Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h +0.027%

Price spread now: Coinbase International against Aster−0.210%7-day average −0.160% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 on $10k

Price spread, last 3 days (all we have)+0.283%+$28 · spread now −0.210%, 7d avg −0.160%

Together, before fees+0.532%+ Points / potential airdropAster: Stage 5 · farm board+$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.050% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.160%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.249%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DRAMUSDT	62.010	0.0312	pay 0.0312% / 8h	5m 55s	$199K	$36K	20x
Short	Coinbase International DRAM-PERP-INTX	61.880	0.0192	get 0.0024% / 1h	5m 55s	$535K	$94K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.210%Rate

Funding earned: −$25.28
Price spread: −0.210% → −0.160%: −$5.01
Slippage, 4 orders: −$27.13
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$75.42
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Coinbase International: live order book, 7 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 Aster live order book, 6 min ago	3.23 bp	16.9 bp −$17	42.6 bp −$426	doesn't fit	doesn't fit
Sell Coinbase International live order book, 7 min ago	3.23 bp	9.0 bp −$9	12.4 bp −$124	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	62.070	+0.097%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.020	+0.016%	$760	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.010	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.050	+0.065%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	61.980	−0.049%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.960	−0.081%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.017	+0.011%	$215K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.045	+0.056%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.970	−0.065%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0069%	4h	61.977	−0.054%	$153K	$289K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	62.020	+0.016%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.980	−0.049%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.990	−0.032%	$3.0M	$470K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.040	+0.048%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.040	+0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.051	+0.065%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0183%	8h	62.060	+0.081%	$5.4M	$4.6M	50x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0192%	1h	61.880	−0.210%	$535K	$94K	20x
Bitget DRAMUSDT	+0.0194%	8h	62.050	+0.065%	$26.2M	$12.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0222%	8h	62.041	+0.050%	—	—	5x	as long as short
Lighter DRAM	+0.0248%	1h	62.052	+0.068%	$960K	$1.2M	20x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	62.048	+0.062%	$457K	$476K	20x	as long as short
Bybit DRAMUSDT	+0.0300%	8h	62.080	+0.113%	$9.3M	$10.5M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0303%	8h	61.990	−0.032%	$36K	$170K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0305%	1h	62.033	+0.037%	$81.1M	$40.7M	20x	as long as short
Aster DRAMUSDTlong	+0.0312%	8h	62.010	long leg	$199K	$36K	20x
Entropy io:DRAM	+0.0326%	1h	62.033	+0.037%	$252K	$492K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0395%	1h	62.020	+0.016%	$13K	$9K	20x	as long as short
Variational Omni DRAM	+0.0410%	8h	62.037	+0.043%	$2.4M	$948K	—	as long as short
MEXC DRAM_USDT	+0.0444%	8h	62.020	+0.016%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0447%	8h	62.052	+0.068%	$43.8M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0448%	1h	62.036	+0.042%	$78K	$768K	10x	as long as short
Arcus DRAM-USD	+0.0680%	1h	62.020	+0.016%	$50K	$90K	10x	as long as short
BloFin DRAM-USDT	+0.0720%	8h	62.020	+0.016%	$295K	$27K	20x	as long as short