Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h −0.025%

Price spread now: Coinbase International against Binance−0.048%7-day average −0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

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

costs, in and out, $10k−$300.299% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.048%, 7d avg −0.145%

Together, before fees+0.224%+$22 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 Coinbase International is 0.097% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.145%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DRAMUSDT	61.139	0.0170	pay 0.0170% / 8h	2h 16m	$43.7M	$86.2M	50x
Short	Coinbase International DRAM-PERP-INTX	61.110	0.0184	get 0.0023% / 1h	16m 51s	$525K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.048%Rate

Funding earned: $2.92
Price spread: −0.048% → −0.145%: $9.75
Slippage, 4 orders: −$9.93
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$17.26
Costs to cover: 0.299%
Break-even: 48.3 days

Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 31 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 Binance live order book, 11 min ago	0.82 bp	5.8 bp −$6	9.1 bp −$91	39.7 bp −$3,971	doesn't fit
Sell Coinbase International live order book, 31 min ago	4.06 bp	9.1 bp −$9	14.9 bp −$149	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	−0.0502%	8h	61.180	+0.067%	$25.9M	$14.1M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.192	+0.086%	$424K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.235	+0.156%	$36K	$195K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.200	+0.099%	$675	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.160	+0.034%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.180	+0.067%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0004%	8h	61.190	+0.083%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.156	+0.027%	$1K	$31K	5x	as long as short
Gate DRAM_USDT	+0.0026%	8h	61.180	+0.067%	$8.0M	$3.7M	75x	as long as short
OKX DRAM-USDT-SWAP	+0.0039%	8h	61.170	+0.050%	$5.4M	$5.6M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.170	+0.050%	$48K	$69K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.180	+0.067%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.210	+0.116%	$997K	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.157	+0.029%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.160	+0.034%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.160	+0.034%	$1.1M	$3.3M	10x	as long as short
edgeX DRAMUSDC	+0.0063%	4h	61.153	+0.023%	$148K	$298K	20x	as long as short
Aster DRAMUSDT	+0.0063%	8h	61.165	+0.043%	$197K	$35K	20x	as long as short
Entropy io:DRAM	+0.0071%	1h	61.157	+0.029%	$169K	$470K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.150	+0.018%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.184	+0.072%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.120	−0.031%	$3.0M	$409K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.220	+0.132%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.180	+0.067%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.183	+0.071%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0107%	8h	61.211	+0.117%	—	—	5x	as long as short
Variational Omni DRAM	+0.0110%	8h	61.134	−0.008%	$2.3M	$675K	—	as long as short
tradeXYZ xyz:DRAM	+0.0135%	1h	61.143	+0.006%	$79.2M	$36.1M	20x	as long as short
BloFin DRAM-USDT	+0.0152%	8h	61.200	+0.099%	$301K	$26K	20x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.112	−0.045%	$76K	$188K	10x	as long as short
Binance DRAMUSDTlong	+0.0170%	8h	61.139	long leg	$43.7M	$86.2M	50x
MEXC DRAM_USDT	+0.0171%	8h	61.130	−0.015%	$8.0M	$5.7M	100x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0184%	1h	61.110	−0.048%	$525K	$75K	20x
Lighter DRAM	+0.0240%	1h	61.151	+0.019%	$1.1M	$1.2M	20x	as long as short