Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0704%/8h= −77.1% APRpaid last 24h −0.038%

Price spread now: edgeX against Arcus−0.011%7-day average +0.063% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.050%−$5 on $10k

Price spread, last 3 days (all we have)+0.119%+$12 · spread now −0.011%, 7d avg +0.063%

Together, before fees+0.068%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and edgeX is 0.074% cheaper against Arcus than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.050% in total (about -5.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus DRAM-USD	61.630	0.0739	pay 0.0092% / 1h	21m 16s	$50K	$95K	10x
Short	edgeX DRAMUSDC	61.623	0.0035	get 0.0018% / 4h	2h 21m	$152K	$289K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$147.8
Price spread: −0.011% → +0.063%: −$7.35
Slippage, 4 orders: −$13.88
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$182.53
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Arcus: live order book, 87 min ago; edgeX: live order book, 2 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 Arcus live order book, 87 min ago	0.81 bp	8.6 bp −$9	13.1 bp −$131	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	2.43 bp	7.0 bp −$7	14.0 bp −$140	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
Gate DRAM_USDT	0.0000%	8h	61.620	−0.016%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.620	−0.016%	$521	$3.3M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.630	0.000%	$13K	$9K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.610	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.610	−0.032%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.602	−0.046%	$1K	$36K	5x	as long as short
edgeX DRAMUSDCshort	+0.0035%	4h	61.623	−0.011%	$152K	$289K	20x
Vest DRAM-USD-PERP	+0.0046%	1h	61.610	−0.032%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.601	−0.047%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.600	−0.049%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.560	−0.114%	$1.2M	$1.7M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0065%	8h	61.610	−0.032%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.630	0.000%	$1.0M	$77K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.632	+0.003%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.610	−0.032%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.660	+0.049%	$22K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.630	0.000%	$8K	—	10x	as long as short
Entropy io:DRAM	+0.0100%	1h	61.639	+0.015%	$249K	$503K	25x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.623	−0.012%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0109%	8h	61.600	−0.049%	$25.9M	$12.6M	20x	as long as short
Aster DRAMUSDT	+0.0115%	8h	61.627	−0.004%	$201K	$33K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0153%	1h	61.600	−0.049%	$79.0M	$39.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0159%	8h	61.630	0.000%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0161%	8h	61.640	+0.016%	$9.1M	$10.2M	100x	as long as short
Variational Omni DRAM	+0.0188%	8h	61.643	+0.021%	$2.4M	$980K	—	as long as short
GRVT DRAM_USDT_Perp	+0.0201%	8h	61.630	0.000%	$36K	$190K	10x	as long as short
Lighter DRAM	+0.0216%	1h	61.633	+0.005%	$991K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.195%	$510K	$43K	20x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.603	−0.044%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0249%	8h	61.610	−0.032%	$43.7M	$82.6M	50x	as long as short
MEXC DRAM_USDT	+0.0249%	8h	61.610	−0.032%	$11.1M	$6.4M	100x	as long as short
BloFin DRAM-USDT	+0.0273%	8h	61.630	0.000%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.611	−0.030%	$475K	$439K	20x	as long as short
Arcus DRAM-USDlong	+0.0739%	1h	61.630	long leg	$50K	$95K	10x