Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h 0.000%

Price spread now: Entropy against Bybit−0.155%7-day average −0.024% · you buy dearer than you sell

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

Long on Bybit Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.155%, 7d avg −0.024%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.132% cheaper against Bybit than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of −0.024%). If the spread goes back, that is −$13 on $10k: about 6.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	61.203	0.0005	pay 0.0005% / 8h	2h 15m	$9.4M	$10.2M	100x
Short	Entropy io:DRAM	61.108	0.0069	get 0.0009% / 1h	15m 03s	$168K	$470K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.155%Rate

Funding earned: $13.41
Price spread: −0.155% → −0.024%: −$13.15
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$28.75
Costs to cover: 0.290%
Break-even: 22.0 days

Slippage unknown: Bybit: live order book, 3 min ago; Entropy: live order book, 60 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 Bybit live order book, 3 min ago	0.82 bp	7.6 bp −$8	12.0 bp −$120	121.0 bp −$12.1K	doesn't fit
Sell Entropy live order book, 60 min ago	2.11 bp	13.5 bp −$13	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
Bitget DRAMUSDT	−0.0518%	8h	61.200	−0.005%	$25.9M	$14.1M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.132	−0.117%	$423K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.235	+0.052%	$36K	$195K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.130	−0.119%	$798	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.140	−0.103%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.180	−0.038%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDTlong	+0.0005%	8h	61.203	long leg	$9.4M	$10.2M	100x
Gate DRAM_USDT	+0.0017%	8h	61.210	+0.011%	$8.0M	$3.7M	75x	as long as short
Aftermath Perps DRAMUSD	+0.0026%	1h	61.133	−0.115%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0039%	8h	61.200	−0.005%	$5.4M	$5.6M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.140	−0.103%	$48K	$69K	10x	as long as short
edgeX DRAMUSDC	+0.0042%	4h	61.185	−0.030%	$148K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.100	−0.168%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.120	−0.136%	$995K	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.090	−0.185%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.132	−0.116%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.120	−0.136%	$1.1M	$3.3M	10x	as long as short
Aster DRAMUSDT	+0.0060%	8h	61.183	−0.033%	$197K	$35K	20x	as long as short
Entropy io:DRAMshort	+0.0069%	1h	61.108	−0.155%	$168K	$470K	25x
Pacifica DRAM	+0.0100%	1h	61.092	−0.181%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.130	−0.119%	$3.0M	$409K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.100	−0.168%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.130	−0.119%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.130	−0.119%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0106%	8h	61.115	−0.144%	$2.3M	$670K	—	as long as short
Paradex DRAM-USD-PERP	+0.0106%	8h	61.123	−0.130%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0136%	1h	61.146	−0.093%	$79.2M	$36.1M	20x	as long as short
BloFin DRAM-USDT	+0.0151%	8h	61.150	−0.087%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0168%	8h	61.174	−0.048%	$43.7M	$86.3M	50x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.114	−0.146%	$76K	$188K	10x	as long as short
MEXC DRAM_USDT	+0.0168%	8h	61.160	−0.070%	$8.0M	$5.7M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.152%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0232%	1h	61.170	−0.054%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0405%	1h	61.110	−0.152%	$13K	$3K	20x	as long as short