Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.059%

Price spread now: Bitget against Coinbase International+0.552%7-day average +0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 3 days (all we have)−0.535%−$54 · spread now +0.552%, 7d avg +0.173%

Together, before fees−0.782%−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.379% dearer against Coinbase International than usual: you sell high and buy low (spread +0.552% now, against its 7-day average of +0.173%): +$38 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.580	0.0192	pay 0.0024% / 1h	55m 02s	$510K	$43K	20x
Short	Bitget DRAMUSDT	61.920	0.0132	get 0.0132% / 8h	55m 02s	$26.0M	$12.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.552%Rate

Funding earned: −$12.6
Price spread: +0.552% → +0.173%: $37.89
Slippage, 4 orders: −$14.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$11.39
Costs to cover: 0.367%
Break-even: from the start

Slippage from Coinbase International: live order book, 23 min ago; Bitget: live order book, 4 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, 23 min ago	3.24 bp	12.4 bp −$12	16.7 bp −$167	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.62 bp	8.3 bp −$8	13.2 bp −$132	42.7 bp −$4,266	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	61.920	+0.552%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.920	+0.552%	$751	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.860	+0.455%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.880	+0.487%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0015%	4h	61.850	+0.439%	$153K	$288K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.835	+0.414%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.840	+0.422%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.890	+0.503%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.906	+0.529%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.810	+0.373%	$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	+0.0079%	1h	61.890	+0.503%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.834	+0.412%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.840	+0.422%	$3.0M	$474K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.790	+0.341%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.890	+0.503%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.897	+0.515%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0131%	8h	61.819	+0.388%	$199K	$36K	20x	as long as short
Entropy io:DRAM	+0.0131%	1h	61.822	+0.393%	$260K	$506K	25x	as long as short
Bitget DRAMUSDTshort	+0.0132%	8h	61.920	+0.552%	$26.0M	$12.6M	20x
OKX DRAM-USDT-SWAP	+0.0134%	8h	61.910	+0.536%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0153%	8h	61.860	+0.455%	$36K	$180K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0172%	8h	61.895	+0.511%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0192%	1h	61.580	long leg	$510K	$43K	20x
Variational Omni DRAM	+0.0218%	8h	61.867	+0.465%	$2.4M	$949K	—	as long as short
Lighter DRAM	+0.0224%	1h	61.921	+0.554%	$977K	$1.2M	20x	as long as short
MEXC DRAM_USDT	+0.0261%	8h	61.920	+0.552%	$11.2M	$6.4M	100x	as long as short
Bybit DRAMUSDT	+0.0261%	8h	61.970	+0.633%	$9.3M	$10.4M	100x	as long as short
Extended DRAM-USD	+0.0264%	1h	61.909	+0.534%	$77K	$766K	10x	as long as short
Binance DRAMUSDT	+0.0266%	8h	61.920	+0.552%	$43.9M	$82.4M	50x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.904	+0.527%	$456K	$475K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0332%	1h	61.914	+0.542%	$80.2M	$39.9M	20x	as long as short
BloFin DRAM-USDT	+0.0528%	8h	61.920	+0.552%	$295K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.920	+0.552%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.890	+0.503%	$51K	$89K	10x	as long as short