Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0368%/8h= −40.3% APRpaid last 24h −0.022%

Price spread now: tradeXYZ against Binance−0.043%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 2 days (all we have)−0.019%−$2 · spread now −0.043%, 7d avg −0.041%

Together, before fees+0.021%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$11 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 0.040% in total (about 2.1% 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	62.157	0.0582	pay 0.0582% / 8h	6h 18m	$44.6M	$81.8M	50x
Short	tradeXYZ xyz:DRAM	62.131	0.0214	get 0.0027% / 1h	18m 25s	$81.8M	$36.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$77.23
Price spread: −0.043% → −0.041%: −$0.17
Slippage, 4 orders: −$4.62
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$110.02
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; tradeXYZ: live order book, 11 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	0.80 bp	5.8 bp −$6	9.4 bp −$94	35.5 bp −$3,552	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.24 bp	10.2 bp −$10	12.3 bp −$123	doesn't fit	doesn't fit

DRAM on 33 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
SunX DRAM-USDT	0.0000%	8h	62.130	−0.044%	$721	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.150	−0.012%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.140	−0.028%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0032%	4h	62.187	+0.048%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0033%	1h	62.143	−0.024%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.150	−0.012%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.110	−0.076%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.130	−0.044%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.128	−0.047%	$252K	$430K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.130	−0.044%	$266K	$1.3M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.144	−0.022%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.100	−0.092%	$1.1M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.122	−0.057%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.130	−0.044%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.200	+0.068%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.160	+0.004%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.169	+0.019%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.147	−0.017%	$966K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.044%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0167%	8h	62.136	−0.034%	—	—	5x	as long as short
tradeXYZ xyz:DRAMshort	+0.0214%	1h	62.131	−0.043%	$81.8M	$36.8M	20x
OKX DRAM-USDT-SWAP	+0.0221%	8h	62.180	+0.036%	$5.5M	$4.5M	50x	as long as short
Bitget DRAMUSDT	+0.0237%	8h	62.170	+0.020%	$26.0M	$13.0M	20x	as long as short
Bybit DRAMUSDT	+0.0300%	8h	62.179	+0.035%	$9.6M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0394%	1h	62.150	−0.012%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0396%	8h	62.243	+0.137%	$37K	$154K	10x	as long as short
Aster DRAMUSDT	+0.0456%	8h	62.161	+0.005%	$200K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0533%	8h	62.180	+0.036%	$8.2M	$3.5M	75x	as long as short
Variational Omni DRAM	+0.0547%	8h	62.183	+0.042%	$2.4M	$709K	—	as long as short
Binance DRAMUSDTlong	+0.0582%	8h	62.157	long leg	$44.6M	$81.8M	50x
Extended DRAM-USD	+0.0584%	1h	62.143	−0.024%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0585%	8h	62.150	−0.012%	$9.6M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.156	−0.003%	$447K	$504K	20x	as long as short