Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0194%/8h= +21.3% APRpaid last 24h +0.054%

Price spread now: BloFin against Coinbase International+0.113%58s7-day average +0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.419% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.113%, 7d avg +0.173%

Together, before fees−0.240%−$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.060% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.113% now, against its 7-day average of +0.173%). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.178%, so the current rate has only just turned in your favour. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	62.110	0.0104	pay 0.0013% / 1h	51m 22s	$533K	$75K	20x
Short	BloFin DRAM-USDT	62.180	0.0298	get 0.0298% / 8h	3h 51m	$301K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.113%Rate

Funding earned: $40.77
Price spread: +0.113% → +0.173%: −$6.03
Slippage, 4 orders: −$19.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.16
Costs to cover: 0.419%
Break-even: 8.2 days

Slippage from Coinbase International: live order book, 2 min ago; BloFin: live order book, 43 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, 2 min ago	4.82 bp	11.0 bp −$11	15.0 bp −$150	doesn't fit	doesn't fit
Sell BloFin live order book, 43 min ago	1.60 bp	8.6 bp −$9	11.4 bp −$114	34.8 bp −$3,479	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	62.155	+0.073%	$438K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.170	+0.097%	$26.1M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.199	+0.144%	$37K	$179K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.170	+0.097%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.190	+0.129%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.150	+0.064%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.170	+0.097%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.150	+0.064%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.170	+0.097%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.130	+0.032%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.132	+0.035%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.153	+0.069%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.180	+0.113%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAM	+0.0055%	1h	62.165	+0.089%	$160K	$451K	25x	as long as short
OKX DRAM-USDT-SWAP	+0.0073%	8h	62.180	+0.113%	$5.4M	$4.5M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0077%	8h	62.159	+0.079%	—	—	5x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	62.186	+0.122%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.180	+0.113%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.130	+0.032%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.230	+0.193%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.160	+0.081%	$9K	—	10x	as long as short
Lighter DRAM	+0.0104%	1h	62.169	+0.095%	$1.0M	$1.1M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.159	+0.079%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0104%	1h	62.110	long leg	$533K	$75K	20x
Bybit DRAMUSDT	+0.0112%	8h	62.200	+0.145%	$9.7M	$9.7M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0144%	1h	62.135	+0.040%	$81.3M	$35.4M	20x	as long as short
Aster DRAMUSDT	+0.0198%	8h	62.168	+0.093%	$200K	$35K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.150	+0.064%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0276%	8h	62.194	+0.135%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDTshort	+0.0298%	8h	62.180	+0.113%	$301K	$26K	20x
Extended DRAM-USD	+0.0312%	1h	62.132	+0.036%	$76K	$622K	10x	as long as short
Binance DRAMUSDT	+0.0314%	8h	62.150	+0.064%	$44.6M	$80.2M	50x	as long as short
MEXC DRAM_USDT	+0.0317%	8h	62.150	+0.064%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0589%	8h	62.200	+0.145%	$8.1M	$3.5M	75x	as long as short