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

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRnext payment $0.36 per $10,000 · paid last 24h −0.020%
Price spread now: KuCoin against Bybit−0.102%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$970.972% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.112%+$11 on $10k
Price spread, last 7 days+0.019%+$2 · spread now −0.102%, 7d avg −0.059%
Together, before fees+0.130%+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.043% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.059%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.112%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit DRAMUSDT61.6530.0136pay 0.0136% / 8h2h 00m$9.2M$10.3M100x
ShortKuCoin DRAMUSDTM61.5900.0100get 0.0100% / 8h2h 00m$3.0M$484K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$7.48
Price spread: −0.102% → −0.059%
−$4.31
Slippage, 4 orders
−$74.17
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$108.96
Costs to cover
0.972%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 6 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 Bybit live order book, 2 min ago0.81 bp9.3 bp −$917.2 bp −$172202.6 bp −$20.3Kdoesn't fit
Sell KuCoin live order book, 6 min ago1.62 bp27.3 bp −$27doesn'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
Gate DRAM_USDT0.0000%8h61.620−0.054%$8.2M$3.6M75xas long as short
SunX DRAM-USDT0.0000%8h61.620−0.054%$743$3.3M10xas long as short
HTX DRAM-USDT0.0000%8h61.580−0.118%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h61.610−0.070%$1.8M$1.3M10xas long as short
Aftermath Perps DRAMUSD+0.0032%1h61.592−0.099%$1K$36K5xas long as short
Vest DRAM-USD-PERP+0.0046%1h61.550−0.167%$79710xas long as short
Entropy io:DRAM+0.0050%1h61.539−0.185%$252K$504K25xas long as short
Polymarket Perps DRAM-USD+0.0050%1h61.592−0.099%$203K$1.2M10xas long as short
SoDEX DRAM-USD+0.0050%1h61.613−0.065%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h61.540−0.183%$1.2M$1.7M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX DRAM-USDT-SWAP+0.0061%8h61.630−0.037%$5.4M$4.8M50xas long as short
edgeX DRAMUSDC+0.0063%4h61.602−0.082%$152K$290K20xas long as short
QFEX DRAM-USD+0.0080%1h61.600−0.086%$1.0M$77K10xas long as short
Aster DRAMUSDT+0.0083%8h61.600−0.086%$198K$36K20xas long as short
Bitget DRAMUSDT+0.0084%8h61.620−0.054%$26.0M$12.6M20xas long as short
Pacifica DRAM+0.0100%1h61.551−0.165%$75K$40K10xas long as short
KuCoin DRAMUSDTMshort+0.0100%8h61.590−0.102%$3.0M$484K20x
ApeX Omni DRAMUSDT+0.0100%1h61.570−0.135%$22K$184K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h61.610−0.070%$8K10xas long as short
Aevo DRAM-PERP+0.0104%1h61.625−0.046%$4K10xas long as short
Paradex DRAM-USD-PERP+0.0128%8h61.593−0.098%5xas long as short
tradeXYZ xyz:DRAM+0.0133%1h61.592−0.099%$78.9M$39.7M20xas long as short
Bybit DRAMUSDTlong+0.0136%8h61.653long leg$9.2M$10.3M100x
GRVT DRAM_USDT_Perp+0.0144%8h61.590−0.102%$36K$190K10xas long as short
Lighter DRAM+0.0152%1h61.596−0.092%$990K$1.2M20xas long as short
Variational Omni DRAM+0.0167%8h61.582−0.115%$2.4M$978Kas long as short
MEXC DRAM_USDT+0.0214%8h61.620−0.054%$11.1M$6.4M100xas long as short
Binance DRAMUSDT+0.0215%8h61.625−0.045%$43.7M$82.9M50xas long as short
Extended DRAM-USD+0.0216%1h61.617−0.058%$102K$741K10xas long as short
Coinbase International DRAM-PERP-INTX+0.0232%1h61.580−0.118%$510K$44K20xas long as short
BloFin DRAM-USDT+0.0233%8h61.640−0.021%$295K$26K20xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0400%1h61.610−0.070%$13K$9K20xas long as short
RISEx DRAM/USDC+0.0459%1h61.620−0.054%$479K$443K20xas long as short
Arcus DRAM-USD+0.0739%1h61.610−0.070%$50K$93K10xas long as short