Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0228%/8h= −24.9% APRpaid last 24h −0.034%

Price spread now: Polymarket Perps against Binance−0.019%46s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as 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−$260.258% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 2 days (all we have)−0.026%−$3 · spread now −0.019%, 7d avg −0.038%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 46 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 -0.074% in total (about -3.9% 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	61.940	0.0278	pay 0.0278% / 8h	51m 37s	$43.9M	$82.3M	50x
Short	Polymarket Perps DRAM-USD	61.928	0.0050	get 0.0006% / 1h	51m 37s	$211K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$47.84
Price spread: −0.019% → −0.038%: $1.82
Slippage, 4 orders: −$7.82
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$71.85
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Polymarket Perps: live order book, 2 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, 6 min ago	0.81 bp	5.8 bp −$6	7.2 bp −$72	27.6 bp −$2,765	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.37 bp	5.8 bp −$6	6.1 bp −$61	7.3 bp −$731	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	61.950	+0.016%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.920	−0.032%	$765	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.900	−0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.880	−0.097%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.860	−0.129%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.910	−0.048%	—	$797	10x	as long as short
Polymarket Perps DRAM-USDshort	+0.0050%	1h	61.928	−0.019%	$211K	$1.2M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.931	−0.015%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	−0.065%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0053%	4h	61.904	−0.058%	$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	61.930	−0.016%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.944	+0.006%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.890	−0.081%	$3.0M	$474K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.790	−0.242%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.930	−0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.947	+0.012%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0135%	8h	61.950	+0.016%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0136%	8h	61.950	+0.016%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0144%	8h	61.916	−0.039%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0159%	8h	61.910	−0.048%	$36K	$178K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0170%	8h	61.943	+0.005%	—	—	5x	as long as short
Entropy io:DRAM	+0.0183%	1h	61.891	−0.079%	$258K	$501K	25x	as long as short
Lighter DRAM	+0.0192%	1h	61.935	−0.008%	$977K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.581%	$510K	$43K	20x	as long as short
Variational Omni DRAM	+0.0218%	8h	61.867	−0.118%	$2.4M	$949K	—	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0235%	1h	61.940	0.000%	$13K	$9K	20x	as long as short
Bybit DRAMUSDT	+0.0266%	8h	61.980	+0.065%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0276%	8h	61.940	0.000%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDTlong	+0.0278%	8h	61.940	long leg	$43.9M	$82.3M	50x
Extended DRAM-USD	+0.0280%	1h	61.928	−0.020%	$77K	$766K	10x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.945	+0.009%	$457K	$475K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0299%	1h	61.939	−0.002%	$80.3M	$39.8M	20x	as long as short
BloFin DRAM-USDT	+0.0535%	8h	61.940	0.000%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.930	−0.016%	$50K	$89K	10x	as long as short