Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.043%

Price spread now: edgeX against Binance−0.030%70s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.266% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 2 days (all we have)−0.004%$0 · spread now −0.030%, 7d avg −0.010%

Together, before fees−0.085%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and edgeX is 0.020% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.010%). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% 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	Binance DRAMUSDT	61.960	0.0287	pay 0.0287% / 8h	48m 17s	$43.9M	$82.4M	50x
Short	edgeX DRAMUSDC	61.941	0.0032	get 0.0016% / 4h	48m 17s	$153K	$290K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$53.49
Price spread: −0.030% → −0.010%: −$2
Slippage, 4 orders: −$7.58
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$82.07
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; edgeX: live order book, 30 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, 9 min ago	0.81 bp	5.8 bp −$6	7.2 bp −$72	27.6 bp −$2,765	doesn't fit
Sell edgeX live order book, 30 min ago	2.43 bp	7.5 bp −$7	15.0 bp −$150	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	61.970	+0.016%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.950	−0.016%	$841	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.900	−0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.860	−0.161%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDCshort	+0.0032%	4h	61.941	−0.030%	$153K	$290K	20x
Aftermath Perps DRAMUSD	+0.0035%	1h	61.911	−0.079%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.870	−0.145%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.931	−0.047%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.945	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.890	−0.113%	$1.2M	$1.8M	10x	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	61.950	−0.016%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.963	+0.005%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.890	−0.113%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.940	−0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.960	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.967	+0.011%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0136%	8h	61.980	+0.032%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0139%	8h	61.960	0.000%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0154%	8h	61.917	−0.069%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0169%	8h	61.958	−0.003%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0170%	8h	61.940	−0.032%	$36K	$178K	10x	as long as short
Lighter DRAM	+0.0192%	1h	61.964	+0.006%	$977K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.613%	$510K	$43K	20x	as long as short
Entropy io:DRAM	+0.0207%	1h	61.881	−0.128%	$260K	$502K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0234%	1h	61.970	+0.016%	$13K	$9K	20x	as long as short
Variational Omni DRAM	+0.0237%	8h	61.947	−0.021%	$2.4M	$948K	—	as long as short
Bybit DRAMUSDT	+0.0270%	8h	62.000	+0.065%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0285%	8h	61.950	−0.016%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDTlong	+0.0287%	8h	61.960	long leg	$43.9M	$82.4M	50x
Extended DRAM-USD	+0.0288%	1h	61.959	−0.002%	$77K	$766K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0293%	1h	61.952	−0.013%	$80.3M	$39.8M	20x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.961	+0.001%	$457K	$475K	20x	as long as short
BloFin DRAM-USDT	+0.0537%	8h	61.930	−0.048%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.950	−0.016%	$50K	$89K	10x	as long as short