Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.050%

Price spread now: Entropy against Bitget−0.057%45s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.450% of the position

Long on Bitget Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.117%+$12 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.057%, 7d avg −0.014%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.042% cheaper against Bitget than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.014%). If the spread goes back, that is −$4 on $10k: about 36 hours of funding at the current rate (+$3 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DRAMUSDT	61.590	0.0107	pay 0.0107% / 8h	2h 33m	$25.9M	$12.6M	20x
Short	Entropy io:DRAM	61.555	0.0202	get 0.0025% / 1h	33m 52s	$249K	$503K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.057%Rate

Funding earned: $20.02
Price spread: −0.057% → −0.014%: −$4.24
Slippage, 4 orders: −$14.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$29.18
Costs to cover: 0.450%
Break-even: 17.2 days

Slippage from Bitget: live order book, 5 min ago; Entropy: live order book, 45 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, 5 min ago	1.62 bp	9.1 bp −$9	18.9 bp −$189	28.6 bp −$2,857	67.8 bp −$33.9K
Sell Entropy live order book, 45 min ago	1.87 bp	14.7 bp −$15	doesn't fit	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	61.600	+0.016%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.590	0.000%	$644	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.580	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.590	0.000%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0009%	4h	61.562	−0.045%	$152K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	61.579	−0.018%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.550	−0.065%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.576	−0.023%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.588	−0.003%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.520	−0.114%	$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
OKX DRAM-USDT-SWAP	+0.0056%	8h	61.600	+0.016%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.600	+0.016%	$1.0M	$77K	10x	as long as short
Aster DRAMUSDT	+0.0085%	8h	61.528	−0.101%	$201K	$33K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.521	−0.112%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.550	−0.065%	$3.0M	$484K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.580	−0.016%	$22K	$181K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.600	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.597	+0.012%	$4K	—	10x	as long as short
Bitget DRAMUSDTlong	+0.0107%	8h	61.590	long leg	$25.9M	$12.6M	20x
Variational Omni DRAM	+0.0160%	8h	61.583	−0.012%	$2.4M	$999K	—	as long as short
Paradex DRAM-USD-PERP	+0.0162%	8h	61.583	−0.011%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0162%	8h	61.620	+0.049%	$9.1M	$10.2M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0165%	8h	61.578	−0.020%	$36K	$192K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0168%	1h	61.566	−0.039%	$79.0M	$39.7M	20x	as long as short
Entropy io:DRAMshort	+0.0202%	1h	61.555	−0.057%	$249K	$503K	25x
BloFin DRAM-USDT	+0.0211%	8h	61.590	0.000%	$295K	$26K	20x	as long as short
MEXC DRAM_USDT	+0.0218%	8h	61.580	−0.016%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0220%	8h	61.590	0.000%	$43.7M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.583	−0.011%	$102K	$741K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.130%	$510K	$43K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.596	+0.010%	$990K	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0400%	1h	61.590	0.000%	$13K	$9K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.589	−0.001%	$474K	$440K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.580	−0.016%	$50K	$97K	10x	as long as short