Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0553%/8h= +60.5% APRpaid last 24h +0.054%

Price spread now: Arcus against Bitget−0.049%7-day average −0.089% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.049%, 7d avg −0.089%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Arcus is 0.040% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.089%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.089% in total (about 9.7% 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	Bitget DRAMUSDT	61.740	0.0096	pay 0.0096% / 8h	1h 43m	$26.0M	$12.5M	20x
Short	Arcus DRAM-USD	61.710	0.0649	get 0.0081% / 1h	43m 28s	$50K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now −0.049%Rate

Funding earned: $116.12
Price spread: −0.049% → −0.089%: $4.01
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $103.62
Costs to cover: 0.165%
Break-even: 0.8 days

Slippage unknown: Bitget: live order book, 5 min ago; Arcus: no order-book sample. Net counts fees only.

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 Bitget live order book, 5 min ago	0.81 bp	8.0 bp −$8	18.9 bp −$189	30.0 bp −$2,995	58.9 bp −$29.5K
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	61.740	0.000%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.740	0.000%	$1K	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.680	−0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.740	0.000%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.709	−0.050%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.640	−0.162%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.690	−0.081%	$254K	$506K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.704	−0.058%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.728	−0.019%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.640	−0.162%	$1.2M	$1.7M	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	+0.0052%	1h	61.730	−0.016%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0088%	4h	61.725	−0.025%	$153K	$290K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0090%	8h	61.720	−0.032%	$5.4M	$4.6M	50x	as long as short
Aster DRAMUSDT	+0.0091%	8h	61.734	−0.009%	$198K	$36K	20x	as long as short
Bitget DRAMUSDTlong	+0.0096%	8h	61.740	long leg	$26.0M	$12.5M	20x
Pacifica DRAM	+0.0100%	1h	61.744	+0.006%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.720	−0.032%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.670	−0.113%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.720	−0.032%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.722	−0.029%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0133%	8h	61.731	−0.015%	$35K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0154%	8h	61.714	−0.043%	—	—	5x	as long as short
Variational Omni DRAM	+0.0173%	8h	61.699	−0.066%	$2.4M	$967K	—	as long as short
Bybit DRAMUSDT	+0.0183%	8h	61.750	+0.016%	$9.3M	$10.3M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.259%	$510K	$44K	20x	as long as short
MEXC DRAM_USDT	+0.0221%	8h	61.730	−0.016%	$11.2M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.730	−0.016%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0224%	8h	61.720	−0.032%	$43.7M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.740	0.000%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0328%	1h	61.718	−0.036%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0332%	1h	61.696	−0.071%	$79.2M	$39.9M	20x	as long as short
BloFin DRAM-USDT	+0.0334%	8h	61.710	−0.049%	$294K	$27K	20x	as long as short
Arcus DRAM-USDshort	+0.0649%	1h	61.710	−0.049%	$50K	$92K	10x
Deribit DRAM_USDC-PERPETUAL	+0.0723%	1h	61.710	−0.049%	$13K	$9K	20x	as long as short