Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.030%

Price spread now: Aster against Coinbase International+0.245%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.250%−$25 on $10k

Price spread, last 3 days (all we have)−0.244%−$24 · spread now +0.245%, 7d avg +0.158%

Together, before fees−0.494%+ Points / potential airdropAster: Stage 5 · farm board−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.088% dearer against Coinbase International than usual: you sell high and buy low (spread +0.245% now, against its 7-day average of +0.158%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.580	0.0208	pay 0.0026% / 1h	42m 44s	$510K	$44K	20x
Short	Aster DRAMUSDT	61.731	0.0093	get 0.0093% / 8h	1h 42m	$198K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.245%Rate

Funding earned: −$24.22
Price spread: +0.245% → +0.158%: $8.76
Slippage, 4 orders: −$23.48
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$56.94
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 40 min ago; Aster: live order book, 39 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 Coinbase International live order book, 40 min ago	2.43 bp	8.9 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell Aster live order book, 39 min ago	4.06 bp	9.6 bp −$10	13.2 bp −$132	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
Gate DRAM_USDT	0.0000%	8h	61.730	+0.244%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.710	+0.211%	$971	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.720	+0.227%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.720	+0.227%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.709	+0.210%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.640	+0.097%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.690	+0.179%	$254K	$506K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.704	+0.201%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.715	+0.219%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.670	+0.146%	$1.2M	$1.7M	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	+0.0052%	1h	61.730	+0.244%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0088%	4h	61.725	+0.235%	$153K	$290K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0090%	8h	61.720	+0.227%	$5.4M	$4.6M	50x	as long as short
Aster DRAMUSDTshort	+0.0093%	8h	61.731	+0.245%	$198K	$36K	20x
Bitget DRAMUSDT	+0.0097%	8h	61.730	+0.244%	$26.0M	$12.5M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.726	+0.236%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.720	+0.227%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.670	+0.146%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.720	+0.227%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.724	+0.233%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0133%	8h	61.731	+0.245%	$35K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0156%	8h	61.712	+0.215%	—	—	5x	as long as short
Variational Omni DRAM	+0.0173%	8h	61.699	+0.193%	$2.4M	$967K	—	as long as short
Bybit DRAMUSDT	+0.0187%	8h	61.770	+0.309%	$9.3M	$10.3M	100x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0208%	1h	61.580	long leg	$510K	$44K	20x
Extended DRAM-USD	+0.0224%	1h	61.709	+0.210%	$102K	$741K	10x	as long as short
MEXC DRAM_USDT	+0.0224%	8h	61.720	+0.227%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0225%	8h	61.722	+0.231%	$43.7M	$82.5M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.740	+0.260%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0328%	1h	61.721	+0.229%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0334%	1h	61.708	+0.208%	$79.3M	$39.9M	20x	as long as short
BloFin DRAM-USDT	+0.0349%	8h	61.750	+0.276%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.710	+0.211%	$50K	$92K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0723%	1h	61.710	+0.211%	$13K	$9K	20x	as long as short