Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.0% APRnext payment $0.06 per $10,000 · paid last 24h +0.030%
Price spread now: Entropy against Aevo−0.093%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Entropy is 0.093% cheaper against Aevo than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo DRAM-PERP62.2510.0104pay 0.0013% / 1h23m 22s$4K10x
ShortEntropy io:DRAM62.1930.0058get 0.0007% / 1h23m 22s$253K$430K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against Aevo. 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

Funding earned
−$9.64
Price spread: −0.093% → 0.000%
−$9.31
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$52.95
Costs to cover
0.340%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Entropy: live order book, 22 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Entropy live order book, 22 min ago3.21 bp17.7 bp −$18doesn't fitdoesn't fitdoesn't fit
Aevo: 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 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX DRAM-USDT0.0000%8h62.220−0.050%$791$2.9M10xas long as short
HTX DRAM-USDT0.0000%8h62.240−0.018%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h62.250−0.002%$1.7M$1.3M10xas long as short
edgeX DRAMUSDC+0.0019%4h62.2510.000%$151K$296K20xas long as short
Aftermath Perps DRAMUSD+0.0034%1h62.213−0.061%$1K$34K5xas long as short
Arcus DRAM-USD+0.0040%1h62.230−0.034%$51K$81K10xas long as short
Vest DRAM-USD-PERP+0.0046%1h62.190−0.098%10xas long as short
QFEX DRAM-USD+0.0046%1h62.210−0.066%$1.0M$78K10xas long as short
Polymarket Perps DRAM-USD+0.0050%1h62.212−0.063%$266K$1.3M10xas long as short
SoDEX DRAM-USD+0.0050%1h62.227−0.039%$2K$15K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps DRAM-USD.P+0.0050%1h62.170−0.130%$1.1M$1.9M10xas long as short
Entropy io:DRAMshort+0.0058%1h62.193−0.093%$253K$430K25x
Pacifica DRAM+0.0100%1h62.193−0.094%$76K$44K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h62.240−0.018%$3.0M$404K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h62.250−0.002%$22K$184K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h62.270+0.031%$9K10xas long as short
Aevo DRAM-PERPlong+0.0104%1h62.251long leg$4K10x
Coinbase International DRAM-PERP-INTX+0.0152%1h62.130−0.194%$534K$93K20xas long as short
Lighter DRAM+0.0160%1h62.228−0.037%$966K$1.0M20xas long as short
Paradex DRAM-USD-PERP+0.0179%8h62.224−0.044%5xas long as short
OKX DRAM-USDT-SWAP+0.0228%8h62.240−0.018%$5.5M$4.5M50xas long as short
tradeXYZ xyz:DRAM+0.0233%1h62.215−0.058%$81.9M$36.7M20xas long as short
Bitget DRAMUSDT+0.0275%8h62.240−0.018%$26.0M$12.9M20xas long as short
Bybit DRAMUSDT+0.0344%8h62.270+0.031%$9.6M$10.1M100xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0393%1h62.220−0.050%$13K$3K20xas long as short
GRVT DRAM_USDT_Perp+0.0412%8h62.270+0.031%$37K$154K10xas long as short
Aster DRAMUSDT+0.0467%8h62.256+0.008%$200K$36K20xas long as short
Variational Omni DRAM+0.0556%8h62.285+0.054%$2.4M$756Kas long as short
Gate DRAM_USDT+0.0566%8h62.270+0.031%$8.2M$3.5M75xas long as short
Extended DRAM-USD+0.0592%1h62.214−0.060%$75K$669K10xas long as short
Binance DRAMUSDT+0.0592%8h62.229−0.035%$44.7M$81.8M50xas long as short
MEXC DRAM_USDT+0.0593%8h62.220−0.050%$9.7M$5.9M100xas long as short
RISEx DRAM/USDC+0.0835%1h62.230−0.034%$448K$504K20xas long as short