Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0151%/8h= +16.6% APRpaid last 24h −0.004%

Price spread now: Coinbase International against Bybit−0.155%7-day average −0.178% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.155%, 7d avg −0.178%

Together, before fees+0.450%+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	61.245	0.0033	pay 0.0033% / 8h	2h 36m	$9.4M	$10.1M	100x
Short	Coinbase International DRAM-PERP-INTX	61.150	0.0184	get 0.0023% / 1h	36m 29s	$525K	$74K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.155%Rate

Funding earned: $31.74
Price spread: −0.155% → −0.178%: $2.31
Slippage, 4 orders: −$13.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.62
Costs to cover: 0.347%
Break-even: 7.1 days

Slippage from Bybit: live order book, 7 min ago; Coinbase International: live order book, 12 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 Bybit live order book, 7 min ago	0.81 bp	8.6 bp −$9	12.3 bp −$123	125.7 bp −$12.6K	doesn't fit
Sell Coinbase International live order book, 12 min ago	4.06 bp	9.1 bp −$9	14.9 bp −$149	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
Bitget DRAMUSDT	−0.0174%	8h	61.230	−0.024%	$25.8M	$13.9M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.199	−0.074%	$424K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.212	−0.055%	$36K	$192K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.280	+0.057%	$827	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.190	−0.090%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.300	+0.090%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.317	+0.117%	$1K	$31K	5x	as long as short
Bybit DRAMUSDTlong	+0.0033%	8h	61.245	long leg	$9.4M	$10.1M	100x
OKX DRAM-USDT-SWAP	+0.0039%	8h	61.250	+0.008%	$5.4M	$4.9M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.240	−0.008%	$48K	$76K	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	61.200	−0.073%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.190	−0.090%	$997K	$84K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.243	−0.003%	$169K	$466K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.207	−0.062%	$257K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.228	−0.028%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.180	−0.106%	$1.1M	$2.8M	10x	as long as short
edgeX DRAMUSDC	+0.0068%	4h	61.187	−0.095%	$148K	$298K	20x	as long as short
Aster DRAMUSDT	+0.0080%	8h	61.241	−0.006%	$197K	$35K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.185	−0.098%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.210	−0.057%	$3.0M	$403K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.180	−0.106%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.300	+0.090%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0103%	8h	61.180	−0.107%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.302	+0.092%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0146%	8h	61.286	+0.066%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0152%	1h	61.187	−0.095%	$79.4M	$35.6M	20x	as long as short
BloFin DRAM-USDT	+0.0159%	8h	61.340	+0.155%	$301K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0159%	8h	61.240	−0.008%	$8.0M	$3.6M	75x	as long as short
Lighter DRAM	+0.0184%	1h	61.202	−0.070%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0184%	1h	61.150	−0.155%	$525K	$74K	20x
Binance DRAMUSDT	+0.0189%	8h	61.217	−0.045%	$43.8M	$84.3M	50x	as long as short
MEXC DRAM_USDT	+0.0190%	8h	61.170	−0.122%	$8.5M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0192%	1h	61.174	−0.116%	$76K	$191K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0240%	1h	61.290	+0.073%	$13K	$3K	20x	as long as short