 days

Slippage from Phemex: live order book, 1 min ago; tradeXYZ: live order book, 12 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, 1 min ago	1.63 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.08 bp	9.1 bp −$9	11.0 bp −$110	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
Bitget DRAMUSDT	−0.0495%	8h	61.450	+0.081%	$26.1M	$14.4M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.429	+0.047%	$425K	$506K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.490	+0.147%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.386	−0.022%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.400	0.000%	$718	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.310	−0.147%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.400	long leg	$1.7M	$1.3M	10x
Bybit DRAMUSDT	+0.0018%	8h	61.490	+0.147%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.309	−0.149%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.340	−0.098%	$48K	$69K	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	61.420	+0.033%	—	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0049%	8h	61.460	+0.098%	$5.5M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.430	+0.049%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.439	+0.064%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.405	+0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.360	−0.065%	$1.1M	$3.4M	10x	as long as short
edgeX DRAMUSDC	+0.0060%	4h	61.358	−0.068%	$149K	$297K	20x	as long as short
Aster DRAMUSDT	+0.0066%	8h	61.488	+0.144%	$198K	$35K	20x	as long as short
Entropy io:DRAM	+0.0088%	1h	61.336	−0.104%	$169K	$469K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.382	−0.029%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.400	0.000%	$3.0M	$410K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.380	−0.033%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.450	+0.081%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.395	−0.008%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0111%	8h	61.364	−0.058%	$2.3M	$670K	—	as long as short
Paradex DRAM-USD-PERP	+0.0125%	8h	61.417	+0.027%	—	—	5x	as long as short
tradeXYZ xyz:DRAMshort	+0.0151%	1h	61.441	+0.067%	$79.6M	$36.1M	20x
Binance DRAMUSDT	+0.0172%	8h	61.432	+0.052%	$43.9M	$86.9M	50x	as long as short
MEXC DRAM_USDT	+0.0172%	8h	61.450	+0.081%	$8.1M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0176%	1h	61.412	+0.020%	$76K	$188K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.472%	$525K	$75K	20x	as long as short
BloFin DRAM-USDT	+0.0185%	8h	61.450	+0.081%	$299K	$26K	20x	as long as short
Lighter DRAM	+0.0248%	1h	61.438	+0.062%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0402%	1h	61.390	−0.016%	$13K	$3K	20x	as long as short