Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0422%/8h= −46.2% APRpaid last 24h −0.044%

Price spread now: Entropy against BloFin−0.016%90s7-day average −0.006% · you buy dearer than you sell

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

Long on BloFin Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.016%, 7d avg −0.006%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.008% in total (about 0.7% 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	BloFin DRAM-USDT	62.420	0.0589	pay 0.0589% / 8h	4h 41m	$303K	$26K	20x
Short	Entropy io:DRAM	62.410	0.0167	get 0.0021% / 1h	41m 33s	$215K	$428K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.016%Rate

Funding earned: −$88.69
Price spread: −0.016% → −0.006%: −$1.03
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$119.72
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 58 min ago; Entropy: live order book, 54 min ago. 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 BloFin live order book, 58 min ago	2.41 bp	9.6 bp −$10	11.8 bp −$118	33.8 bp −$3,381	doesn't fit
Sell Entropy live order book, 54 min ago	2.49 bp	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	62.455	+0.056%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.450	+0.048%	$878	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.390	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.450	+0.048%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	62.378	−0.067%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.436	+0.026%	$970K	$1.0M	20x	as long as short
edgeX DRAMUSDC	+0.0040%	4h	62.437	+0.027%	$151K	$296K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	−0.096%	$51K	$79K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.400	−0.032%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.416	−0.006%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.447	+0.043%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.390	−0.048%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.440	+0.032%	$1.0M	$78K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0081%	8h	62.402	−0.029%	$37K	$167K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0097%	8h	62.436	+0.026%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0100%	1h	62.419	−0.002%	$81.8M	$35.6M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.452	+0.051%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.420	0.000%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.390	−0.048%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.470	+0.080%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.460	+0.064%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0106%	8h	62.460	+0.064%	$26.3M	$13.2M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0144%	8h	62.450	+0.048%	$5.5M	$4.5M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.144%	$535K	$75K	20x	as long as short
Entropy io:DRAMshort	+0.0167%	1h	62.410	−0.016%	$215K	$428K	25x
Bybit DRAMUSDT	+0.0203%	8h	62.490	+0.112%	$9.7M	$9.8M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.440	+0.032%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0316%	8h	62.460	+0.064%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0405%	8h	62.383	−0.059%	$2.4M	$738K	—	as long as short
Binance DRAMUSDT	+0.0432%	8h	62.453	+0.053%	$45.0M	$80.4M	50x	as long as short
Extended DRAM-USD	+0.0432%	1h	62.439	+0.031%	$75K	$636K	10x	as long as short
MEXC DRAM_USDT	+0.0434%	8h	62.440	+0.032%	$9.2M	$5.4M	100x	as long as short
BloFin DRAM-USDTlong	+0.0589%	8h	62.420	long leg	$303K	$26K	20x
Gate DRAM_USDT	+0.0611%	8h	62.480	+0.096%	$8.2M	$3.5M	75x	as long as short