Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.020%

Price spread now: Binance against Coinbase International+0.298%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 4 days (all we have)−0.332%−$33 · spread now +0.298%, 7d avg +0.145%

Together, before fees−0.511%−$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.153% dearer against Coinbase International than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.145%. Mind the row above: over the last 7 days funding on this pair cost −0.179%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.179% in total (about -9.4% 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	Coinbase International DRAM-PERP-INTX	62.040	0.0184	pay 0.0023% / 1h	37m 54s	$534K	$76K	20x
Short	Binance DRAMUSDT	62.225	0.0524	get 0.0524% / 8h	5h 37m	$44.6M	$81.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.298%Rate

Funding earned: $71.33
Price spread: +0.298% → +0.145%: $15.28
Slippage, 4 orders: −$13.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $52.76
Costs to cover: 0.339%
Break-even: 1.8 days

Slippage from Coinbase International: live order book, 25 min ago; Binance: live order book, 5 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, 25 min ago	4.82 bp	9.8 bp −$10	14.9 bp −$149	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.80 bp	5.8 bp −$6	6.9 bp −$69	33.2 bp −$3,316	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	62.223	+0.295%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.240	+0.322%	$1K	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.210	+0.274%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.240	+0.322%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	62.198	+0.255%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.210	+0.274%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.160	+0.193%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.185	+0.234%	$253K	$419K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.204	+0.264%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.234	+0.313%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.170	+0.210%	$1.1M	$2.1M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.210	+0.274%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0091%	4h	62.217	+0.285%	$151K	$296K	20x	as long as short
Lighter DRAM	+0.0096%	1h	62.200	+0.258%	$967K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.240	+0.322%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.210	+0.274%	$3.0M	$401K	20x	as long as short
Bitget DRAMUSDT	+0.0100%	8h	62.240	+0.322%	$26.2M	$13.2M	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.180	+0.226%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.230	+0.306%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.227	+0.302%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0131%	8h	62.226	+0.299%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0141%	1h	62.198	+0.255%	$81.8M	$37.0M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0175%	8h	62.233	+0.312%	$36K	$157K	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0184%	1h	62.040	long leg	$534K	$76K	20x
OKX DRAM-USDT-SWAP	+0.0192%	8h	62.230	+0.306%	$5.5M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.200	+0.258%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0262%	8h	62.277	+0.382%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0403%	8h	62.228	+0.303%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0491%	8h	62.203	+0.263%	$2.4M	$713K	—	as long as short
Extended DRAM-USD	+0.0520%	1h	62.200	+0.259%	$75K	$669K	10x	as long as short
Binance DRAMUSDTshort	+0.0524%	8h	62.225	+0.298%	$44.6M	$81.6M	50x
MEXC DRAM_USDT	+0.0524%	8h	62.220	+0.290%	$9.6M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0535%	8h	62.270	+0.371%	$8.1M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0775%	8h	62.260	+0.355%	$302K	$26K	20x	as long as short