Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0145%/8h= −15.9% APRnext payment $1.45 per $10,000 · paid last 24h −0.071%
Price spread now: KuCoin against BloFin−0.242%95s7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$950.951% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.242%, 7d avg −0.044%
Together, before fees+0.214%+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.199% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.044%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin DRAM-USDT61.8900.0245pay 0.0245% / 8h3h 19m$299K$26K20x
ShortKuCoin DRAMUSDTM61.7400.0100get 0.0100% / 8h3h 19m$3.0M$397K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$30.42
Price spread: −0.242% → −0.044%
−$19.85
Slippage, 4 orders
−$71.1
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$145.37
Costs to cover
0.951%
Break-even
never at this rate
Slippage from BloFin: live order book, 10 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 10 min ago2.42 bp10.9 bp −$1115.6 bp −$15641.5 bp −$4,146doesn't fit
Sell KuCoin live order book, 3 min ago1.62 bp28.6 bp −$29doesn't fitdoesn't fitdoesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx DRAM/USDC0.0000%1h61.806−0.136%$435K$500K20xas long as short
Bitget DRAMUSDT0.0000%8h61.810−0.129%$26.0M$13.7M20xas long as short
GRVT DRAM_USDT_Perp0.0000%8h61.904+0.022%$36K$187K10xas long as short
SunX DRAM-USDT0.0000%8h61.830−0.097%$586$2.6M10xas long as short
HTX DRAM-USDT0.0000%8h61.780−0.178%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h61.790−0.162%$1.7M$1.3M10xas long as short
Aftermath Perps DRAMUSD+0.0023%1h61.824−0.107%$1K$32K5xas long as short
QFEX DRAM-USD+0.0036%1h61.810−0.129%$1.0M$84K10xas long as short
Arcus DRAM-USD+0.0040%1h61.830−0.097%$48K$77K10xas long as short
Vest DRAM-USD-PERP+0.0046%1h61.780−0.178%10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Entropy io:DRAM+0.0050%1h61.772−0.191%$172K$460K25xas long as short
Polymarket Perps DRAM-USD+0.0050%1h61.770−0.194%$259K$1.3M10xas long as short
SoDEX DRAM-USD+0.0050%1h61.795−0.153%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h61.740−0.242%$1.1M$2.4M10xas long as short
OKX DRAM-USDT-SWAP+0.0059%8h61.790−0.162%$5.4M$4.6M50xas long as short
edgeX DRAMUSDC+0.0071%4h61.820−0.113%$150K$298K20xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0074%1h61.770−0.194%$13K$3K20xas long as short
Bybit DRAMUSDT+0.0075%8h61.790−0.162%$9.6M$9.8M100xas long as short
Pacifica DRAM+0.0100%1h61.774−0.188%$74K$47K10xas long as short
KuCoin DRAMUSDTMshort+0.0100%8h61.740−0.242%$3.0M$397K20x
ApeX Omni DRAMUSDT+0.0100%1h61.840−0.081%$22K$184K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h61.780−0.178%$8K10xas long as short
Aevo DRAM-PERP+0.0104%1h61.788−0.165%$4K10xas long as short
Coinbase International DRAM-PERP-INTX+0.0104%1h62.110+0.355%$533K$75K20xas long as short
Paradex DRAM-USD-PERP+0.0109%8h61.758−0.213%5xas long as short
tradeXYZ xyz:DRAM+0.0133%1h61.744−0.236%$80.4M$35.6M20xas long as short
Aster DRAMUSDT+0.0147%8h61.756−0.217%$199K$35K20xas long as short
Lighter DRAM+0.0192%1h61.775−0.186%$1.1M$1.2M20xas long as short
Variational Omni DRAM+0.0204%8h61.884−0.009%$2.4M$739Kas long as short
BloFin DRAM-USDTlong+0.0245%8h61.890long leg$299K$26K20x
Binance DRAMUSDT+0.0261%8h61.770−0.194%$44.3M$81.5M50xas long as short
MEXC DRAM_USDT+0.0262%8h61.760−0.210%$8.2M$5.6M100xas long as short
Extended DRAM-USD+0.0264%1h61.755−0.217%$75K$261K10xas long as short
Gate DRAM_USDT+0.0416%8h61.810−0.129%$8.1M$3.5M75xas long as short