Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.003%

Price spread now: OKX against RISEx+0.022%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.022%, 7d avg +0.001%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and OKX is 0.021% dearer against RISEx than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	60.977	0	get 0.0000% / 1h	33m 19s	$422K	$339K	20x
Short	OKX DRAM-USDT-SWAP	60.990	0.0011	get 0.0011% / 8h	33m 19s	$5.4M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against RISEx. 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 RISExbpFee OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $2.22
Price spread: +0.022% → +0.001%: $2.11
Slippage, 4 orders: −$6.08
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$17.75
Costs to cover: 0.221%
Break-even: 63.0 days

Slippage from RISEx: live order book, 5 min ago; OKX: live order book, 4 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 RISEx live order book, 5 min ago	0.08 bp	3.1 bp −$3	4.3 bp −$43	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.82 bp	9.1 bp −$9	17.8 bp −$178	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	−0.0739%	8h	61.020	+0.071%	$26.4M	$15.0M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.981	+0.007%	$196K	$35K	20x	as long as short
RISEx DRAM/USDClong	0.0000%	1h	60.977	long leg	$422K	$339K	20x
Gate DRAM_USDT	0.0000%	8h	61.040	+0.104%	$8.0M	$3.7M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.953	−0.038%	$2.3M	$580K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.980	+0.006%	$36K	$205K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.960	−0.027%	$830	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.960	−0.027%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.970	−0.011%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0004%	8h	61.020	+0.071%	$9.6M	$10.4M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAPshort	+0.0011%	8h	60.990	+0.022%	$5.4M	$6.0M	50x
MEXC DRAM_USDT	+0.0031%	8h	60.980	+0.006%	$7.7M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0031%	8h	60.970	−0.011%	$43.7M	$88.7M	50x	as long as short
Extended DRAM-USD	+0.0032%	1h	60.953	−0.038%	$77K	$196K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	60.979	+0.005%	$1K	$30K	5x	as long as short
edgeX DRAMUSDC	+0.0037%	4h	60.963	−0.021%	$148K	$298K	20x	as long as short
BloFin DRAM-USDT	+0.0038%	8h	61.000	+0.039%	$297K	$26K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.950	−0.043%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	61.000	+0.039%	$993K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.960	−0.027%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.940	−0.060%	$179K	$480K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.951	−0.042%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.965	−0.019%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.930	−0.076%	$1.1M	$3.5M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	60.960	−0.027%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.991	+0.023%	$73K	$38K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.960	−0.027%	$3.0M	$422K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.990	+0.022%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.980	+0.006%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0101%	8h	60.973	−0.007%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.957	−0.031%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.940	−0.060%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0204%	1h	60.973	−0.006%	$78.9M	$35.9M	20x	as long as short
Lighter DRAM	+0.0360%	1h	61.007	+0.050%	$1.1M	$1.2M	20x	as long as short