Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0156%/8h= −17.0% APRpaid last 24h −0.054%

Price spread now: Coinbase International against BloFin+0.242%58s7-day average −0.170% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as 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−$420.419% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.178%+$18 on $10k

Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.242%, 7d avg −0.170%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.412% dearer against BloFin than usual: you sell high and buy low (spread +0.242% now, against its 7-day average of −0.170%): +$41 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 8.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.178%, so the current rate has only just turned against you. The two prices were read 58 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	BloFin DRAM-USDT	61.960	0.0260	pay 0.0260% / 8h	3h 29m	$301K	$26K	20x
Short	Coinbase International DRAM-PERP-INTX	62.110	0.0104	get 0.0013% / 1h	29m 38s	$533K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.242%Rate

Funding earned: −$32.7
Price spread: +0.242% → −0.170%: $41.2
Slippage, 4 orders: −$19.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$33.4
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from BloFin: live order book, 65 min ago; Coinbase International: live order book, 24 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 BloFin live order book, 65 min ago	1.60 bp	10.1 bp −$10	12.1 bp −$121	34.8 bp −$3,478	doesn't fit
Sell Coinbase International live order book, 24 min ago	4.82 bp	12.2 bp −$12	15.4 bp −$154	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
RISEx DRAM/USDC	0.0000%	1h	61.953	−0.010%	$436K	$500K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.980	+0.032%	$26.1M	$13.6M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.003	+0.070%	$36K	$186K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.020	+0.097%	$822	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.910	−0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.020	+0.097%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0018%	4h	61.970	+0.016%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0022%	1h	61.931	−0.046%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.970	+0.016%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.930	−0.048%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.930	−0.048%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.924	−0.058%	$165K	$454K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.941	−0.031%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.980	+0.032%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.920	−0.065%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0065%	8h	61.990	+0.048%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0085%	8h	61.929	−0.050%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0088%	8h	61.970	+0.016%	$9.6M	$9.8M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.967	+0.011%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.930	−0.048%	$3.0M	$397K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.950	−0.016%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.030	+0.113%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.027	+0.108%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0104%	1h	62.110	+0.242%	$533K	$75K	20x
tradeXYZ xyz:DRAM	+0.0134%	1h	61.946	−0.023%	$80.7M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0165%	8h	61.953	−0.011%	$199K	$35K	20x	as long as short
Lighter DRAM	+0.0192%	1h	61.962	+0.003%	$1.1M	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0226%	8h	61.974	+0.023%	$2.4M	$739K	—	as long as short
BloFin DRAM-USDTlong	+0.0260%	8h	61.960	long leg	$301K	$26K	20x
Extended DRAM-USD	+0.0280%	1h	61.932	−0.045%	$76K	$607K	10x	as long as short
Binance DRAMUSDT	+0.0281%	8h	61.960	0.000%	$44.5M	$81.1M	50x	as long as short
MEXC DRAM_USDT	+0.0282%	8h	61.950	−0.016%	$8.2M	$5.6M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	62.010	+0.081%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0466%	8h	61.990	+0.048%	$8.1M	$3.5M	75x	as long as short