Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0563%/8h= −61.6% APRpaid last 24h −0.029%

Price spread now: Entropy against Binance−0.007%52s7-day average −0.016% · 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—prices read too far apart to compare

costs, in and out, $10k−$580.585% of the position

Long on Binance Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.430%−$43 · spread now −0.007%, 7d avg −0.016%

Together, before fees−0.387%−$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. The two prices were read 52 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 5 days it paid 0.043% in total (about 3.3% 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	60.790	0.0009	pay 0.0009% / 8h	7h 57m	$43.7M	$89.1M	50x
Short	Entropy io:DRAM	60.786	−0.0553	pay 0.0069% / 1h	57m 02s	$178K	$480K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.007%Rate

Funding earned: −$118.14
Price spread: −0.007% → −0.016%: $0.92
Slippage, 4 orders: −$30.49
Fee Binance: 5 bp × 2 orders: −$10
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$175.71
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Entropy: live order book, 58 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, 1 min ago	0.82 bp	7.4 bp −$7	10.0 bp −$100	44.1 bp −$4,408	doesn't fit
Sell Entropy live order book, 58 min ago	2.38 bp	23.9 bp −$24	doesn't fit	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	−0.0756%	8h	60.800	+0.016%	$26.5M	$15.2M	20x	as long as short
Entropy io:DRAMshort	−0.0553%	1h	60.786	−0.007%	$178K	$480K	25x
Aster DRAMUSDT	0.0000%	8h	60.819	+0.047%	$195K	$39K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.794	+0.007%	$421K	$339K	20x	as long as short
Variational Omni DRAM	0.0000%	8h	60.847	+0.093%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.840	+0.082%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.780	−0.016%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.870	+0.132%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.790	0.000%	$1.7M	$1.3M	10x	as long as short
Extended DRAM-USD	+0.0008%	1h	60.784	−0.009%	$74K	$198K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DRAMUSDTlong	+0.0009%	8h	60.790	long leg	$43.7M	$89.1M	50x
MEXC DRAM_USDT	+0.0010%	8h	60.790	0.000%	$8.4M	$5.4M	100x	as long as short
OKX DRAM-USDT-SWAP	+0.0014%	8h	60.800	+0.016%	$5.4M	$6.0M	50x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	60.780	−0.016%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.780	−0.016%	$47K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.890	+0.165%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.759	−0.051%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.784	−0.010%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.680	−0.181%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.830	+0.066%	$992K	$84K	10x	as long as short
BloFin DRAM-USDT	+0.0055%	8h	60.790	0.000%	$300K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0060%	1h	60.780	−0.016%	$78.8M	$35.9M	20x	as long as short
edgeX DRAMUSDC	+0.0099%	4h	60.817	+0.044%	$147K	$298K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0099%	8h	60.745	−0.074%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.772	−0.029%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.040	+0.411%	$3.0M	$409K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.820	+0.049%	$21K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.800	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.789	−0.001%	$4K	—	10x	as long as short
Gate DRAM_USDT	+0.0197%	8h	60.800	+0.016%	$7.9M	$3.6M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0244%	1h	60.780	−0.016%	$13K	$3K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.750	−0.066%	$521K	$75K	20x	as long as short
Lighter DRAM	+0.0264%	1h	60.813	+0.038%	$1.1M	$1.2M	20x	as long as short
Bybit DRAMUSDT	+0.0476%	8h	60.820	+0.049%	$9.6M	$10.5M	100x	as long as short