Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.056%

Price spread now: Coinbase International against Bitget−0.274%7-day average −0.176% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 3 days (all we have)+0.337%+$34 · spread now −0.274%, 7d avg −0.176%

Together, before fees+0.582%+$58 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.098% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.176%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DRAMUSDT	62.050	0.0194	pay 0.0194% / 8h	5m 54s	$26.2M	$12.6M	20x
Short	Coinbase International DRAM-PERP-INTX	61.880	0.0192	get 0.0024% / 1h	5m 54s	$535K	$94K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.274%Rate

Funding earned: −$0.42
Price spread: −0.274% → −0.176%: −$9.77
Slippage, 4 orders: −$11.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$44.02
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 7 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 Bitget live order book, 3 min ago	0.81 bp	8.3 bp −$8	11.4 bp −$114	17.4 bp −$1,739	58.7 bp −$29.3K
Sell Coinbase International live order book, 7 min ago	3.23 bp	9.0 bp −$9	12.4 bp −$124	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
Gate DRAM_USDT	0.0000%	8h	62.070	+0.032%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.020	−0.048%	$760	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.010	−0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.050	0.000%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	61.980	−0.113%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.960	−0.145%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.017	−0.053%	$215K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.045	−0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.970	−0.129%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0069%	4h	61.977	−0.118%	$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	62.020	−0.048%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.980	−0.113%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.990	−0.097%	$3.0M	$470K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.040	−0.016%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.040	−0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.051	+0.001%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0183%	8h	62.060	+0.016%	$5.4M	$4.6M	50x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0192%	1h	61.880	−0.274%	$535K	$94K	20x
Bitget DRAMUSDTlong	+0.0194%	8h	62.050	long leg	$26.2M	$12.6M	20x
Paradex DRAM-USD-PERP	+0.0222%	8h	62.041	−0.014%	—	—	5x	as long as short
Lighter DRAM	+0.0248%	1h	62.052	+0.003%	$960K	$1.2M	20x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	62.048	−0.002%	$457K	$476K	20x	as long as short
Bybit DRAMUSDT	+0.0300%	8h	62.080	+0.048%	$9.3M	$10.5M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0303%	8h	61.990	−0.097%	$36K	$170K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0305%	1h	62.033	−0.027%	$81.1M	$40.7M	20x	as long as short
Aster DRAMUSDT	+0.0312%	8h	62.010	−0.064%	$199K	$36K	20x	as long as short
Entropy io:DRAM	+0.0326%	1h	62.033	−0.027%	$252K	$492K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0395%	1h	62.020	−0.048%	$13K	$9K	20x	as long as short
Variational Omni DRAM	+0.0410%	8h	62.037	−0.022%	$2.4M	$948K	—	as long as short
MEXC DRAM_USDT	+0.0444%	8h	62.020	−0.048%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0447%	8h	62.052	+0.003%	$43.8M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0448%	1h	62.036	−0.022%	$78K	$768K	10x	as long as short
Arcus DRAM-USD	+0.0680%	1h	62.020	−0.048%	$50K	$90K	10x	as long as short
BloFin DRAM-USDT	+0.0720%	8h	62.020	−0.048%	$295K	$27K	20x	as long as short