Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against SoDEX+0.026%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, funding is against you. Phemex is 0.026% dearer against SoDEX than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX DRAM-USD	60.964	0.0050	pay 0.0006% / 1h	34m 26s	$2K	$15K	20x
Short	Phemex DRAMUSDT	60.980	0	get 0.0000% / 8h	34m 26s	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SoDEX. 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 SoDEXbpFee PhemexbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$10.5
Price spread: +0.026% → 0.000%: $2.62
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$27.88
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 4 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 SoDEX no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	2.46 bp	46.1 bp −$46	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Bitget DRAMUSDT	−0.0741%	8h	61.020	+0.092%	$26.4M	$15.0M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.981	+0.028%	$196K	$35K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.973	+0.014%	$422K	$341K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.030	+0.108%	$8.0M	$3.7M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.953	−0.018%	$2.3M	$580K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.996	+0.053%	$36K	$205K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.970	+0.010%	$869	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.960	−0.007%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	60.980	+0.026%	$1.7M	$1.3M	10x
Bybit DRAMUSDT	+0.0003%	8h	61.040	+0.125%	$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-SWAP	+0.0011%	8h	61.000	+0.059%	$5.4M	$6.0M	50x	as long as short
Binance DRAMUSDT	+0.0032%	8h	60.990	+0.043%	$43.7M	$88.7M	50x	as long as short
Extended DRAM-USD	+0.0032%	1h	60.953	−0.018%	$77K	$196K	10x	as long as short
MEXC DRAM_USDT	+0.0032%	8h	60.970	+0.010%	$7.7M	$5.7M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	60.986	+0.036%	$1K	$30K	5x	as long as short
edgeX DRAMUSDC	+0.0037%	4h	60.963	−0.001%	$148K	$298K	20x	as long as short
BloFin DRAM-USDT	+0.0038%	8h	61.000	+0.059%	$297K	$26K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.950	−0.023%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.990	+0.043%	$993K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.960	−0.007%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.938	−0.043%	$179K	$480K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.953	−0.018%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USDlong	+0.0050%	1h	60.964	long leg	$2K	$15K	20x
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.930	−0.056%	$1.1M	$3.5M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	60.930	−0.056%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.993	+0.048%	$73K	$38K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.950	−0.023%	$3.0M	$422K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.960	−0.007%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.980	+0.026%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0101%	8h	60.974	+0.017%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.951	−0.021%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.910	−0.089%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0203%	1h	60.969	+0.008%	$78.9M	$35.9M	20x	as long as short
Lighter DRAM	+0.0368%	1h	60.997	+0.054%	$1.1M	$1.2M	20x	as long as short