Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0262%/8h= −28.7% APRnext payment $2.62 per $10,000 · paid last 24h +0.009%
Price spread now: Gate against Binance+0.013%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$520.520% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.122%−$12 on $10k
Price spread, last 2 days (all we have)+0.009%+$1 · spread now +0.013%, 7d avg +0.006%
Together, before fees−0.113%−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance DRAMUSDT61.8920.0262pay 0.0262% / 8h56m 03s$43.9M$82.4M50x
ShortGate DRAM_USDT61.9000get 0.0000% / 8h56m 03s$8.3M$3.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$54.98
Price spread: +0.013% → +0.006%
$0.76
Slippage, 4 orders
−$26.99
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$106.22
Costs to cover
0.520%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago0.81 bp5.8 bp −$67.2 bp −$7227.6 bp −$2,765doesn't fit
Sell Gate live order book, 2 min ago1.62 bp20.9 bp −$2124.8 bp −$24828.2 bp −$2,81658.7 bp −$29.4K

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate DRAM_USDTshort0.0000%8h61.900+0.013%$8.3M$3.4M75x
SunX DRAM-USDT0.0000%8h61.870−0.035%$690$3.2M10xas long as short
HTX DRAM-USDT0.0000%8h61.860−0.051%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h61.880−0.019%$1.8M$1.3M10xas long as short
Aftermath Perps DRAMUSD+0.0035%1h61.818−0.119%$1K$36K5xas long as short
Vest DRAM-USD-PERP+0.0046%1h61.800−0.148%$79710xas long as short
Polymarket Perps DRAM-USD+0.0050%1h61.851−0.066%$211K$1.2M10xas long as short
SoDEX DRAM-USD+0.0050%1h61.872−0.032%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h61.810−0.132%$1.2M$1.7M10xas long as short
QFEX DRAM-USD+0.0079%1h61.850−0.068%$1.0M$80K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX DRAMUSDC+0.0096%4h61.830−0.100%$153K$288K20xas long as short
Pacifica DRAM+0.0100%1h61.798−0.152%$75K$40K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h61.820−0.116%$3.0M$474K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h61.850−0.068%$22K$184K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h61.870−0.035%$9K10xas long as short
Aevo DRAM-PERP+0.0104%1h61.879−0.021%$4K10xas long as short
Entropy io:DRAM+0.0106%1h61.816−0.122%$260K$506K25xas long as short
Aster DRAMUSDT+0.0128%8h61.800−0.149%$199K$36K20xas long as short
Bitget DRAMUSDT+0.0130%8h61.890−0.003%$26.0M$12.6M20xas long as short
OKX DRAM-USDT-SWAP+0.0132%8h61.910+0.029%$5.4M$4.6M50xas long as short
GRVT DRAM_USDT_Perp+0.0148%8h61.849−0.068%$36K$180K10xas long as short
Lighter DRAM+0.0152%1h61.880−0.019%$976K$1.2M20xas long as short
Paradex DRAM-USD-PERP+0.0167%8h61.853−0.063%5xas long as short
Coinbase International DRAM-PERP-INTX+0.0192%1h61.580−0.504%$510K$43K20xas long as short
Variational Omni DRAM+0.0209%8h61.837−0.089%$2.4M$940Kas long as short
Bybit DRAMUSDT+0.0258%8h61.923+0.050%$9.3M$10.4M100xas long as short
MEXC DRAM_USDT+0.0260%8h61.890−0.003%$11.2M$6.4M100xas long as short
Binance DRAMUSDTlong+0.0262%8h61.892long leg$43.9M$82.4M50x
Extended DRAM-USD+0.0264%1h61.879−0.020%$77K$766K10xas long as short
RISEx DRAM/USDC+0.0295%1h61.859−0.053%$456K$475K20xas long as short
tradeXYZ xyz:DRAM+0.0302%1h61.868−0.038%$79.9M$39.8M20xas long as short
BloFin DRAM-USDT+0.0514%8h61.850−0.068%$295K$27K20xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0559%1h61.880−0.019%$13K$9K20xas long as short
Arcus DRAM-USD+0.0680%1h61.860−0.051%$51K$89K10xas long as short