Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0511%/8h= −55.9% APRpaid last 24h −0.050%

Price spread now: tradeXYZ against BloFin−0.042%48s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$390.393% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.042%, 7d avg −0.046%

Together, before fees+0.067%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. The two prices were read 48 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 7 days it paid 0.042% in total (about 2.2% 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	62.400	0.0684	pay 0.0684% / 8h	5h 02m	$302K	$26K	20x
Short	tradeXYZ xyz:DRAM	62.374	0.0174	get 0.0022% / 1h	2m 13s	$81.8M	$36.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$107.22
Price spread: −0.042% → −0.046%: $0.4
Slippage, 4 orders: −$9.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$146.07
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from BloFin: live order book, 37 min ago; tradeXYZ: 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 BloFin live order book, 37 min ago	2.41 bp	9.6 bp −$10	11.8 bp −$118	33.8 bp −$3,381	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.56 bp	9.7 bp −$10	11.9 bp −$119	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	62.400	0.000%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.390	−0.016%	$747	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.370	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.410	+0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	62.361	−0.062%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.370	−0.048%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.350	−0.080%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.371	−0.046%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.396	−0.006%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.350	−0.080%	$1.1M	$2.2M	10x	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	+0.0055%	1h	62.380	−0.032%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0060%	4h	62.403	+0.005%	$151K	$298K	20x	as long as short
Entropy io:DRAM	+0.0094%	1h	62.357	−0.069%	$246K	$413K	25x	as long as short
Lighter DRAM	+0.0096%	1h	62.395	−0.008%	$970K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.357	−0.068%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	−0.032%	$3.0M	$389K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.440	+0.064%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.410	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.409	+0.015%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0105%	8h	62.410	+0.016%	$26.3M	$13.2M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0117%	8h	62.388	−0.020%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0127%	8h	62.412	+0.019%	$37K	$163K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0167%	8h	62.410	+0.016%	$5.5M	$4.4M	50x	as long as short
tradeXYZ xyz:DRAMshort	+0.0174%	1h	62.374	−0.042%	$81.8M	$36.0M	20x
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.577%	$534K	$74K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.390	−0.016%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0243%	8h	62.432	+0.051%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0359%	8h	62.426	+0.042%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0441%	8h	62.393	−0.011%	$2.4M	$717K	—	as long as short
Extended DRAM-USD	+0.0472%	1h	62.384	−0.025%	$76K	$637K	10x	as long as short
Binance DRAMUSDT	+0.0475%	8h	62.404	+0.006%	$44.9M	$80.8M	50x	as long as short
MEXC DRAM_USDT	+0.0476%	8h	62.400	0.000%	$9.3M	$5.6M	100x	as long as short
Gate DRAM_USDT	+0.0576%	8h	62.440	+0.064%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDTlong	+0.0684%	8h	62.400	long leg	$302K	$26K	20x